Let's help first time buyers

11 Jul 2019

We know that it's become harder for first time buyers to get on to the property ladder, so we're dedicated to providing options and solutions to help the younger generation own their first home. 

We offer the following products to help first time buyers:

FAMILY MORTGAGE

Our award winning Family Mortgage is designed to allow family members to use their savings or property equity as security to help the borrower onto the property ladder.

Your clients can:

•             borrow up to 95% LTV on their first property

•             include family members' savings and/or property as security

•             include family members' savings as security in an offset account to reduce the amount of the mortgage on which interest is charged

•             have added peace of mind with our unique six month unemployment cover at no extra cost (subject to conditions).

The Family Mortgage is no limited to first time buyers and can be used to enable family help with trading up.

Find out more >

JOINT MORTGAGE SOLE OWNER (JMSO)

Our JMSO arrangement is designed to enable family members help the borrower(s) with affordability when applying for a mortgage.

This arrangement:

•             allows one or two owner occupiers and up to two other family members to support the borrower(s) by using up to four incomes for affordability

•             can be used on any of our standard products except our Family Mortgage

•             allows 80% maximum LTV for Owner Occupier.

Find out more >

GUARANTOR MORTGAGES

Our guarantor mortgages allows the borrower(s) parents' and/or family members to use their income to help with affordability on the borrower(s) mortgage application.

You can find more information on how we calculate affordability on our guarantor mortgages here.

Our guarantor mortgages can be used on any of our Owner Occupier products except our Family Mortgage.

Find out more >

For more information on our first time buyer mortgages or any of our other mortgages, please contact your local BDM.

Affordability Calculator

Find out how much your residential client may be able to borrow. To see affordability for a Buy to Let client, use our Buy to Let calculator

Find Your Local

Business Development Manager

Your Local BDM:

Arif Kara

Arif was previously a mortgage adviser, and focuses on North and West London. Contact Arif for help with your clients' mortgages.
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Your Local BDM:

Michelle Parry-Bunter

Michelle has worked for the Society for over a decade and focuses on the South Coast. Contact Michelle for help with your clients' mortgages.
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Your Local BDM:

Nathan Waller

Nathan was previously a mortgage and protection adviser, and focuses on Essex and Kent. Contact Nathan for help with your clients' mortgages.
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Your Local BDM:

Charlotte Grimshaw

Charlotte has a background working with intermediaries within the Building Society sector and focuses around the West M25 area. Contact Charlotte for help with your clients' mortgages.
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Your Local BDM:

Darren Deacon

Darren has over 28 years' Financial Services experience and focuses on both the East & West Midlands. Contact Darren for help with your clients' mortgages.
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Your Local BDM:

Paul Roberts

Paul has over 30 years' experience and focuses on the North (inc. M62 corridor), Yorkshire & North East. Contact Paul for help with your clients' mortgages.
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We do not currently have a BDM covering your area. Please contact our Mortgage Helpdesk:

Opening hours: Mon - Fri: 8am - 5.30pm, Sat: 9am - noon

We may record any telephone calls we have with you in the interest of staff training, monitoring customer service or for security purposes.

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