3 year fixed rate shared ownership 90% LTV [SF45]

Fixed until 30/04/2023

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This product may be withdrawn at any time.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
3.29% fixed rate until 30 April 2023
followed by our SVR 5.24%
The overall cost for comparison is 4.9% APRC

Product key features

Product related fees

An arrangement fee of £495 applies to the mortgage. This fee can be added to the mortgage amount or paid upfront by deducting the fee from the amount borrowed.

Mortgage amounts

There's a minimum mortgage amount of £50,000 and 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 lending is 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%.

We can only consider applications where the Housing Association will allow 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.

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 they choose to repay more than this, including at redemption or switching products they will be liable for an Early Repayment Charge.

Your clients Early Repayment Charge will be:

  • 4% of the amount repaid until 30/04/2020;
  • 3% of the amount repaid until 30/04/2021;
  • 2% of the amount repaid until 30/04/2022; and 
  • 1% of the amount repaid until 30/04/2023.
Faye is here to help you with your case 0121 521 4000* Getting in touch
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"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.