24 July 2017
With household income of less than £80,000 outside London, and £90,000 inside London, higher income groups are more enthusiastic about being able to buy a shared ownership property.
With growth in average earnings at approximately 3% and houses prices growth at 5% (source: BSA/ONS economic update) the disparity between incomes and house prices means shared ownership can make buying a home a reality.
Buckinghamshire Building Society has launched today, Monday 27 July, an exclusive product to support L&G club members to offer a wider choice to their borrowers. Their 95% LTS product opens up the possibility for those with smaller deposits.
Buckinghamshire Building Society’s offering in this sector includes 95% of LTS for purchases of flats or houses.
All their cases are individually underwritten by their specialist team.