Please note:

Shared Ownership/Shared Equity Mortgages

We know Shared Ownership works for customers, that's why in 2021 we were the number one lender for Shared Ownership illustrations on Twenty7Tec.[1]

You can find information on our key criteria, our products and how to submit a case below.

Shared Ownership key criteria:

  • Up to 95% LTV on the borrower’s share for new builds and resales
  • We accept the greater of 10 units or 25% of the total Shared Ownership properties on a post code
  • Clients must be able to staircase up to 100% ownership

For full details of our Shared Ownership criteria, view our criteria guide.

Why use us?

  • Dedicated product range
  • Products available for remortgages and product transfers
  • Experienced underwriters are on hand to help with more complex cases
  • Online DIP and affordability assessment 
  • Awarded 'What Mortgage’ Best Shared Ownership Lender six years running

[1] Based on YTD Shared Ownership illustrations, figures taken up to 06/10/2021

AVAILABLE TO INTERMEDIARIES ONLY

2 Year Shared Ownership Fixed Rate Mortgages

Initial fixed rate up to and inc. 31/10/24Then the Society's SVR less 1.25% discount up to and inc. 31/10/27, (currently)Then the Society's SVR thereafter, (currently)Overall cost for comparison (APRC)Max LTVBorrower share availableProduct Fee
3.37% 4.29%5.54%5.1%75%90%£999 View
Max loan amount £500,000
3.62% 4.29%5.54%5.0%75%90%£0 View
Max loan amount £500,000
3.82% 4.29%5.54%5.1%75%95%£0 View
Max loan amount £400,000
RATES CORRECT AS AT 1 july 2022

Representative Example

A mortgage of £85,000.00 payable over 25 years initially on a fixed rate for 2 years at 3.82% and then a 1.25% discount on our current Standard Variable Rate of 5.54% giving a rate of 4.29% for 3 years and then on our current Standard Variable Rate of 5.54% for the remaining 20 years would require 24 monthly payments of £439.85, 36 monthly payments of £460.45 and 240 monthly payments of £511.35.

The total amount payable would be £149,892.60 made up of the loan amount plus interest of £64,857.60 and application fee £0, product fee £0, valuation fee £0, funds transfer fee £35.

The overall cost for comparisons is 5.1% APRC representative.

This representative example assumes a mortgage completion date on the 1st day of a calendar month.

The above representative example is for illustration purposes only and may vary depending on your personal circumstances.

Key details about this product range

  • Unless otherwise indicated, these products are only available for house purchases or for customers remortgaging from another lender.
  • A product fee is payable on application (where applicable) but is refundable should the mortgage not complete.
  • A mortgage exit fee of £199 will apply.
  • Tapered Early Repayment Charges may apply.
  • Interest calculated daily.
  • These products are not available to interest only applications.
  • The products and services on this site are available to UK residents only.
  • Mortgage applicants must be 18 years or over.
  • Mortgages are subject to eligibility, status and financial standing.

For more detail about specific products, visit the links in the table above.

5 Year Shared Ownership Fixed Rate Mortgages

Initial fixed rate up to and inc. 31/10/27Then the Society's SVR thereafter, (currently)Overall cost for comparison (APRC)Max LTVBorrower share availableProduct Fee
3.54% 5.54%4.9%75%85%£0 View
Max loan amount £750,000
3.64% 5.54%4.8%75%90%£0 View
Max loan amount £500,000
3.89% 5.54%5.1%75%95%£0 View
Max loan amount £400,000
RATES CORRECT AS AT 1 july 2022

Representative Example

A mortgage of £90,000.00 payable over 25 years initially on a fixed rate for 5 years at 3.89% and then on our current Standard Variable Rate of 5.54% (variable) for the remaining 20 years would require 60 monthly payments of £469.17 and 240 monthly payments of £539.38.

The total amount payable would be £157,636.90 made up of the loan amount plus interest of £67,601.90 and application fee £0, product fee £0, valuation fee £0, funds transfer fee £35.

The overall cost for comparison is 5.1% APRC representative.

This representative example assumes a mortgage completion date on the 1st day of a calendar month.

The above representative example is for illustration purposes only and may vary depending on your personal circumstances.

