Help To Buy is an affordable home ownership scheme which could make it easier for you to get on the property ladder. Our Shared Ownership mortgages are designed to help you buy an initial share of between 30-75% of a home and pay an affordable rent on the remaining share, through shared ownership with a Housing Association. You have the option to buy a larger share at a later date.
The mortgages listed below move on to our Standard Variable Rate, currently 4.9% (variable), after the initial rate period. There may be a limit on how low your interest rate can fall. This is called an ‘interest rate floor’. The interest rate floor applicable to your loan will be specified in your loan documentation.
| Product name |
Initial rate i |
Overall cost for comparison i |
Max % LTV i |
Product fee i |
Mortgage repayment |
|
|---|---|---|---|---|---|---|
| Shared Ownership fixed for 2 years See example | 3.59% | 4.8% APRC | 95% | N/A |
£XXX.xx
per month
See details
|
|
|
Representative example: A mortgage of £104,000 taken out for a period of 25 years on a repayment basis. Monthly instalments: £526.77 per month for 23 months, followed by £599.85 per month for 276 months. Total amount payable: £178,204.31 Total amount of credit: £104,000 The total amount payable includes administration fee £125, valuation fee £230, product fee £0, completion fee £75 and closing fee £100. The overall cost for comparison is 4.8% representative APRC. This example is based on a typical mortgage and assumes that fees are not added to the mortgage. Please ask for a personal illustration for your own particular requirements. |
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| Shared Ownership fixed for 3 years See example | 3.79% | 4.80% APRC | 95% | N/A |
£XXX.xx
per month
See details
|
|
|
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Mortgage Conditions
Tariff of Mortgage Fees
