Other affordability considerations
Ground rent/service charge
If the property that you intend to purchase has a fixed ground rent or service/maintenance payment, we will need to know what this is on your application form.
Changing circumstances can affect your affordability in either direction. For example, an expected maternity leave might reduce affordability, whereas a child becoming eligible to receive childcare grants will improve affordability.
New build properties
If the property that you intend to purchase is a new build this will also affect the amount that the society and other lenders may be willing to lend. Find out more about loan amounts
Other lending options
Ultimately, if we cannot lend to you, or you are struggling to get a mortgage agreement due to adverse credit history, some specialist providers offer sub-prime or adverse credit mortgages. Other mortgage providers offer guarantor mortgages, which allow for higher LTV’s but require family member or other parties to act as a guarantor in the event that payment cannot be met. These are not options that the Yorkshire Building Society currently offer, and any products should be considered carefully.