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Hints & Tips - Concessionary Purchases

A concessionary purchase should be selected as the source of deposit where the purchase price has been reduced to below the current market value due to a sale and purchase between family members, or sale to a sitting tenant by a landlord. Please include a note of the product required, the property market value, and the reason for the reduced purchase price in the comments section of the Intermediary details page.

Further information is provided in our Lending Guide:

Concessionary Purchases

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For the use of mortgage intermediaries and other professionals only.

For independent information on mortgages, visit the FSA website 'money made clear'.

If you do not have professional experience, you should not rely on the information contained in this communication. If you are a professional and you reproduce any part of the information contained in this communication, to be used with or to advise private clients, you must ensure it conforms to the Financial Services Authority's advising and selling rules.

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