2 year discount shared ownership 90% LTV

Discounted until 30/11/2019.

Early Repayment Charges apply.

This product may be withdrawn at any time.

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arrangement fee
This can be paid up-front or added to the mortgage. Bear in mind that if you add the fee to your mortgage, you'll pay interest on it at the same rate as your mortgage and as a result will pay more interest over the term of your mortgage.
no fee
booking fee
This fee must be paid when you apply for your mortgage.
no fee
initial rate
1.65% discount from our Standard Variable Rate until 30 November 2019.
followed by our SVR
Our Standard Variable Rate (or SVR) reflects our cost of lending using a number of factors, including the Bank of England Base Rate. As the SVR is a variable rate it can change at any time.
the overall cost for comparison is 4.5% APRC

Product key features

Product incentives

Free standard valuation: We will cover the cost of one standard mortgage valuation on the purchase property.

Free standard legal fees: We will pay for your standard legal fees if you use our solicitors. If you choose to use your own solicitors we will provide you with a cashback of £150. Our solicitors will only act on our behalf and therefore will not provide you with independent advice regarding the mortgage transaction. If you are likely to be liable for any non-standard legal fees we will advise you of this.

Mortgage amounts

There is a minimum mortgage amount of £50,000. This product offers a maximum mortgage amount of £250,000.

The maximum loan to value available on this product is 90% of the share of the property.

Mortgage repayment terms

You can repay your mortgage over a minimum of 5 years and a maximum of 35 years.

Property restrictions

You will be able to borrow up to 90% of the value of the share of the property you are looking to purchase.

There is a minimum property share of 25% and a maximum property share of 75%.

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

The minimum property valuation is £100,000 this increases to £250,000 for properties located within the M25 corridor.

Interest rate floor

Your interest rate is discounted from our Standard Variable Rate and cannot fall below 2.99%.

Early Repayment Charges

Up to 10% of the original mortgage amount can be repaid each year without charge. If the mortgage is redeemed or switched to another product during the discount rate product term then the full amount of the Early Repayment Charge will apply.

The Early Repayment Charge will be:

  • 3% of the amount repaid until 30/11/2017;
  • 2% of the amount repaid until 30/11/2018; and
  • 1% of the amount repaid until 30/11/2019.
Mortgage tariff of charges

The mortgage tariff of charges details the various fees and charges that may apply during the term of your mortgage.

Representative example

A mortgage of £100,000 payable over 25 years initially on a discounted variable rate until 30 November 2019, currently 3.09% (equal to a 1.65% discount from our SVR) and then our SVR, currently 4.74% for the remaining term would require an initial payment of £487.40 followed by 28 monthly payments of £478.91 and 271 monthly payments of £561.72.

The total amount payable would be £166,273.00 made up of the mortgage amount plus interest (£66,123.00) with a telegraphic transfer fee of £25 and mortgage exit fees of £125.

The overall cost for comparison is 4.5% APRC representative.

Matt, from our mortgage team is here to help 0121 557 2551* or arrange a callback
Our branches are open:
Monday - Tuesday09:00 - 17:00
Wednesday09:30 - 17:00
Thursday - Friday09:00 - 17:00
Saturday09:00 - 12:00
*Calls from landlines are charged at the standard rate. Calls from mobiles may vary.

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Our mortgage customers say...

"You soon get to know the people you are dealing with, which helps to take the stress out of your mortgage." Mrs Main
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Our mortgage customers say...

"My experience with the Society has allowed me to get a mortgage I am happy with and I know they are only at the other end of the phone if and when I need them." Miss Savell-Boss
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Your home may be repossessed if you do not keep up repayments on your mortgage.