The current climate may have made prospective first-time buyers think about leaving home, changing their current living situation and stepping onto the property ladder.
To support this potential uplift in new residential business coming your way, I’m pleased to say that we’ve introduced our new shared ownership offering, which includes up to £1m accepted on both two and five-year loans.
Key criteria:
- Rates from 3.89%
- Up to 75% LTV (full market value)
- Furlough income considered
- £125k minimum property value
- Up to 100% share value available
- One year self-employed considered
And with revert rates of 4.50% tracking the Bank of England Base Rate, our enhanced offering is even better than before.
Our updated shared ownership product guide contains all the essential information about our latest criteria and product restrictions, plus information on switching pipeline cases. This information is under embargo until 10am so please refrain from promoting until after this time.
I hope this comes as welcome news for you and your brokers/members. If you do have any further questions, don’t hesitate to contact one of our team.
Kind regards,
Adrian Moloney
Group Sales Director
OneSavings Bank plc krfi.co.uk