The Shared Ownership and Affordable Homes Programme is on course to exceed its objective of delivering 130,000 new affordable homes, with 126,800 started by the end of March 2023 and a further 5,000 remaining starts to deliver in 2023/2024.
Shared Ownership offers the opportunity for more prospective house buyers to get on the property ladder, despite smaller deposits or affordability challenges. Our Shared Ownership proposition has been developed with broker feedback at the forefront to ensure that we can support as many clients as possible achieve their dream of homeownership.
Key highlights:
- Available to borrowers with a maximum household income up to £80,000 (£90,000 in London);
- The minimum initial share of the property to be purchased is 25% and the maximum is 75%;
- The borrower must contribute at least 5% deposit from own funds or via family gift; and
- Product rates up to 95% LTV (of borrower’s share).
Further information on our Shared Ownership proposition can be found on our website.
| Contact us
If you would like to find out more about how Newcastle Intermediaries can help, please contact your dedicated Business Development Manager. |