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Help to Buy

Why choose us?

We have worked with the Homes and Communities Agency for many years. We can lend to ​any profession in England and Wales and are proud to support the Help To Buy schemes.

Studio flats, commercial conversions and properties above commercial considered as other lenders may steer away from clients who look to purchase these types of properties. Please call the Society before submitting, to discuss your case.

We can also consider applicants with a low credit score, that may have failed a standard score card due to a lack of credit history or a minor credit problem,  as we know credit history should not necessarily affect someone's credit future.

Incomes come in all shapes and sizes, so we can consider clients on a temporary contract, new and future contracts, and ignore probationary periods.

WHAT WE CAN OFFER

  • Maximum LTV - 75%
  • Minimum customer deposit 5% (gifted deposit accepted)
  • Fixed and variable rate options available
  • Terms up to 40 years
  • Help To Buy equity loan interest payment calculated at 1.75%
  • Builder's incentive up to 5%
  • Forces Help To Buy can be considered in connection with the Help to Buy scheme (5% personal deposit requirement remains, monthly payments to be included in the affordability)
(subject to lending criteria and affordability)

2 Year Variable Rate Mortgage 20% Deposit 2.39% Variable
2.39% 4.99% 4.7% APRC 80% N/A £99

Key Features

Variable rate

A variable rate, currently ​2.​39%, which is discounted by 2.60% from our Standard Variable Rate for the first 2 years. It then changes to our Standard Variable Rate, which is currently 4.99%, and remains on our variable rate terms for the rest of the mortgage.

The overall cost for comparison is 4.7% APRC representative.

What you Pay

  • Daily interest.
  • An application fee of £99 (non-refundable) is payable with the application.
  • A valuation fee is payable for all properties worth £800,000 or more.
 

Early repayment charge

An Early Repayment Charge of 3% on the amount repaid will be applied for the duration of the product term. You can overpay by up to 10% of the loan outstanding per calendar year without charge.

What we Pay

  • The first valuation fee for properties worth less than £800,000
  • For remortgage applications, legal fees will be paid when using our appointed solicitor. For non-standard remortgages (i.e. ​Shared Ownership, Help to Buy, transfer of equity, unencumbered property), we will pay £250 towards the legal costs and this will be sent directly to your solicitor on completion of the mortgage.
  • £100 cashback for NEU members upon completion.

Who can apply and more information

  • Available for home purchase and remortgage applications.

Your home may be repossessed if you do not keep up repayments on your mortgage

Representative Example

A mortgage of £150,000 over 28 years initially on a discounted variable rate of 2.39% (equal to a 2.60% discount off our SVR)  for 2 years and then on our Standard Variable Rate of 4.99% for the remaining term, would require 24 monthly payments of £612.77 and 312 monthly payments of £814.78.

The total amount payable would be £269,254.18 made up of the loan amount plus interest (£118,927.68) with a funds transfer fee of £25, mortgage application fee of £99, legal fees of £117.50 and a mortgage exit fee of £85.

The overall cost for comparison is 4.7% APRC representative.

Call us today on 0800 378 669

This product may be withdrawn or amended at any time, without prior notice

3 Year Fixed Rate Mortgage 20% Deposit 3.59% Fixed
3.59% 4.99% 4.7% APRC 80% N/A £99

Key Features

Fixed rate

A fixed rate of ​3.​​59% for the first 3 years (fixed until 14/10/2021). It then changes to our Standard Variable Rate, which is currently 4.99%, and remains on our variable rate terms for the rest of the mortgage.

The overall cost for comparison is 4.7% APRC.

 

What you Pay

  • Daily interest.
  • An application fee of £99 (non-refundable) is payable with the application.
  • A valuation fee is payable for all properties worth £800,000 or more.

Early repayment charge

An Early Repayment Charge of 3% on the amount repaid will be applied for the duration of the product term. You can overpay by up to 10% of the loan outstanding per calendar year without charge.

What we Pay

  • The first valuation fee for properties worth less than £800,000.
  • For remortgage applications, legal fees will be paid when using our appointed solicitor. For non-standard remortgages (i.e. ​Shared Ownership, Help to Buy, transfer of equity, unencumbered property), we will pay £250 towards the legal costs and this will be sent directly to your solicitor on completion of the mortgage.
  • £100 cashback for NEU members upon completion.

Who can apply and more information

  • Available for home purchase and remortgage applications.

