The following types of property are not acceptable: Properties of non-standard (classed as defective under the Housing Act) construction Freehold flats Studio flats Bedsits Houseboats Property adversely affected by subsidence Property in a derelict condition Multiple occupancy properties Properties with a value of less than £90,000 Properties described in the valuation report as being unsuitable...
Applicants must have been trading for a minimum period of 2 years (3 years for credit repair applications). 12 months’ trading history can be considered for applicants who meet our Professional or Same line of work criteria as detailed below and subject to product availability. For self-employed applicants and company directors owning 33¹/³ % or...
Self build applications will be considered where the applicant intends to reside in the property in line with general criteria and in addition the following will also apply:
The maximum loan to value ratio considered by the Society is 95% of the share being purchased subject to a maximum of 75% of the value of the property for the purposes of staircasing (maximum 60% LTV for new build flats) Society will only lend on 25% of affordable scheme housing on any single development...
