The rate you're offered may be influenced by several factors, including:
- How much you need to borrow (both in total, and as a percentage of your property's value).
- Whether you're buying through a Shared Ownership or Right to Buy scheme, or not.
- The property you're taking out the mortgage for.
- Your credit history (but not your credit score).
Our personal mortgages rates tend to be higher than many mainstream lenders, because of the extra risk associated with the mortgages we provide. So if we think the products available on the high street are better suited to your circumstances, we'll suggest you shop around before completing an application with us.
We look at the property's market value when calculating these figures. So if you're buying a Shared Ownership property, or are receiving a discount through the Right to Buy scheme, you may be able to borrow up to 100% of your purchase price.