Key details about this product range

  • Unless otherwise indicated, these products are only available for house purchases or for customers remortgaging from another lender.
  • A product fee is payable on application (where applicable) but is refundable should the mortgage not complete.
  • A mortgage exit fee of £199 will apply.
  • Tapered Early Repayment Charges may apply.
  • Interest calculated daily.
  • These products are not available to interest only applications.
  • The products and services on this site are available to UK residents only.
  • Mortgage applicants must be 18 years or over.
  • Mortgages are subject to eligibility, status and financial standing.

For more detail about specific products, visit the links in the table above.

2 Year Shared Equity Fixed Rate Mortgages

Initial fixed rate up to and inc. 31/10/24Then the Society's SVR less 1.25% up to and inc. 31/10/27, (currently)Then the Society's SVR thereafter, (currently)Overall cost for comparison (APRC)Max LTVProduct Fee
3.75% 4.29%5.54%5.0%75%£799 View
Max loan amount £2,000,000
4.00% 4.29%5.54%5.0%90%£0 View
Max loan amount £500,000
RATES CORRECT AS AT 1 july 2022

Representative Example

A mortgage of £120,000.00 payable over 25 years initially on a fixed rate for 2 years at 4.00% and then a 1.25% discount on our current Standard Variable Rate of 5.54% giving a rate of 4.29% for 3 years and then on our current Standard Variable Rate of 5.54% for the remaining 20 years would require 24 monthly payments of £632.81, 36 monthly payments of £650.87 and 240 monthly payments of £722.82.

The total amount payable would be £212,129.46 made up of the loan amount plus interest of £92,094.46 and application fee £0, product fee £0, valuation fee £0, funds transfer fee £35.

The overall cost for comparisons is 5.0% APRC representative.

This representative example assumes a mortgage completion date on the 1st day of a calendar month.

The above representative example is for illustration purposes only and may vary depending on your personal circumstances.

Key details about this product range

  • Unless otherwise indicated, these products are only available for house purchases or for customers remortgaging from another lender.
  • A product fee is payable on application (where applicable) but is refundable should the mortgage not complete.
  • A mortgage exit fee of £199 will apply.
  • Tapered Early Repayment Charges may apply.
  • Interest calculated daily.
  • These products are not available to interest only applications.
  • The products and services on this site are available to UK residents only.
  • Mortgage applicants must be 18 years or over.
  • Mortgages are subject to eligibility, status and financial standing.

For more detail about specific products, visit the links in the table above.

5 Year Shared Equity Fixed Rate Mortgages

Initial fixed rate up to and inc. 31/10/27Then the Society's SVR thereafter, (currently)Overall cost for comparison (APRC)Max LTVProduct Fee
3.90% 5.54%4.8%75%£0 View
Max loan amount £2,000,000
3.95% 5.54%4.8%85%£0 View
Max loan amount £750,000
RATES CORRECT AS AT 1 july 2022

Representative Example

A mortgage of £120,000.00 payable over 25 years initially on a fixed rate for 5 years at 3.95% and then on our current Standard Variable Rate of 5.54% (variable) for the remaining 20 years would require 60 monthly payments of £629.51 and 240 monthly payments of £719.95.

The total amount payable would be £210,592.67 made up of the loan amount plus interest of £90,557.67 and application fee £0, product fee £0, valuation fee £0, funds transfer fee £35.

The overall cost for comparison is 4.8% APRC representative.

This representative example assumes a mortgage completion date on the 1st day of a calendar month.

The above representative example is for illustration purposes only and may vary depending on your personal circumstances.

Key details about this product range

  • Unless otherwise indicated, these products are only available for house purchases or for customers remortgaging from another lender.
  • A product fee is payable on application (where applicable) but is refundable should the mortgage not complete.
  • A mortgage exit fee of £199 will apply.
  • Tapered Early Repayment Charges may apply.
  • Interest calculated daily.
  • These products are not available to interest only applications.
  • The products and services on this site are available to UK residents only.
  • Mortgage applicants must be 18 years or over.
  • Mortgages are subject to eligibility, status and financial standing.

For more detail about specific products, visit the links in the table above.

 

 



We have developed a set of short, easy-to-use guides to our criteria.

View our criteria guides »

Any questions?

Please contact your nearest Development Manager. Find your nearest Development Manager »