Other affordability considerations
Ground rent & service charges
If the property that you intend to purchase has a ground rent or service charge, 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 your new property is a new build this will also affect the amount that the Society and other providers may be willing to lend. See our lending criteria page for more information on our minimum and maximum borrowing amounts for new build properties.
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. We do not currently offer any mortgage deals of this type, and any such mortgages offered by other providers should be considered carefully.