Please note:

5 Year Shared Ownership Fixed Rate Mortgage

RATES CORRECT AS AT 01 October 2024

Initial rate
4.52%
Fixed up to and inc. 31/01/2030

Then changing to the Society's SVR, (currently)
8.24%
For the remaining term of the mortgage

The overall cost for comparison is
6.9%
APRC

Maximum loan to value
75%

FEES AND CHARGES WILL APPLY, SOME OF WHICH ARE NON-REFUNDABLE, SEE BELOW.

Representative Example

A mortgage of £147,000.00 payable over 25 years initially on a fixed rate for 5 years at 4.52% and then on our current Standard Variable Rate of 8.24% (variable) for the remaining 20 years would require 60 monthly payments of £817.94 and 240 monthly payments of £1098.73.

The total amount payable would be £313,805.60 made up of the loan amount plus interest of £165,771.60 and application fee £0, product fee £999, valuation fee £0, funds transfer fee £35.

The overall cost for comparison is 6.9% 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.

Additional features

  • Interest calculated daily.
  • Maximum loan £700,000.
  • Not Portable.
  • Not Available in Scotland.
  • Available between 25% - 75% LTV.
  • Free standard valuation up to £999.
  • This product is not available to interest only applications.
  • 10% capital repayments are allowed each year during the fixed rate period without incurring an Early Repayment Charge.
  • Tapered Early Repayment Charges apply up to and including 31 Jan 2030.
  • 90% borrower share available.

Fees

Application Fee (payable on application - non-refundable)

£0

Product Fee (payable on application - this is refundable should the mortgage not complete)

£999

Mortgage Exit Fee

£199

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