Shared Ownership Mortgage Providers

Shared Ownership Deal - NatWest 2 Year Fixed »NatWest Mortgages

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1.74%Reverts to 3.75% after 2 years


Overall Cost for Comparison 3.90% APRC. This is the cost of the mortgage over the full term. Early redemption charges may apply.

Provider

Type

Initial Interest Rate

Initial Term

Max LTV*Product Fee 
Fixed
Shared Ownership

1.74%

Reverts to 3.75%

2

Years

60%

YesMore Info >
Early redemption charges may apply. Overall Cost for Comparison 3.90% APRC. This is the cost of the mortgage over the full term.
Fixed
Shared Ownership

2.63%

Reverts to 3.75%

2

Years

75%

NoMore Info >
Early redemption charges may apply. Overall Cost for Comparison 3.690% APRC. This is the cost of the mortgage over the full term.
Fixed
Shared Ownership

2.63%

Reverts to 3.75%

2

Years

75%

YesMore Info >
Early redemption charges may apply. Overall Cost for Comparison 3.90% APRC. This is the cost of the mortgage over the full term.

Representative Example:


A repayment mortgage of £120,000 payable over 28 years and 1 month initially on a fixed rate for 2 years at 1.99% and then on the lender current variable rate of 3.69% (variable) for the remaining 26 years and 1 month would require 24 monthly payments of £465.20 and 312 monthly payments of £565.39 and one final payment of £565.19.


The total amount payable would be £189,357.67 made up of the loan amount plus interest (£68,161.67), booking fee (£999), completion fee (£30) and valuation fee (£197).


In this example the overall cost for comparison is 3.7% APRC representative.


YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

Shared Ownership Mortgage Providers

The Government has begun to introduce a number of schemes in order to offer people the chance to get onto the property ladder, such as the shared ownership mortgage. Providers offer finance on a part buy/part rent scheme and before shared ownership mortgage providers accept you, you may have to satisfy certain criteria such as:

  • The scheme you opt for must be through a registered social landlord
  • You will still need a deposit even though you're only buying part of the property
  • The lease must contain an adequate mortgagee protection clause which protects the shared mortgage ownership provider in the event you miss your repayments and fall into arrears or even if you face repossession.
  • The initial share of the property you purchase must usually be at least 25%

Check out the table below for some of the latest mortgage deals, or click on the link and fill in our FREE mortgage quotes form - an experienced advisor will contact you with details of the best options for your personal circumstances, including any deals available from shared ownership mortgage providers.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

The above mortgage products highlighted on this website are available directly through lenders who will be able to provide further information about the product you are interested in. If you are unsure about what mortgage product is suitable for you, we suggest you speak to an independent mortgage broker