Shared Ownership Mortgages

The following is a representative example based on a mortgage of £216,634 payable over 25 years initially on a discounted variable rate of 5.39% for 2 years, a further discounted variable rate of 7.04% for 4 years, followed by our Standard Variable Rate of 8.29%. In this example you would make 24 monthly payments of £1,316.13, 48 payments of £1,523.13 and 228 monthly payments of £1,668.12.

The total amount payable would be £485,303.72 made up of the loan amount plus interest of £268,394.72 and the following costs, a Chaps/Telegraphic Transfer fee (£25.00), a Valuation Fee (£200.00), and a Mortgage Exit Administration Fee (£50.00).

The overall cost for comparison is 7.6% APRC representative.

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

The following is a representative example based on a mortgage of £216,634 payable over 25 years initially on a fixed rate of 5.49% until 30th April 2027, a further discounted rate of 7.04% until 30th April 2031, followed by our Standard Variable Rate of 8.29%. In this example you would make 26 monthly payments of £1,329.03, 48 payments of £1,525.10 and 226 monthly payments of £1,671.22

The total amount payable would be £487,099.06 made up of the loan amount plus interest of £270,190.06 and the following costs, a Chaps fee (£25.00), a standard Valuation fee (£200.00) and a Mortgage Exit Administration Fee (£50.00).

The overall cost for comparison is 7.60% APRC representative.

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