Shared Ownership Mortgages available up to 95% share, 75% loan to value.
Shared ownership mortgages allow you to buy a share of the property and pay rent on the remaining portion, usually to a housing association, when property is not affordable to purchase outright. Should affordability allow, individuals can gradually increase towards full ownership over time, a process known as staircasing.
Our shared ownership mortgages are available on qualifying properties across England and Wales with pre-approved housing associations registered with the Homes and Communities Agency or Help to Buy Wales Ltd.
All mortgage applications are assessed on a case by case basis by our mortgage team without the use of automated credit scoring systems.
Term | 5 years |
Initial Rate1 | 3.89% |
Overall Cost For Comparison2 | 5.2% APRC |
MAX LTV3 | 95% of the share being purchased, 75% property value |
Early Repayment Charge | 3% |
Product Fees | £199 application fee |
A mortgage of £185,250.00 payable over 35 years initially on a fixed rate of 3.89% for 5 years and then on our current standard variable rate of 5.60% for the remaining 30 years would require 59 monthly payments of £808.97 and 360 monthly payments of £985.76; plus one initial interest payment of £612.04
The total amount payable would be £403,913.87 made up of the loan amount, plus interest and fee(s) totalling £218,663.87. This includes: Application Fee (£199), Chaps Fee (£25), Legal Fees (£350) and Redemption Administration Fee (£125).
The overall cost for comparison is 5.2% APRC representative.
Your home may be repossessed if you do not keep up repayments on your mortgage
Want to ask us a specific question? Enquire online here or phone us on 01623 676345
Our intermediaries website is for use by authorised intermediaries only.
Please click on the link below to proceed
Continue to intermediaries site