We are working hard to maintain the best service we can for you. As you can imagine our telephone lines are exceptionally busy at the moment. So we are asking for your help too.
In the interests of the health of both our customers and our staff, please avoid visiting our branches unless necessary. Please telephone your local branch direct if you have any queries or to register to use our online services.
To reduce the risk to our branch staff and customers, branch opening hours have temporarily be reduced to 9am - 1pm Monday to Friday and 9am – 12pm Saturdays.
We have also temporarily reduced our telephone opening hours at Principal Office to 9am - 3.30pm Monday to Friday and 9am – 12pm Saturdays. We apologise for any inconvenience this may cause.
We understand that some customers may be worried about the effect that contracting the Coronavirus (COVID-19) could have on their finances, for example due to a drop in income as a result of contracting the virus or because of the measures imposed to stop it spreading. If you have any concerns about how this could affect you and your mortgage, please click here to read the leaflet produced by the Building Societies Association and National Debtline or please get in touch on 01664 414141.
Please click here to see a list of Frequently Asked Questions for our members.
The Society is aware of fraudsters using the Coronavirus outbreak to try and trick people into parting with their money. Here are four types of fraudulent activity that we are aware of:
Shared ownership is a great way to get onto the property ladder. Simply put, you buy a share in a property and rent the rest. As a guide, you can normally buy between 25% and 75% of the property.
When you can afford it, you’ll be able to buy more of the property – this is called ‘staircasing’ – and increase your investment. You can buy a newly built house or one which is being sold by a housing association. You’ll need to take out a mortgage from a lender who specialises in this type of loan to pay for your share of the property’s purchase price. In time, you may be able to buy a greater share to get you to full ownership.
This depends on where you live in the UK. For England, you’ll usually need to be a first-time buyer with a combined household income below £80,000 outside London. Military personnel may also have priority.
You can check through your options with our Mortgage Finder.
For more information about shared ownership, check out the government’s Help To Buy website.
|Mortgage Product||Maximum Loan to Value||Initial Rate||Followed by our Standard Variable Rate||The overall cost for comparison||Product Fees||Deposit amount|
|Shared Ownership – 3.69% Fixed Rate to 31 December 2024||95%||3.69%||4.99%||4.7% APRC|
Based on a £97,000 mortgage, secured by first charge on your main residential property, repaid on a repayment basis over a 31 year term: 61 monthly payments at a variable rate of 3.69%, (£438.08) £26,722.88. 311 monthly payments at standard variable rate (currently 4.99%), (£502.72) £156,345.92. Telegraphic Transfer fee payable when you apply £25. Solicitors fees payable to your conveyancer (estimated) £360. Mortgage Discharge Fee payable at the end of your mortgage £150. Total Amount Payable £183,603.80.
|Shared Ownership – 3.59% Fixed Rate to 28 February 2023||95%||3.59%||4.99%||4.8% APRC|
|Shared Ownership – 3.19% Fixed Rate to 28 February 2022||95%||3.19%||4.99%||4.8% APRC|
|Shared Ownership – 2.79% Discounted Rate for Term||95%||2.79%||n/a||2.9% APRC|