Latest monthly roundup - more opportunities for First-Time Buyers

ONLY FOR USE BY MORTGAGE INTERMEDIARIES

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Shared Equity

Scottish First Homes Fund

Latest monthly roundup

Last month we were delighted to announce expanded support for First-Time buyers, in this update You'll also find important updates to our mortgage range and fresh market insights to keep you ahead.

Shared Equity: More flexibility for First-Time Buyers

We've increased our Shared Equity Loan to Value (LTV) limit, introducing new purchase products at 85% and 90% LTV (up from 75%).

The changes apply to:

Scottish First Homes Fund.
Scottish LIFT.
Welsh Homebuy.

Key considerations:

New purchase products available up to 90% LTV.
Minimum loan size of £25,000.
Help to Buy remortgages remain available at 75% LTV.

To find out more about our Shared Equity proposition, visit our Shared Equity Hub.

New: Scottish First Homes Fund

We’re pleased to be supporting the Scottish Government’s new Scottish First Homes Fund, creating another route to homeownership for eligible first-time buyers in Scotland.

Key features include:

Up to 90% LTV.
Property purchase price up to £300,000.
Up to £10,000 government equity contribution.
Minimum 5% customer deposit.
Available on both new build and existing properties.
No interest payable while the scheme remains active.

If a customer receives an Award Letter, missives must be concluded within three months. A £650 administration fee applies.

For full scheme details, please visit our Scottish Hub.

Latest product changes

We've made several updates to our mortgage range recently. Visit our Products page to keep up to date with the latest rates and product changes.