Oldham Mortgage Scheme

The Oldham Mortgage aims to help suitable first time buyers by allowing them to access 95 per cent mortgages.

Under the scheme, in partnership with Lloyds TSB, if a potential buyer meets the lender's strict credit requirements and the Council’s criteria, an indemnity would be provided by the Council to the lender to reduce the typical deposit requirement – in some cases from 25 per cent to five per cent.

The potential buyer would get a 95 per cent mortgage on similar terms to a 75 per cent mortgage. The indemnity would be for the first five years, when there is most risk of repossession. 

Visit your local branch of Lloyds TSB for more information.


Lloyds TSB Oldham
16 Market Place
Oldham, OL1 1JG
Tel 0845 300 0000