5.49% Shared Ownership Variable Discount Mortgage for 2 Years
This shows what you'll pay each month during your initial deal period. It doesn't consider any charges or fees if you decide to make any changes to your mortgage. Please note this is only an estimate.
5.49% Shared Ownership Variable Discount Mortgage for 2 Years
Initial Pay Rate
5.49%
Loan to Value
95%
APRC
8.1%
Fees
None
Information
Early Repayment Charge: No
Incentives: Yes
Things you need to know
Capital & Interest
No Application or Arrangement Fees
The interest rate on this product will not drop below 2.00%.
Free Valuation
£250 cashback will be paid to your solicitors on completion of the mortgage.
Minimum Loan: £30,000 Maximum Loan: £1,000,000 at 60% LTV, £1,250,000 at 50% LTV.
Purchase 95%
Remortgage 95%
Available for properties located in England & Wales
This product is available for new mortgage customers only
No Early Repayment Charges apply
Overpayments may be made by monthly standing order
A mortgage of £227,709.00 payable over 25 years initially on a discounted variable rate of 5.59% for 2 years and then on our Standard Variable Rate (SVR) of 8.49% (variable) for the remaining 23 years would require 24 monthly payments of £1,410.60 and 276 monthly payments of £1,806.43. The total amount payable would be £532,587.66 made up of the loan amount plus interest (£304,718.66), a Funds transfer fee of £35.00 and a Mortgage Exit Fee of £125.
The overall cost for comparison is 8.1% 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)
Mortgage Enquiry
Call us on 01782 255000 or complete the form below and a member of our team will be in touch
