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Shared Ownership

Shared Ownership is increasingly seen as a practical and flexible alternative to a traditional mortgage, with the difficulty of saving for a deposit against the scenario of rising house prices. The challenges facing first time buyers are well known - you can rely on our experienced underwriters to find the best solution for your client.

  • We lend up to 95% of the share
  • Minimum share 25% (minimum loan £50k)
  • We don't charge completion, application or CHAPS fees on our shared ownership products
  • Available for purchase and remortgage
  • 95% on New Build houses and flats (up to 5 storeys)
  • Flats above commercial property acceptable
  • Staircasing to 100%
  • 50% overpayments without penalty
  • The vendor will be a registered provider (i.e Housing Association)

Shared Ownership 3.75% 2 Year Fixed Rate 95% LTV

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  • FIXED RATE of 3.75% up until 30 September 2020 then changing to Ipswich Standard Variable Rate (currently 5.49%)
  • 5.3% APRC
  • Available to direct applicants, selected partners nationally and all intermediaries based in Suffolk, Norfolk, Essex, Cambridgeshire, Bedfordshire, Hertfordshire and Buckinghamshire. Selected partners include: Sesame (AR), PTFS (AR), Mortgage Intelligence (AR), Mortgage Next (AR), Life & Easy (AR), Intrinsic (AR), L&G Nouveau Members, L&G Nouveau2 Members, L&G (Selected Partners), SimplyBiz Mortgage, Tenet Lime
  • To establish if you/your network is a selected partner, please contact our Intermediary Sales Team on 0330 123 1073.
  • Minimum loan amount £50k

Representative example:

A mortgage of £76,00.00 payable over 25 years initially on a fixed rate until 30/09/2020 at 3.75% and then on our Standard Variable Rate currently at 5.49% for the remainder of the mortgage term would require 28 monthly payments of £390.74, followed by 272 monthly payments of £460.18.
The total amount payable would be £136,319.68 made up of the loan amount plus interest (£60,109.68), a valuation fee of £115 and a mortgage discharge fee of £95. This example assumes the mortgage funds release fee is added to the loan and that interest is charged on these fees over the mortgage term.
The overall cost for comparison is 5.3% APRC representative.

[This representative example is based on assumptions that the loan would start from 29 May 2018]

40037, 40038, 40039

 

Completion Fee Application Fee (Payable with application and non-refundable) Valuation Fee (Payable with application) Higher Lending Charge CHAPS (Fee for transfer of funds to solicitor) Maximum Loan Amount
FREE FREE Based on property valuation. Remortgage: FREE (up to max property value £1m) - FREE £350k

No charge for overpayments of up to 50% of original loan amount
Early repayment charge period ends 30 September 2020
Overpayment of 50% or above - early repayment charge is 3% of the overpayment
Redemption - early repayment charge is 3% of the original loan amount

To apply, please speak to one of our expert Mortgage Consultants, based in Ipswich, on 0330 123 0773 - we're happy to discuss your application over the telephone or, if you'd prefer, we can arrange to meet with you at one of our 9 branches across Suffolk.

In the meantime, you may find it useful to look at our mortgage calculator to get an idea of what your monthly payment may be.

To see all of our current mortgage products, please download our mortgage product rate guide.

Please note our rate guide is an Excel document. Click here to download Excel Viewer from Microsoft, where you can open, view and print Excel documents even if you don't have Excel installed.

Shared Ownership 3.25% 2 Year Discount Rate 95% LTV

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Fees
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  • VARIABLE RATE currently 5.49% with a discount of 2.24% until 2 years from completion date then changing to Ipswich Standard Variable Rate
  • 5.2% APRC
  • Available to Intermediary partners, selected partners nationally and all intermediaries based in Suffolk, Norfolk, Essex, Cambridgeshire, Bedfordshire and Hertfordshire. Selected partners include: Sesame (AR), PTFS (AR), Mortgage Intelligence (AR), Mortgage Next (AR), Life & Easy (AR), Intrinsic (AR), L&G Nouveau Members, L&G Nouveau2 Members, L&G (Selected Partners), SimplyBiz Mortgage.
  • To establish if you/your network is a selected partner, please contact our Intermediary Sales Team on 0330 123 1073.
  • Minimum loan amount £50k

Representative example (this is based on a typical purchase and does not contain all of the details you will need to choose a mortgage)
A mortgage of £76,000.00 payable over 25 years on our Standard Variable Rate currently at 5.49% with a discount of 2.24% , giving a current rate payable of 3.25% until 2 years from completion then our Standard Variable Rate for remainder of the mortgage term would require 24 monthly payments of £370.36 followed by 276 monthly payments of £459.39. The total amount payable would be £135,890.28 made up of loan amount plus interest (£59,680.28), a valuation fee of £115 and a mortgage discharge fee of £95. The overall cost for comparison is 5.2% APRC representative

[This representative example is based on assumptions that the loan would start from 29 May 2018]

35022, 35023, 35024

Completion Fee Application Fee (Payable with application and non-refundable) Valuation Fee (Payable with application) Higher Lending Charge CHAPS (Fee for transfer of funds to solicitor) Maximum Loan Amount
FREE FREE Based on property valuation. Remortgage: FREE (up to max property value £1m) FREE FREE £350k
  • Free free overpayments up to 50% of original loan
  • For overpayments over 50%, early repayment charge is 1% of the overpayment
  • Early repayment charge period ends 2 years from completion date

To apply, please speak to one of our expert Mortgage Consultants, based in Ipswich, on 0330 123 0773 - we're happy to discuss your application over the telephone or, if you'd prefer, we can arrange to meet with you at one of our 9 branches across Suffolk.

In the meantime, you may find it useful to look at our mortgage calculator to get an idea of what your monthly payment may be.

To see all of our current mortgage products, please download our mortgage product rate guide.

Please note our rate guide is an Excel document. Click here to download Excel Viewer from Microsoft, where you can open, view and print Excel documents even if you don't have Excel installed.