Newbury Building Society pledges to support their mortgage customers who are accepted into the Government's Homes for Ukraine scheme
The Government have launched a bespoke scheme, which offers a route to those who want to come to the UK and have someone willing to provide them with a home. It allows individuals, charities, community groups and businesses in the UK to host Ukrainian refugees, fleeing from war, including those with no family ties to the UK.
More information about the scheme can be found on the following gov.uk webpages:
Lenders and their trade bodies, UK Finance and the Building Societies Association, have worked closely with the Government on the scheme details, with the objective of it being quick and simple to join, enabling homeowners with mortgages to participate easily. It is important that (although requirements may vary from lender to lender) borrowers accepted as sponsors let their lenders know of their intention and once the application from the sponsor and refugee/refugees has been accepted, as participation in the scheme requires lenders to waive standard terms and conditions relating to additional occupiers.
Melanie Mildenhall, Head of Customer Service at Newbury Building Society said:
"As a mortgage lender we are committed to supporting our borrowers wanting to offer space in their homes to refugees and are accepted into the scheme. Our focus will be on helping our members by keeping the consent process as simple as possible, to ensure refugees are settled as soon as possible. There are a few exceptions being made, depending on the status of borrowers and their account, so it is important borrowers contact us if they intend to participate in the scheme."
If you have any questions regarding this scheme and your mortgage with us, or are intending to participate, please contact our dedicated customer payment support team by emailing, telephoning 01635 555588 or requesting a call back.