Other charges may be made in respect of mortgage services. See our Fees Guide for details.
Parents or grandparents can use up to 60% of the value of their own property to help their child/grandchild onto the housing ladder.
The Society will take a charge on the relative's property to bring the Society's overall LTV to 80%. The charge on the relative's property is for a set amount.
The relatives will have liability for any shortfall on the sale of the mortgage property in repossession subject to the maximum agreed at outset.
The charge on the parent's property can be released subject to a re-valuation and satisfactory conduct of the mortgage account.
We may also accept equity in holiday homes or Buy to Let properties other than the relatives' own, subject to individual approval.
Please complete our Additional Security calculator to assist in calculating the amount of charge required on the parent's/grandparent's home.
The Society will require a basic valuation of the parent's property.
The Society will undertake an Experian credit search and electronic verification on the guarantors.
Guarantors will need to provide statements for any mortgage or secured loans on their property.
Society would require that the parents have a clean credit history and to verify that any existing mortgage is not on a roll up basis.
Parents would need to take and evidence that they have had independent legal advice to ensure they are fully informed and that the solicitor can identify potential vulnerable persons.
A Higher Lending Charge does not apply.
This product accepts our standard credit criteria click here for details
Early Repayment Charges as detailed below are payable on any lump sum or full redemption repaid over 10% of the capital balance.
During the early repayment charge period lump sum overpayments up to 10% of the capital balance per annum may be made without attracting an early repayment charge. Should the total of lump sum overpayments exceed 10% within this period, the excess will attract an early repayment charge.
Once the early repayment charge period has ended overpayments can be made at any time.
If an overpayment of £500 or more is made, we will recalculate the monthly payment the following month.
The First Time Buyers will need to demonstrate they can afford the mortgage payments in their own right and pass normal affordability checks.
This mortgage is available on a capital repayment basis. Payments must be made monthly by direct debit.
The minimum age is 18 for all applicants. There is no max age. Cases are considered on individual circumstances.
Minimum loan size £25,000.
Maximum loan size £500,000.
The maximum mortgage term is 40 years dependent on individual circumstances.
This product is portable, meaning that if the applicant moves home they can take it with them, subject to our lending criteria at the time.
Interest is calculated daily on the balance outstanding and added to the account the following month.
Other charges may be made in respect of mortgage services. See our Fees Guide for details.
Parents or grandparents can use up to 60% of the value of their own property to help their child/grandchild onto the housing ladder.
The Society will take a charge on the relative's property to bring the Society's overall LTV to 80%. The charge on the relative's property is for a set amount.
The relatives will have liability for any shortfall on the sale of the mortgage property in repossession subject to the maximum agreed at outset.
The charge on the parent's property can be released subject to a re-valuation and satisfactory conduct of the mortgage account.
We may also accept equity in holiday homes or Buy to Let properties other than the relatives' own, subject to individual approval.
Please complete our Additional Security calculator to assist in calculating the amount of charge required on the parent's/grandparent's home.
The Society will require a basic valuation of the parent's property, this will be undertaken as an AVM Desktop valuation on this scheme. Please check below for property exclusions for AVM option.
The Society will undertake an Experian credit search and electronic verification on the guarantors.
Guarantors will need to provide statements for any mortgage or secured loans on their property.
Society would require that the parents have a clean credit history and to verify that any existing mortgage is not on a roll up basis.
Parents would need to take and evidence that they have had independent legal advice to ensure they are fully informed and that the solicitor can identify potential vulnerable persons.
Certain property types will not be suitable for a desk top valuation and will require a Standard Valuation report. The property types that are excluded are:
A Higher Lending Charge does not apply.
This product accepts our standard credit criteria click here for details
Early Repayment Charges as detailed below are payable on any lump sum or full redemption repaid over 10% of the capital balance.
During the early repayment charge period lump sum overpayments up to 10% of the capital balance per annum may be made without attracting an early repayment charge. Should the total of lump sum overpayments exceed 10% within this period, the excess will attract an early repayment charge.
Once the early repayment charge period has ended overpayments can be made at any time.
If an overpayment of £500 or more is made, we will recalculate the monthly payment the following month.
The First Time Buyers will need to demonstrate they can afford the mortgage payments in their own right and pass normal affordability checks.
This mortgage is available on a capital repayment basis. Payments must be made monthly by direct debit.
The minimum age is 18 for all applicants. There is no max age. Cases are considered on individual circumstances.
Minimum loan size £25,000.
Maximum loan size £500,000.
The maximum mortgage term is 40 years dependent on individual circumstances.
This product is portable, meaning that if the applicant moves home they can take it with them, subject to our lending criteria at the time.
