Shared Ownership Mortgages

The following is a representative example based on a mortgage of £230,000 payable over 25 years initially on a discounted variable rate of 5.94% for 2 years, a further discounted variable rate of 7.34% for 4 years, followed by our Standard Variable Rate of 8.59%. In this example you would make 24 monthly payments of £1,473.47, 48 payments of £1,663.92 and 228 monthly payments of £1,820.44.

The total amount payable would be £531,590.76 made up of the loan amount plus interest of £300,291.76 and the following costs, a Scheme Fee of (£999.00), a Chaps/Telegraphic Transfer fee (£25.00), a Valuation Fee (£200.00), and a Mortgage Exit Administration Fee (£75.00).

The overall cost for comparison is 8.0% 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 November 2026, a further discounted rate of 7.34% until 30th November 2030, followed by our Standard Variable Rate of 8.59%. In this example you would make 27 monthly payments of £1,329.03, 48 payments of £1,561.27 and 225 monthly payments of £1,706.71.

The total amount payable would be £496,133.52 made up of the loan amount plus interest of £278,200.52 and the following costs, a Scheme Fee (£999), a Chaps fee (£25.00), a standard Valuation fee (£200.00) and a Mortgage Exit Administration Fee (£75.00).

The overall cost for comparison is 7.80% APRC representative.

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