Available for: Shared Ownership Further Advances only

Min/Max Adv: £5,000/£1,000,000

Max Loan To Value: 75% LTV subject to not exceeding 95% of share.  

Arrangement Fee: None 

Valuation Fee: A revaluation fee of £150 may be applicable  

Application Fee: £80

Early Repayment Charge (ERC): 1% of the current balance for the first year and 0.5% for years two and three

Overpayments:   10% of the advance amount can be repaid per annum for three years without incurring a charge. A 1% charge is due on any amount repaid that exceeds 10% per annum in the first year and a 0.5% charge for years two and three

Restrictions: The mortgage must be repaid on a capital & interest basis 

Confirmation from the Housing Association must be obtained in all cases and additional borrowing for shared ownership can only be considered for purchase of additional/final shares and for home improvements. Additional borrowing for home improvements is allowed up to 95% of the current value of the share owned.

Other Features: N/A

Please note that we will consider the following:

• Guarantor mortgages (max 75% LTV)
• Self-employed applicants with only 1 year's accounts (Max 75% LTV)
• Joint borrower, sole proprietor (up to product LTV limit)