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Shared Ownership Mortgages
We are supporting the Government’s Shared Ownership scheme. This scheme allows you to purchase part of a home and pay rent for the remaining share.
Our mortgages
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Shared Ownership - 2 Year Discount 95% LTV
Initial Interest Rate
5.29%
Maximum Loan To Value (LTV)
95%
Overall Cost for Comparison
7.24%
Product Code
R343
The following is a representative example based on a mortgage of £180,000 payable over 25 years initially on a discounted variable rate of 5.29% for 2 years, a further discounted variable rate of 6.39% for 4 years, followed by our Standard Variable Rate of 8.14%. In this example you would make 1 monthly payment of £1,898.31, 22 monthly payments of £1,089.52, 48 payments of £1,195.85, 224 monthly payments of £1,357.81 and 1 monthly payment of £490.91.
The total amount payable would be £387,958.90 made up of the loan amount plus interest of £207,908.90 and the following cost, a Mortgage Exit Administration Fee (£50.00).
The overall cost for comparison is 7.24% APRC representative.
Note: What you will pay may vary from this and will depend on your personal circumstances.