Client eligibility is as follows: 

• At least one applicant must be a first time buyer (defined as never having owned a property in the past) and no background properties on the application
• The maximum age allowable at the end of the term is 70
• Both applicants must have indefinite right to reside in the UK.

The product is only available on pre-existing houses. New build properties are not eligible, flats are not eligible and properties in Northern Ireland are not eligible. 

Yes, please see below:

• Maximum LTV – 99%
• Minimum Deposit - £5000
• Minimum purchase price - £100,001
• Maximum purchase price - £500,000
• Minimum Loan - £95,001
• Maximum Loan - £495,000
• Maximum Term – 40 years
• Maximum LTI is 4.49x

No – offset is unavailable.

No – JBSP applications are not acceptable.

No – specific products only. 

Yes, however, for joint applications, at least one applicant must be a first time buyer, and there can be no background properties on the application.

Yes - providing they are from an immediate family member.

Yes, providing the loan restrictions are met and from an immediate family member. 

Yes, however no additional lending will be allowed until there is a reduction in LTV to under 95% LTV. 

No, the product is specifically on a 5 year fixed rate.

Yes, there is a 10% overpayment allowance per annum. 

Yes, an enhanced credit score must be achieved for your applicant(s) to be eligible for the product. Where an applicant is not eligible, but meets our standard credit score requirements, MSO will provide further information.