The Society provides ‘self-build’ mortgages, being instalment mortgages to assist in the cost of construction of, or renovation of, a residential property to be occupied by the borrower(s) subject to a maximum LTV of 75%.
Higher lending charges (HLC) are payable for all advances above 80% LTV. Where the HLC is payable by the borrower(s) it cannot be added to the mortgage and must be paid prior to the release of mortgage funds. Where the Society is contributing towards the HLC, this is limited to a maximum contribution of £1,500 […]
The Society will consider applications for a residential property, where the borrower works overseas for a multinational company, and wishes to retain a home within the UK, possibly for the benefit of family but is paid in a currency other than GBP. The Society will also consider applications for a buy to let property, where […]
The Society will consider applications for a residential property, where the borrower works overseas for a multinational company, and wishes to retain a home within the UK, possibly for the benefit of family but is paid in a currency other than GBP. Acceptable currencies are: Australian Dollars Chinese CNY / RMB Canadian Dollar Denmark Krone […]
The Society is prepared to consider mortgages on an interest only basis subject to a maximum LTV of 50%. Where the sale of the mortgaged property is the intended repayment strategy, there must be £200,000 of equity at the outset of the mortgage. Please contact our BDM to discuss other repayment strategies.
The Society may consider borrower(s) who do not meet the lending criteria if a guarantor, being a member of the borrower(s) family of suitable financial standing, is available. In such cases the guarantor must satisfy the Society’s affordability criteria in their own right. For residential loans, the Society will not lend >80% LTV on any […]
We lend in mainland Scotland. For properties located within the Scottish Isles – please contact us for further information. Ex-local authority properties should be referred for consideration.