2 year fixed shared ownership 90% LTV

Fixed until 31/08/2019.

Early Repayment Charges apply.

This product may be withdrawn at any time.

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.
booking fee
This fee must be paid when you apply for your mortgage.
no fee
initial rate
3.39% fixed rate until 31 August 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 4.7% APRC

Product key features

Product incentives

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 remortgage transaction. If you are likely to be liable for any non-standard legal fees we will advise you of this.

Product related fees

There is an arrangement fee of £999. You can add the fee to the amount you borrow or pay the fee up front by deducting the fee from the mortgage amount.

If you add the fee to your mortgage you will pay interest on the fee at the same rate as your mortgage.

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.

There is a minimum property value amount of £100,000 increasing to £250,000 for properties located within the M25 corridor.

Early Repayment Charges

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

The Early Repayment Charge will be:

  • 2% of the amount repaid until 31/08/2018; and
  • 1% of the amount repaid until 31/08/2019.
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 £71,188 payable over 30 years initially on a fixed rate of 3.39% until 31 August 2019 and then our SVR, currently 4.74% for the remaining term would require an initial payment of £326.45 followed by 26 monthly payments of £319.73 and 333 monthly payments of £372.59.

The total amount payable would be £133,111.90 made up of the mortgage amount plus interest (£61,524.40) with an arrangement fee of £999, a mortgage valuation fee of £250, a telegraphic transfer fee of £25 and mortgage exit fees of £125.

The overall cost for comparison is 4.7% 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.

We are happy to help you...

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  • Answer any questions
  • Discuss your existing account
  • Book an appointment

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.