Interest is calculated daily on the balance outstanding and added to the account the following month.
Other charges may be made in respect of mortgage services. See our Fees Guide for details.
Parents or grandparents can use up to 60% of the value of their own property to help their child/grandchild onto the housing ladder.
The Society will take a charge on the relative's property to bring the Society's overall LTV to 80%. The charge on the relative's property is for a set amount.
The relatives will have liability for any shortfall on the sale of the mortgage property in repossession subject to the maximum agreed at outset.
The charge on the parent or grandparent's property can be released subject to a re-valuation and satisfactory conduct of the mortgage account.
We may also accept equity in holiday homes or Buy to Let properties other than the relatives' own, subject to individual approval.
Please complete our Additional Security calculator to assist in calculating the amount of charge required on the parent's/grandparent's home.
The Society will undertake an Experian credit search and electronic verification on the guarantors.
Guarantors will need to provide statements for any mortgage or secured loans on their property.
Society would require that the parents have a clean credit history and to verify that any existing mortgage is not on a roll up basis.
Parents or Grandparents would need to take and evidence that they have had independent legal advice to ensure they are fully informed and that the solicitor can identify potential vulnerable persons.
A Higher Lending Charge does not apply.
This product accepts our standard credit criteria click here for details
Early Repayment Charges as detailed below are payable on any lump sum or full redemption repaid over 10% of the capital balance.
During the early repayment charge period lump sum overpayments up to 10% of the capital balance per annum may be made without attracting an early repayment charge. Should the total of lump sum overpayments exceed 10% within this period, the excess will attract an early repayment charge.
Once the early repayment charge period has ended overpayments can be made at any time.
If an overpayment of £500 or more is made, we will recalculate the monthly payment the following month.
The First Time Buyers will need to demonstrate they can afford the mortgage payments in their own right and pass normal affordability checks.
This mortgage is available on a capital repayment basis. Payments must be made monthly by direct debit.
The minimum age is 18 for all applicants. There is no max age. Cases are considered on individual circumstances.
Minimum loan size £25,000.
Maximum loan size £500,000.
The maximum mortgage term is 40 years dependent on individual circumstances.
This product is portable, meaning that if the applicant moves home they can take it with them, subject to our lending criteria at the time.
Interest is calculated daily on the balance outstanding and added to the account the following month.
Other charges may be made in respect of mortgage services. See our Fees Guide for details.
Parents or grandparents can use up to 60% of the value of their own property to help their child/grandchild onto the housing ladder.
The Society will take a charge on the relative's property to bring the Society's overall LTV to 80%. The charge on the relative's property is for a set amount.
The relatives will have liability for any shortfall on the sale of the mortgage property in repossession subject to the maximum agreed at outset.
The charge on the parent or grandparent's property can be released subject to a re-valuation and satisfactory conduct of the mortgage account.
We may also accept equity in holiday homes or Buy to Let properties other than the relatives' own, subject to individual approval.
Please complete our Additional Security calculator to assist in calculating the amount of charge required on the parent's/grandparent's home.
The Society will undertake an Experian credit search and electronic verification on the guarantors.
Guarantors will need to provide statements for any mortgage or secured loans on their property.
Society would require that the parents have a clean credit history and to verify that any existing mortgage is not on a roll up basis.
Parents or Grandparents would need to take and evidence that they have had independent legal advice to ensure they are fully informed and that the solicitor can identify potential vulnerable persons.
Certain property types will not be suitable for a desk top valuation and will require a Standard Valuation report. The property types that are excluded are:
A Higher Lending Charge does not apply.
This product accepts our standard credit criteria click here for details
Early Repayment Charges as detailed below are payable on any lump sum or full redemption repaid over 10% of the capital balance.
During the early repayment charge period lump sum overpayments up to 10% of the capital balance per annum may be made without attracting an early repayment charge. Should the total of lump sum overpayments exceed 10% within this period, the excess will attract an early repayment charge.
Once the early repayment charge period has ended overpayments can be made at any time.
If an overpayment of £500 or more is made, we will recalculate the monthly payment the following month.
The First Time Buyers will need to demonstrate they can afford the mortgage payments in their own right and pass normal affordability checks.
This mortgage is available on a capital repayment basis. Payments must be made monthly by direct debit.
The minimum age is 18 for all applicants. There is no max age. Cases are considered on individual circumstances.
Minimum loan size £25,000.
Maximum loan size £500,000.
The maximum mortgage term is 40 years dependent on individual circumstances.
This product is portable, meaning that if the applicant moves home they can take it with them, subject to our lending criteria at the time.
Interest is calculated daily on the balance outstanding and added to the account the following month.