Buckinghamshire Building Society has come back to the shared ownership marketplace with a new product and expanded criteria.  

The mutual says its three-year discount rate loan is available without a product fee for purchase and remortgages for properties across England and Wales.  

Highlights of the offer include:  

• Available for share purchase of 25% to 75%  
• Maximum loan to share of 95%  
• Loans from £50,000 to £500,000  
• Maximum six storeys for flats  
• Lease must allow for staircasing to 100%  
• The lender’s standard credit criteria applies  
• Other fees, terms and conditions apply  

Buckinghamshire Building Society head of mortgage sales Claire Askham says: “With the end of the Help to Buy scheme fast approaching, we feel it’s important to find alternative ways to support the affordable housing market and shared ownership is a great solution for many first-time buyers to take that leap and get a foothold on the property ladder.  

“We all know that one of the major barriers to homeownership for many people is saving for that initial deposit.   

“Here at Buckinghamshire Building Society, we allow borrowers to purchase a minimum property share of just 25% and we lend up to 95% of that share cost, making homeownership a realistic option for a significant amount of potential buyers compared to more traditional methods of property purchase.”