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  • 3.61% HOLD variable rate tracker [HLD1]

    • Overview
    • Interest Rates
    • How to Apply
    Full Details
    • Interest Rate
      3.61% variable
      (the DWP's Support for Mortgage Interest Rate, currently 2.61%, plus 1.00%)
      the rate will not fall below 3.00%
    • Overall cost for comparision is
      3.8% APRC
    • Maximum LTS
      95% including fees
    • Application Fee - payable upfront and non-refundable
    • Product Fee - payable to My Safe Home Ltd. on application, refundable if mortgage does not proceed


    • Application fee £150. This is payable upfront and is non-refundable.
    • My Safe Home Ltd. arrangement fee £2,000, payable on application, refundable if mortgage does not proceed to completion.
    • Valuation fees are payable as detailed in the separate tariff and will be instructed by the Society.
    • Solicitors and licensed conveyancers fees are not based on a set scale and solicitors must be on My Safe Home's panel of solicitors.
    • Funds transfer fee £25.
    • Other charges may be made in respect of mortgage services. See our Fees Guide for details.

    Qualifying Criteria

    • Clean credit history with no outstanding debts.
    • In receipt of Disability Living Allowance High or Middle Rate Care (under 60s) or Attendance Allowance (over 60s) together with other qualifying benefits.
    • Unable to work in conventional employment.
    • In possession of a suitable Care package confirmed by their Social Worker.

    Early Repayment Charge (ERC)

    There is no Early Repayment Charge.


    Overpayments may be made at any time and interest will be recalculated from the day following receipt. 

    If an overpayment of £500 or more is made, we'll recalculate the monthly payment the following month.


    As well as proof of Disability Living Allowance, the borrower must be able to pay at least a 5% deposit on their share of the property and the mortgage fees in advance.


    This mortgage is available on an interest only basis with the sale of the property used as the repayment vehicle.

    Payments must be made monthly by direct debit.

    Maximum LTS

    Maximum LTS 90% including fees.

    Percentage of Shared Ownership

    This mortgage is available on a shared ownership basis with the property landlord, normally a housing authority. The mortgage can be taken out on a share of the property of between 25% and 75%, with rent payable to the landlord on the remaining share.

    Information required on application

    • Last 3 months bank statements.
    • Completed Budget Planner.
    • Proof of Disability LIving Allowance and any other associated benefits.
    • Proof of suitable Care package.
    • Certified Court of Protection Order or Lasting Power of Attorney (if necessary).
    • Certified photographic proof of identity.

    We will carry out electronic verification to prove the applicant's identity, but we may also ask for documentary evidence of identity. This can include certified proof of residency or other loan or card statements.
    References may be taken up and credit searches will be made. Cases may be declined due to previous adverse credit or information that is not disclosed on the application form.

    Additional Risks for Borrowers

    The borrower will be responsible for paying all the monthly mortgage payments and the rent, should a situation arise which affects the amount of benefits received by the borrower.

    Age Limits

    Minimum age 18. There is no maximum age limit. Cases are considered on individual circumstances.

    Loan Size

    Minimum loan size £50,000.

    Maximum loan size £200,000.

    Minimum Property Value

    Minimum property value is £56,000.

    Mortgage Term

    The maximum mortgage term is 40 years dependent on individual circumstances.


    We recommend that the applicant has buildings insurance on the property. It is not a requirement to buy any insurance through Buckinghamshire Building Society.


    This product is not portable.

    Property Type

    Standard construction houses or flats. For leasehold properties the Society requires a minimum unexpired period of 85 years at the time of purchase and at least 55 years unexpired lease remaining after the expected redemption date. Flats over 4 storeys may be considered on an individual basis but are not acceptable if they are local authority or ex-local authority.


    Interest is calculated daily on the balance outstanding and added to the account the following month.

    The interest rate will not fall below 3.00% during the term of the loan.