Shared ownership

We offer mortgages for people who want to buy a shared ownership property.  The minimum share we will consider is 40%

Product Name

The overall cost for
comparison is:

Rate structure based on our Standard
Variable Rate




Early Repayment Charges

2 year Shared Ownership Fixed Rate 3.79%

5.3% APRC

3.79% Fixed for 2 years followed by Standard Variable Rate (SVR), currently 5.29%.

Purchase & Remortgage up to 95%* Loan To Value (LTV). Minimum 5% deposit required.

*London Purchase & Remortgage up to 75% Loan To Value (LTV). Minimum 25% deposit required.

Overpayments up to 20% of the capital balance as at 1st January are allowed in each calendar year without penalty. Portable.

  • Product Fee 0.4% of advance

  • Administration Fee £125

  • Valuation Fee (scale)

  • Completion Fee £75.

3% in year 1, 2% in year 2, plus a Closing Administration Fee (currently £100).

An example: A mortgage of £118,000 taken out for a period of 30 years on a repayment basis.

Monthly instalments: £549.98 per month for 23 months, followed by £652.07 per month for 336 months.

Total amount payable: £232,887.06

Total amount of credit: £118,000

The total amount payable includes product fee £472, valuation fee £220, administration fee £125, closing fee £100 and completion fee £75.

This example is based on a typical mortgage and assumes that fees are not added to the mortgage. Please ask for a personalised illustration for your own particular requirements.

Residential Lending Criteria and Information


Size: Minimum £50,000, Maximum £500,000.
Term: Minimum 5 years, Maximum 40 years.


Minimum Value: £100,000.

Must be in England or Wales.


Age: Minimum 21, no maximum subject to income in retirement.


Household income must be at least £20,000.

No minimum period of employment, but must have passed probation, or have 3 years self-employment history

The amount we will lend will depend on the value of the property and a calculation based on income and expenditure. As a guide, we will take gross annual income and then apply a deduction for the annual amount paid towards any existing debts or other financial commitments. We apply the following multipliers to the amount remaining:

Income After Deductions

Sole Borrower

Joint Borrowers




Over £50,001



These multiples are for guidance only and do not guarantee that we will lend the amount indicated. We will carry out a full assessment of your income and expenditure to ensure that you can afford your mortgage both now and in the future.


We take a flexible approach to underwriting and will consider each case on its merits. We do not credit score. The actual rate and APRC for your case will depend on your circumstances and our assessment of the risk.

Please contact the Mortgage Sales team to discuss your requirements by calling us on 01225 475737 or by email at

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