We have launched a new range of Shared Ownership Mortgages that includes mortgages available up to 95 per cent of the share being purchased.
The new range includes both fixed rates for a period of either 2 or 3 years or discounted rates for 3 years. Payable rates for the discounted product start at 4.79% with an application fee of only £199, and benefit from no completion fees and a refunded valuation fee up to £400. Fixed rates start at 5.19% for 3 years with an application fee of £199, a completion fee of £100 and also have the benefit of a refunded valuation fee up to £400.
We are determined to help first time buyers throughout the East Midlands (Nottinghamshire, Derbyshire, Lincolnshire, Leicestershire), and other selected areas including South Yorkshire, Northamptonshire, Rutland and Cambridgeshire, with the introduction of new and re-priced shared ownership products up to a maximum of 90 per cent and 95 per cent of the borrower’s share of the property being purchased.
We are confident that these new products will prove to be very popular with those who, initially at least, cannot afford to buy a home outright. These are difficult times for first time buyers but The Mansfield is an ideal starting point for anyone thinking about buying their own home.
For full details click here.