Shared Ownership Mortgages

The following is a representative example based on a mortgage of £157,152 payable over 25 years initially on a fixed rate of 5.75% until 30th April 2025, a further discounted rate of 7.49% until 30th April 2030, followed by our Standard Variable Rate of 8.74%. In this example you would make an initial payment of £1,247.87, 18 monthly payments of £1,000.30, 60 payments of £1,165.40 and 221 monthly payments of £1,272.60.

The total amount payable would be £370,696.87 made up of the loan amount plus interest of £213,269.87 and the following costs, a Chaps/Telegraphic Transfer fee (£25.00), a Valuation Fee (£175.00), and a Mortgage Exit Administration Fee (£75.00).

The overall cost for comparison is 8.30% 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 £230,000 payable over 25 years initially on a discounted variable rate of 6.09% for 2 years, a further discounted variable rate of 7.49% for 4 years, followed by our Standard Variable Rate of 8.74%. In this example you would make 24 monthly payments of £1,494.57, 48 payments of £1,686.35 and 228 monthly payments of £1,844.04.

The total amount payable would be £538,579.60 made up of the loan amount plus interest of £307,255.60 and the following costs, a Scheme Fee of (£999.00), a Chaps/Telegraphic Transfer fee (£25.00), a Valuation Fee (£225.00), and a Mortgage Exit Administration Fee (£75.00).

The overall cost for comparison is 8.10% APRC representative.

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