Skip to main content
Shared Ownership

Why choose us?

We have worked with the Homes and Communities Agency for many years. We can lend to anybody in England and Wales and are proud to support the Shared Ownership scheme.

Studio flats and properties above commercial considered as other lenders may steer away from clients who look to purchase these types of properties. Please call the Society before submitting, to discuss your case.

Incomes come in all shapes and sizes, so we can consider clients on  new and future contracts, and ignore probationary periods. This applies as long as they are permanently employed.

WHAT WE CAN OFFER

  • Maximum LTV - 95%
  • Minimum customer deposit 5% (Forces Help to Buy and family gifted deposits accepted)
  • Fixed and variable rate options available
  • Terms up to 40 years
  • Builder's incentive up to 5% 

(subject to lending criteria and affordability)

Shared Ownership, 3 Year Fixed Rate Mortgage 5% Deposit 4.59% Fixed
4.59% 4.99% 5.0% APRC 95% N/A £99

Key Features

Fixed rate

A fixed rate of 4.​59% for the first 3 years (fixed until 14/​10/2021). It then changes to our Standard Variable Rate, which is currently 4.99%, and remains on our variable rate terms for the rest of the mortgage.

The overall cost for comparison is 5.0% APRC.

What you Pay

  • Daily interest.
  • An application fee of £99 (non-refundable) is payable with the application.
  • The first valuation fee for properties worth more than £800,000.

Early repayment charge

An Early Repayment Charge of 3% on the amount repaid will be applied for the duration of the product term. You can overpay by up to 10% of the loan outstanding per calendar year without charge.

What we Pay

  • The first valuation fee for properties worth less than £800,000.
  • £100 cashback for NEU members upon completion.

Who can apply and more information

  • Available for home purchase and remortgage applications.

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

Representative Example

A mortgage of £150,000 over 28 years initially on a fixed rate of 4.59% (ending on 14th October 2021) and then our Standard Variable Rate of 4.99% for the remaining term, would require 38 monthly payments of £793.87 and 298 monthly payments of £823.90.

The total amount payable would be £276,034.69 made up of the loan amount plus interest (£125,708.19) with a funds transfer fee of £25, mortgage application fee of £99, legal fees of £117.50 and a mortgage exit fee of £85.

The overall cost for comparison is 5.0% APRC representative.

Call us today on 0800 378 669

This product may be withdrawn or amended at any time, without prior notice

Shared Ownership, 3 Year Variable Rate Mortgage 5% Deposit 3.99% Variable
3.99% 4.99% 4.9% APRC 95% N/A £99

Key Features

Variable rate

A variable rate, currently 3.​99%, which is discounted by 1.00% from our Standard Variable Rate for the first 3 years. It then changes to our Standard Variable Rate, which is currently 4.99%, and remains on our variable rate terms for the rest of the mortgage.

The overall cost for comparison is 4.9% APRC representative.

What you Pay

  • Daily interest.
  • An application fee of £99 (non-refundable) is payable with the application.
  • A valuation fee is payable. 
 

Early repayment charge

An Early Repayment Charge of 3% on the amount repaid will be applied for the duration of the product term. You can overpay by up to 10% of the loan outstanding per calendar year without charge.

What we Pay

  • £100 cashback for NEU members upon completion.

Who can apply and more information

  • Available for home purchase applications only.

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

Representative Example

A mortgage of £150,000 payable over 28 years initially on a discounted variable rate of 3.99% (equal to a 1.00% discount off our SVR) for 3 years and then our Standard Variable Rate, currently 4.99%, for the remaining term, would require 36 monthly payments of £741.97 and 300 monthly payments of £821.16.

The total amount payable would be £273,796.87 made up of the loan amount plus interest (£123,075.37) with a funds transfer fee of £25, mortgage application fee of £99, basic valuation fee of £395 legal fees of £117.50 and a mortgage exit fee of £85.

The overall cost for comparison is 4.9% APRC representative.
 

Call us today on 0800 378 669

This product may be withdrawn or amended at any time, without prior notice

Shared Ownership, 3 Year Variable Rate Remortgage 5% Deposit 3.99% Variable
3.99% 4.99% 4.9% APRC 95% N/A £99

Key Features

Variable rate

A variable rate, currently 3.​99%, which is discounted by 1.00% from our Standard Variable Rate or the first 3 years. It then changes to our Standard Variable Rate, which is currently 4.99%, and remains on our variable rate terms for the rest of the mortgage.

The overall cost for comparison is 4.9% APRC representative.

What you Pay

  • Daily interest.
  • An application fee of £99 (non-refundable) is payable with the application.
  • A valuation fee is payable for all properties worth £800,000 or more.

Early repayment charge

An Early Repayment Charge of 3% on the amount repaid will be applied for the duration of the product term. You can overpay by up to 10% of the loan outstanding per calendar year without charge.

What we Pay

  • We will pay £250 towards the legal costs and this will be sent directly to your solicitor on completion of the mortgage.
  • The first valuation fee for properties worth less than £800,000.
  • £100 cashback for NEU members upon completion.

Who can apply and more information

  • Available for remortgage ​applications only.

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

Representative Example

A mortgage of £150,000 payable over 28 years initially on a discounted variable rate of 3.99% (equal to a 1.00% discount off our SVR) for 3 years and then our Standard Variable Rate, currently 4.99%, for the remaining term, would require 36 monthly payments of £741.97 and 300 monthly payments of £821.16.

The total amount payable would be £273,796.87 made up of the loan amount plus interest (£123,075.37) with a funds transfer fee of £25, mortgage application fee of £99, basic valuation fee of £395 legal fees of £117.50 and a mortgage exit fee of £85.

The overall cost for comparison is 4.9% APRC representative.

Call us today on 0800 378 669

This product may be withdrawn or amended at any time, without prior notice

Want to have a chat with someone?

You can arrange a call back, send us a message or get straight through to the friendly team on 0800 378 669.

Find out more

How much could your client borrow?

Use our handy mortgage calculator to find out how much we may be able to lend you.