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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
5.40%
Maximum Loan To Value (LTV)
95%
Overall Cost for Comparison
7.27%
Product Code
DP512
The following is a representative example based on a mortgage of £180,000 payable over 25 years initially on a discounted variable rate of 5.40% 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 payment of £1,926.93, 22 monthly payments of £1,101.40, 48 payments of £1,196.58, 224 monthly payments of £1,358.63 and 1 payment of £490.58.
The total amount payable would be £388,685.27 made up of the loan amount plus interest of £208,417.27 and the following costs, a CHAPS/Telegraphic Transfer Fee (£25.00), a Valuation Fee (£193.00), and a Mortgage Exit Administration Fee (£50.00).
The overall cost for comparison is 7.27% APRC representative.
Note: What you will pay may vary from this and will depend on your personal circumstances.