Shared Ownership Mortgages

The following is a representative example based on a mortgage of £216,634 payable over 25 years initially on a discounted variable rate of 5.84% for 2 years, a further discounted variable rate of 7.24% for 4 years, followed by our Standard Variable Rate of 8.49%. In this example you would make 24 monthly payments of £1,374.67, 48 payments of £1,553.21 and 228 monthly payments of £1,699.89.

The total amount payable would be £496,420.08 made up of the loan amount plus interest of £278,487.08 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 7.9% 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 7.24% until 30th November 2030, followed by our Standard Variable Rate of 8.49%. In this example you would make 24 monthly payments of £1,329.03, 48 payments of £1,550.11 and 228 monthly payments of £1,696.50.

The total amount payable would be £494,403.00 made up of the loan amount plus interest of £276,470.00 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.