Shared Ownership Mortgages

We’re proud to have a common sense approach to lending – with each case being manually underwritten. This means that throughout the process, we’re able to offer flexibility to support you and your clients with direct access to an underwriter.


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Shared Ownership Mortgages

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Shared Ownership - Fixed Rate 90% LTV (fixed until 30.04.2025)

Initial Interest Rate

5.75%

Maximum Loan To Value (LTV)

90%

Overall Cost for Comparison

8.30%

Product Code

IP164

The following is a representative example based on a mortgage of £157,152 payable over 25 years initially on a fixed rate of 5.75% until 30th April 2025, a further discounted rate of 7.49% until 30th April 2030, followed by our Standard Variable Rate of 8.74%. In this example you would make an initial payment of £1,247.87, 18 monthly payments of £1,000.30, 60 payments of £1,165.40 and 221 monthly payments of £1,272.60. 

The total amount payable would be £370,696.87 made up of the loan amount plus interest of £213,269.87 and the following costs, a Chaps/Telegraphic Transfer fee (£25.00), a Valuation Fee (£175.00), and a Mortgage Exit Administration Fee (£75.00).

The overall cost for comparison is 8.30% APRC representative.

Note: What you will pay may vary from this and will depend on your personal circumstances.

Shared Ownership - 2 Year Discount 90% LTV

Initial Interest Rate

6.09%

Maximum Loan To Value (LTV)

90%

Overall Cost for Comparison

8.10%

Product Code

IP252

The following is a representative example based on a mortgage of £230,000 payable over 25 years initially on a discounted variable rate of 6.09% for 2 years, a further discounted variable rate of 7.49% for 4 years, followed by our Standard Variable Rate of 8.74%. In this example you would make 24 monthly payments of £1,494.57, 48 payments of £1,686.35 and 228 monthly payments of £1,844.04.

The total amount payable would be £538,579.60 made up of the loan amount plus interest of £307,255.60 and the following costs, a Scheme Fee of (£999.00), a Chaps/Telegraphic Transfer fee (£25.00), a Valuation Fee (£225.00), and a Mortgage Exit Administration Fee (£75.00).

The overall cost for comparison is 8.10% APRC representative.

Note: What you will pay may vary from this and will depend on your personal circumstances.