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Residential Products

Credit Flex Mortgages

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Credit Flex mortgages are suitable for individuals whose credit history or credit score means they are not able to secure a standard mortgage, or applicants who do not wish to be assessed using automated credit scoring. This could include those who have missed payments or defaults, or have satisfied County Court Judgment (CCJs). 

Our Credit Flex mortgages are available for first time buyers and applicants looking to purchase a new home. They are also available for those looking to remortgage if they have owned the property for at least six months. 

They are not available for applicants who do not live in the property, or existing members who are looking to switch their mortgage or borrow more. This product is not suitable for applicants who have missed payments on secured lending within the last 6 months, have outstanding payday loans or have a deposit of less than 20%.

As Credit Flex mortgages consider complex credit history, they have a higher interest rate. This means they are not suitable for applicants who meet the criteria of our standard mortgage products.

Flex Together - enhanced JBSP

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Flex Together is our Joint Borrower Sole Proprietor mortgage but better!

It allows up to four borrowers on a mortgage application to help boost affordability, and that includes family members AND FRIENDS!

We calculate affordability based on an income multiple of x4.49 for the two highest earners and x1 for any additional applicants*, all parties share responsibility for the mortgage, but only the main purchaser is on the property deeds.

For joint applicants who are close family members (parents, spouse or siblings), the maximum LTV (Loan to Value) is 95%, for other joint applicants it is 80%.

But what makes Flex Together even more special is our Tailored Term tool. This enables different applicants to share the mortgage over different timescales, removing the term limitations faced when joint applicants have a significant age gap.

This product proves very popular with first time buyers but can also act as a helpful aid for those taking their next steps into their dream home.

*For consideration of higher income multiples for additional applicants please refer to one of our team who will be happy to help.

Full Criteria

Income Flex Mortgages

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Our Income Flex mortgages are specifically designed for applicants who have non-standard or irregular income arrangements and are unlikely to be able to meet standard affordability criteria to secure the mortgage they require. This could include individuals seeking higher income multiples, consideration of irregular income patterns, multiple income sources or consideration of the profits of their business. 

Our Income Flex mortgages are available for those looking to buy a new home they intend to live in, including first time buyers. They are also available for those looking to remortgage if they have owned the property for at least six months. 

These products are not suitable for those who cannot meet our standard credit history criteria, such as those with missed payments or defaults. 

As Income Flex mortgages consider non-standard incomes, they have a higher interest rate. This means they are not suitable for applicants who meet the criteria of our standard mortgage products. 

Income Flex - 2 Year Discount 6.29% variable (1.75% off Homeowner Variable Rate)

IFHD2

Initial interest rate

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1.75% discount off the Society's Homeowner Variable Rate for 2 years. Will not go below a floor of 2.25%.

6.29% variable

Max Loan to Value (LTV)

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Maximum loan to value available:

90%

Product Fees

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Application fee
£199 (non-refundable)
Completion fee
£800 (non-refundable)

£999 (non-refundable)

Overall Cost for Comparison

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The overall cost for comparison

8.0% APRC representative

Income Flex - 2 Year Discount 6.09% variable (1.95% off Homeowner Variable Rate)

IFHD1

Initial interest rate

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1.95% discount off the Society's Homeowner Variable Rate for 2 years. Will not go below a floor of 2.25%.

6.09% variable

Max Loan to Value (LTV)

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Maximum loan to value available:

80%

Product Fees

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Application fee
£199 (non-refundable)
Completion fee
£800 (non-refundable)

£999 (non-refundable)

Overall Cost for Comparison

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The overall cost for comparison

7.9% APRC representative

Specialist Range

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Our Specialist mortgages are suitable for individuals whose unusual or complex circumstances mean they are not able to secure a standard mortgage. This could include those with irregular income, employment, credit imperfections or unique types of properties. We consider each applicant’s individual circumstances before making a decision.

Our Specialist mortgages are available for first time buyers and applicants looking to purchase a new home or for those looking to remortgage. They are not available for existing customers who are renewing their mortgage with us or those looking to borrow more. 

As Specialist mortgages consider unusual or complex circumstances, they have a higher interest rate. This means they are not suitable for applicants who meet the criteria of our standard or niche mortgage products. 

Standard Mortgages

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Our Standard mortgages are available for those who do not have unusual or complex circumstances. This includes older applicants who meet our later life criteria. 

Our Standard mortgages are available for first time buyers and applicants looking to purchase a new home. They are also available for those looking to remortgage if they have owned the property for at least six months. 

They are not available for applicants who do not live in the property, or existing members who are looking to switch their mortgage or borrow more. 

These product are not suitable where any of the applicants have had previous missed payments, their income is complex, retirement interest only, over age 85 at the end of the term (age 75 for interest only loans with a downsizing Mortgage Repayment Vehicle) or their property is not built with standard construction. 

Standard mortgages will have a lower interest rate as they do not need to consider unusual or complex circumstances, property or borrower types.