3.29% Five Year Fixed Shared Ownership
Interest Rates

3.29%

Representing a Fixed Rate of 3.29% for the first five years, changing to our Residential Standard Variable Rate which is currently 4.99%

4.3% APRC

(The overall cost for comparison)

Main Features

Available for: Purchase and Remortgage 

Min/Max Adv: £25,000/£1,000,000

Max Loan To Value: 95% of share

Arrangement Fee: £0 

Valuation Fee: Payable on application. See Valuation Fee leaflet

Application Fee: £125

Early Repayment Charge (ERC): 3% of the current balance in the first two years and 1% for the remaining three years 

Overpayments: 10% of the advance amount can be repaid per annum for five years without incurring a charge. A 3% charge is due on any amount repaid that exceeds 10% per annum for the first two years and a 1% charge in the following three years.

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

Other Features: N/A

Please note that we will consider the following:

  • Guarantor mortgages (max 75% LTV)
  • Self-employed applicants with only 2 year's accounts (Max 75% LTV)
  • Joint borrower, sole proprietor
Representative Example

A mortgage of £243,184 payable over 20 years initially on a fixed rate for 5 years at 3.29% and then on our current Residential Standard Variable Rate of 4.99% (variable) for the remaining 15 years would require 60 monthly payments of £1,384.27 and 180 monthly payments of £1,552.57 plus one initial interest payment of £679.52.

The total amount payable would be £363,923.32 made up of the loan amount plus interest (£120,014.32) and Valuation Fee (£450), CHAPS Fee (£25)Application Fee (£125) and Discharge Fee (£125).

The overall cost for comparison is 4.3% APRC representative.