If you cannot afford to buy a home outright, you may be considering buying a property through the Government's affordable housing initiatives: NewBuild Homebuy. The basis of this scheme is that you buy a share of the property and pay rent on the remaining share that you do not own. Gradually you may buy further shares and eventually own your home outright. You can find more information about the NewBuild Homebuy scheme here.
We are one of the few lenders that provide shared ownership mortgages to finance the purchase of the property share required under this scheme.
| Product | Rate | Max % Property Share Value |
Arrangement Fee | |
Shared Ownership 3 Year Fixed Rate (Teachers Only) |
6.99% | 90% | £799 |
 |
Whichever shared ownership mortgage plan you choose please make sure you read the relevant Key Facts Illustration before making your final decision. We will be happy to provide this upon request.