Your home may be repossessed if you do not keep up repayments on your mortgage

Representative Example

A mortgage of £150,000 over 28 years initially on a fixed rate of 3.59% (ending on 14th October 2021) and then our Standard Variable Rate of 4.99% for the remaining term, would require 38 monthly payments of £708.39 and 298 monthly payments of £816.02.

The total amount payable would be £270,434.07 made up of the loan amount plus interest (£120,107.57) with a funds transfer fee of £25, mortgage application fee of £99, legal fees of £117.50 and a mortgage exit fee of £85.

The overall cost for comparison is 4.7% APRC representative.

Call us today on 0800 378 669

This product may be withdrawn or amended at any time, without prior notice

5 Year Fixed Rate Mortgage 20% Deposit 3.99% Fixed
3.99% 4.99% 4.7% APRC 80% N/A £99

Key Features

Fixed rate

A fixed rate of ​3.​​99% for the first 5 years (fixed until 14/​​10/2023). It then changes to our Standard Variable Rate, which is currently 4.99%, and remains on our variable rate terms for the rest of the mortgage.

The overall cost for comparison is 4.7% APRC.

What you Pay

  • Daily interest.
  • An application fee of £99 (non-refundable) is payable with the application.
  • A valuation fee is payable for all properties worth £800,000 or more.

Early repayment charge

An Early Repayment Charge of 3% on the amount repaid will be applied for the duration of the product term. You can overpay by up to 10% of the loan outstanding per calendar year without charge.

 

What we Pay

  • The first valuation fee for properties worth less than £800,000.​
  • For remortgage applications, legal fees will be paid when using our appointed solicitor. For non-standard remortgages (i.e. Shared Ownership, Help to Buy, transfer of equity, unencumbered property), we will pay £250 towards the legal costs and this will be sent directly to your solicitor on completion of the mortgage.
  • £100 cashback for NEU members upon completion.

Who can apply and more information

  • Available for home purchase and remortgage applications.
  • Your home may be repossessed if you do not keep up repayments on your mortgage

    Representative Example

    A mortgage of £150,000 over 28 years initially on a fixed rate of 3.99% (ending on 14th October 2023) and then our Standard Variable Rate of 4.99% for the remaining term, would require 62 monthly payments of £741.97 and 274 monthly payments of £813.51.

    The total amount payable would be £269,246.83 made up of the loan amount plus interest (£118,920.33) with a funds transfer fee of £25, mortgage application fee of £99, legal fees of £117.50 and a mortgage exit fee of £85.

    The overall cost for comparison is 4.7% APRC representative.

    Call us today on 0800 378 669

    This product may be withdrawn or amended at any time, without prior notice

    Intermediary Exclusive, 2 Year Fixed Rate Mortgage 20% Deposit 3.59% Fixed
    3.59% 4.99% 4.8% APRC 80% N/A N/A

    Key Features

    Fixed rate

    A fixed rate of ​3.​​59% for the first 2 years (fixed until 14/10/2020). It then changes to our Standard Variable Rate, which is currently 4.99%, and remains on our variable rate terms for the rest of the mortgage.

    The overall cost for comparison is 4.8% APRC.

    What you Pay

  • Daily interest.
  • A valuation fee is payable for all properties worth £800,000 or more.
  • Early repayment charge

    An Early Repayment Charge of 3% on the amount repaid will be applied for the duration of the product term. You can overpay by up to 10% of the loan outstanding per calendar year without charge.
     

    What we Pay

    • The first valuation fee for properties worth less than £800,000.
    • For remortgage applications, legal fees will be paid when using our appointed solicitor. For non-standard remortgages (i.e. ​Shared Ownership, Help to Buy, transfer of equity, unencumbered property), we will pay £250 towards the legal costs and this will be sent directly to your solicitor on completion of the mortgage.
    • £100 cashback for NEU members upon completion.

    Who can apply and more information

    • Available for home purchase and remortgage applications.
    • Available via mortgage intermediaries only.

    Your home may be repossessed if you do not keep up repayments on your mortgage

    Representative Example

    A mortgage of £150,000 over 28 years initially on a fixed rate of 3.59% (ending on 14th October 2020) and then our Standard Variable Rate of 4.99% for the remaining term, would require 26 monthly payments of £708.39 and 310 monthly payments of £819.92.

    The total amount payable would be £272,934.63 made up of the loan amount plus interest (£122,608.13) with a funds transfer fee of £25, mortgage application fee of £99, legal fees of £117.50 and a mortgage exit fee of £85.

    The overall cost for comparison is 4.8% APRC representative.
     

    Call us today on 0800 378 669

    This product may be withdrawn or amended at any time, without prior notice