3 year discount shared ownership 90% LTV [SD28]

Discounted for 3 years

Early Repayment Charges apply.

This product may be withdrawn at any time.

arrangement fee
This fee can be paid upfront or added to the mortgage amount. If the fee is added to the mortgage then interest will be payable on the fee at the same rate as the mortgage.
booking fee
This fee must be paid on application. We are unable to accept payment of the fee by credit card.
no fee
initial rate
2.25% discount from our SVR for 3 years
followed by our SVR 5.24%
The overall cost for comparison is 4.9% APRC

Product key features

Product related fees

A £495 arrangement fee applies to this product. This can be paid up front by deducting the fee from the mortgage amount or added to the amount borrowed.

If your client chooses to add the fee to their mortgage they will pay interest on the fee at the same rate as the mortgage.

Mortgage amounts

There is a minimum mortgage amount of £50,000.

This product has a maximum mortgage amount of £250,000.

The maximum loan to value for this product is 90% of the share of the purchase property.


The mortgaged property

Shared ownership products are available up to 90% loan to value on both new build houses and apartments of no more than five storeys. Your client must purchase a minimum property share of 25% or a maximum property share of 75%.

Applications can only be considered where the Housing Association permits additional borrowing, or 'staircasing', up to 100% of the property value.

There is a minimum property value of £100,000 for this product. This increases to £250,000 for properties located within the M25 corridor.

Interest rate floor

The interest rate is floored and cannot fall below 2.99%.

Mortgage repayment terms

The minimum repayment term is 5 years and the maximum repayment term is 35 years.

Early Repayment Charges

Your client can overpay up to 10% of the original mortgage amount each calendar year without charge. If the amount repaid exceeds this limit, including at redemption or switching products they will be liable for an Early Repayment Charge.

Your clients Early Repayment Charge will be:

  • 3% of the amount repaid during the first year;
  • 2% of the amount repaid during the second year; and
  • 1% of the amount repaid during the third year
Our Head of Mortgage Sales, Richard is happy to help 0121 521 4000* Getting in touch
Our lines are open:
Monday - Friday9:00 - 17:00
Saturday - SundayClosed
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Here to help you

  • Talk about your clients needs
  • Help with your existing cases
  • Discuss our lending criteria
  • Discuss affordability
"Thank you for your help and assistance in this case, it takes me back to the good old days of everything being manually underwritten." Peter Matthews
Charles Derby Mortgage Bureau

Your home may be repossessed if you do not keep up repayments on your mortgage.