- Savings
SavingsSave regularly, from as little as £5 per month.
- Loans
LoansHelping you by offering a range of loans for a variety of purposes, direct from your payroll.
- Mortgages
MortgagesHelping the police family to get on and remain on the property ladder.
- Financial Wellbeing
Financial WellbeingSome of our top tips to help you manage your money even better.
- Services and Support
Services and SupportFind more information on the additional services or support we offer.
- About Us
About UsFind out more about the biggest police credit union in the UK.
- Savings
- SavingsSave regularly, from as little as £5 per month.
- Loans
- LoansHelping you by offering a range of loans for a variety of purposes, direct from your payroll.
- Mortgages
- MortgagesHelping the police family to get on and remain on the property ladder.
- Financial Wellbeing
- Financial WellbeingSome of our top tips to help you manage your money even better.
- Services and Support
- Services and SupportFind more information on the additional services or support we offer.
- About Us
- About UsFind out more about the biggest police credit union in the UK.
We’ve improved our mortgage product range!
We’re excited to announce we’ve improved our mortgage product range. Our maximum mortgage term has been extended to 35 years, and we have also launched mortgages for the Help to Buy: Equity Loan scheme! We’ve extended the maximum term on our mortgages to help members who prefer to spread the cost over a longer period. The Help to Buy: Equity Loan scheme has been launched to support members, buying a new build home, with the funding of their deposit.
How does the Help to Buy: Equity Loan scheme work?
The Help to Buy: Equity Loan scheme was created by the Government to help people with their mortgage deposit. Through this scheme, the Government will lend you up to 20% (or up to 40% in Greater London) of the cost of your new-build property. The applicant needs to have at least 5% of the property value as a deposit. The rest then needs to be funded through a mortgage with a lender. We’re offering mortgages on this scheme to to any member of the Credit Union who is buying a new-build property in England.
The following table and diagram provide examples of how this scheme is broken down. It explains how much you would need to save for a deposit, how much you could potentially borrow on the equity loan and the value of the mortgage you would need to apply for.
Why borrow from us?
- You will be assigned one of our friendly in-house Mortgage Advisers who will guide you through the process every step of the way.
- All mortgage applications are personally assessed by our Mortgage Advisers, who do not focus solely on your credit score. This means that if your credit score isn’t as high as you would like, we may still be able to help, assuming the repayments are affordable.
- We don’t charge commission and there are no application or arrangement fees when you apply for a mortgage with us.
We are pleased to be able to help more of our members get on to the property ladder and help finance their dream home through the extending our maximum mortgage term and launching the Help to Buy: Equity Loan scheme. If you are interested in discussing any of our new updates or existing products with one of our mortgage advisers, feel free to call the office on 0161 741 3160 or you can Request a Call Back at a time that suits you.
| YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. |
Slater House, Oakfield Road,
Cheadle Royal Business Park,
Cheshire, SK8 3GX
Cheadle Royal Business Park,
Cheshire, SK8 3GX
Stay in touch
Copyright © 2024 No1 CopperPot Credit Union
Number One Police Credit Union Limited trading as No1 CopperPot Credit Union is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Firm Reference Number (FRN) 213301. For details visit http://www.fca.org.uk