5.35% Fixed Rate Shared Ownership Mortgage for 2 Years

Capital & Interest

No application or arrangement fees

The interest rate on this product will not drop below 2.00%.

One Free Valuation

Minimum Loan: £30,000

Maximum Loan: £500,000 at 95% LTV, £750,000 at 80% LTV, £1,000,000 at 70% LTV, £1,500,000 at 65% LTV, £2,000,000 at 50% LTV (Loans over £500,000 will be considered on an individual basis)

Purchase 95%.
Remortgage 95%.

Available for properties located in England and Wales

The Society will pay a procuration fee of 0.35% on completion to the intermediary.

This product is available for new mortgage customers only.

If this mortgage is repaid in full or in part during the first 2 years an early repayment charge will apply. This will be 2% of the balance repaid during this period. Example – The maximum early repayment charge you could pay is £1,980.00 based on £99,000.00.

Overpayments of up to 10% of the mortgage balance are permitted each anniversary year for the first 2 years and may be made by monthly standing order. Any additional overpayments above 10% during this period will attract a penalty calculated on the amount of the additional payments.

A mortgage of £99,000.00 payable over 25 years initially on a Fixed Rate of 5.35% for 2 Years and then on our Standard Variable Rate (SVR) of 8.24% (variable) for the remaining 276 months would require 24 monthly payments of £599.11 and 276 monthly payments of £768.71. The total amount payable would be £226,701.52 made up of the loan amount plus interest (£127,541.52), a funds transfer fee of £35.00 and a mortgage exit fee of £125.00.
The overall cost for comparison is 7.9% APRC representative^

Call us on 01782 255000 (selecting option 1 – Hanley Intermediaries then option 1 – New business enquiries).

Lines are Open 9.00am to 5.00pm Monday to Friday (Wednesday 9.30am to 5.00pm).