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Shared Ownership

If you have an existing shared ownership mortgage with us you may be able to borrow more money against your property, subject to consent from your housing association.

Important things you need to know:

  • You can purchase a share of up to 75% of the property from your housing association
  • For anything over 75%, you'd need to staircase to 100% ownership of the property. As you'd own 100% of the property, you'd no longer be eligible for a shared ownership mortgage. We'd treat this as a new residential mortgage application
  • If you’re borrowing to buy additional shares we’ll lend up to 90% of the value of your new share including your existing mortgage
  • If you’re borrowing for any other reason we’ll lend up to 90% of the value of your existing share
  • We don't allow additional borrowing for debt consolidation on shared ownership mortgages

Your property could be repossessed if you don't keep up your mortgage repayments.

2 Year Shared Ownership Fixed Rate Mortgage

Initial fixed rate up to and inc. 31/08/2027Then changing to the Society's SVR less a discount of 0.75%, up to and inc. 31/08/2030, (currently)Then changing to the Society's current Standard Variable Rate (SVR) for the remaining term of the mortgageOverall cost for comparison (APRC)Borrower share availableProduct Fee
4.68% 7.24%7.99%7.4%90%£0
Max loan amount £700,000
RATES CORRECT AS AT 10 may 2025

Representative Example

A mortgage of £15,000.00 payable over 25 years initially on a fixed rate for 2 years at 4.68% and then a 0.75% discount on our current Standard Variable Rate of 7.99% giving a rate of 7.24% for 3 years and then on our current Standard Variable Rate of 7.99% for the remaining 20 years would require 24 monthly payments of £84.83, 36 monthly payments of £106.69 and 240 monthly payments of £112.91.

The total amount payable would be £32,975.16 made up of the loan amount plus interest of £17,975.16 and application fee £0, product fee £0, valuation fee £0, funds transfer fee £35.

The overall cost for comparisons is 7.4% 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.

This example has been calculated on a Capital & Interest repayment method. The monthly payments, total amount payable and interest charged all reflect this calculation method.

Additional Features

  • Maximum loan amount £600,000.
  • For fixed rates up to and including 31 August 2027 tapered Early Repayment Charges apply up to and including 31 August 2027.
  • Free standard valuation up to £999.

3 Year Shared Ownership Fixed Rate Mortgage

Initial fixed rate up to and inc. 31/08/2028Then changing to the Society's SVR less a discount of 0.75%, up to and inc. 31/08/2030, (currently)Then changing to the Society's current Standard Variable Rate (SVR) for the remaining term of the mortgageOverall cost for comparison (APRC)Borrower share availableProduct Fee
5.09% 7.24%7.99%7.2%90%£0
Max loan amount £700,000
RATES CORRECT AS AT 10 may 2025

Representative Example

A mortgage of £15,000.00 payable over 25 years initially on a fixed rate for 3 years at 5.09% and then a 0.75% discount on our current Standard Variable Rate of 7.99% giving a rate of 7.24% for 2 years and then on our current Standard Variable Rate of 7.99% for the remaining 20 years would require 36 monthly payments of £88.39, 24 monthly payments of £106.31 and 240 monthly payments of £112.51.

The total amount payable would be £32,735.88 made up of the loan amount plus interest of £17,735.88 and application fee £0, product fee £0, valuation fee £0, funds transfer fee £35.

The overall cost for comparisons is 7.2% 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.

This example has been calculated on a Capital & Interest repayment method. The monthly payments, total amount payable and interest charged all reflect this calculation method.

Additional Features

  • Maximum loan amount £600,000.
  • For fixed rates up to and including 31 August 2028 tapered Early Repayment Charges apply up to and including 31 August 2028.
  • Free standard valuation up to £999.

5 Year Shared Ownership Fixed Rate Mortgage

Initial fixed rate up to and inc. 31/08/2030Then changing to the Society's current Standard Variable Rate (SVR) for the remaining term of the mortgageOverall cost for comparison (APRC)Borrower share availableProduct Fee
4.59% 7.99%6.7%90%£0
Max loan amount £700,000
RATES CORRECT AS AT 10 may 2025

Representative Example

A mortgage of £15,000.00 payable over 25 years initially on a fixed rate for 5 years at 4.59% and then on our current Standard Variable Rate of 7.99% (variable) for the remaining 20 years would require 60 monthly payments of £84.06 and 240 monthly payments of £110.19.

The total amount payable would be £31,489.20 made up of the loan amount plus interest of £16,489.20 and application fee £0, product fee £0, valuation fee £0, funds transfer fee £35.

The overall cost for comparison is 6.7% 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.

This example has been calculated on a Capital & Interest repayment method. The monthly payments, total amount payable and interest charged all reflect this calculation method.

Additional Features

  • Maximum loan amount £600,000.
  • Free standard valuation up to £999.

Variable Rate Shared Ownership

The Society's SVR applies for the term of the mortgage (currently)Overall cost for comparison (APRC)Maximum loan to value (LTV)Borrower share availableProduct Fee
7.99%8.3%75%90%£0
Max loan amount £600,000
RATES CORRECT AS AT 10 may 2025

Representative Example

A mortgage of £62,000 payable over 25 years on our Standard Variable Rate for the mortgage term of 25 years at our current rate of 7.99% (variable) would require 300 monthly payments of £477.63.

The total amount payable would be £143,324.98 made up of the loan amount plus interest of £81,289.98 and application fee £0, product fee £0, valuation fee £0, funds transfer fee £35.

The overall cost for comparison is 8.0% 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.

This example has been calculated on a Capital & Interest repayment method. The monthly payments, total amount payable and interest charged all reflect this calculation method.

Additional Features

  • Maximum loan amount £600,000.
  • Free standard valuation up to £999.

Our mortgage calculators

Affordability calculator

Get an idea of how much you could borrow, based on your income and spending.

Repayment calculator

Work out how much you'd need to pay each month towards your mortgage.

Book an appointment

If you need help or support with an existing application, call us on 03450 505 075.

If you want to speak to someone in our mortgage team about a new application, book a telephone appointment online using the 'book an appointment' button.

During your appointment, you'll be asked some questions to help us understand your circumstances and assess affordability. Based on the information you give us, our qualified advisor will recommend the most suitable product for you.