Get a shared ownership mortgage, even with impaired credit

The new product allows potential homeowners to borrow up to 100 per cent of their share of the property and there is no higher lending charge to pay.

The Society will consider a wide range of circumstances, including CCJs up to £3,000, mortgage or rent arrears and defaults.

Stuart Fearn, Product Development Manager, said: “We have created this innovative product to offer customers with impaired credit the opportunity to remortgage or purchase a share in a property at a competitive rate.

“It is well publicised that many first-time buyers need a shared ownership product to get onto the housing ladder and staircase up to owning the whole property.”

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