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Scottish Building Society extends new build offer

Ryan Fowler

October 30, 2019

Scotland lockdown

Scottish Building Society has extended the offer period on new build properties to six months

The Society offers up to 90% LTV on new build flats and houses. Applicants eligible for Professional Mortgages (accountants, actuaries, dentists, doctors, lawyers, pharmacists and vets) can borrow up to 95%.

Paul Alexander, head of business development and sales strategy, said, ‘In response to feedback from our intermediaries, we are pleased to be able to extend the eligibility period for new build offers. This, combined with our ability to lend up to 95% loan to value on new build houses and flats means we may be able to lend when mainstream lenders cannot.’

Loans up to £500,000 are available.


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