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Shared Ownership


We've always support initiatives to help first time buyers get on the property ladder and have been lending on shared ownership mortgages for a number of years.

If you have clients looking for a practical and flexible alternative to a traditional mortgage, speak to us. We offer shared ownership mortgages for purchase and remortgage, up to a maximum of 95% of the share including on new build houses and flats. What's more, we'll also accept gifted deposits on loans up to 90% LTV of the share and there are no completion, application or CHAPS fees on our products.

Shared Ownership 3.25% 2 Year Fixed Rate 90% LTV

About
Fees
Apply
  • FIXED RATE of 3.25% until 30/11/2023, then reverting to 3.50% (Ipswich SVR minus 1.74%) until 28/02/2027 then changing to Ipswich Standard Variable Rate (currently 5.24%)
  • 4.5% APRC
  • For purchase and remortgage up to 90% LTV

40138, 40139, 40140

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
£0 £0 FREE £35 £500k

No charge for overpayments of up to 50% of original loan amount
Overpayment of 50% or above - Early repayment charge is 3% of the overpayment
Redemption - Early repayment charge is 3% until 30/11/2023

For remortgage only: fee assisted legals

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.

Restricted to selected intermediaries only. If you are unsure whether you have access to this product please give our intermediary sales team a call on 0330 123 1073.

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Shared Ownership 3.74% 2 Year Fixed Rate 95% LTV

About
Fees
Apply
  • FIXED RATE of 3.74% until 30/11/2023, then reverting to 3.50% (Ipswich SVR minus 1.74%) until 28/02/2027 then changing to Ipswich Standard Variable Rate (currently 5.24%)
  • 4.6% APRC
  • For purchase and remortgage up to 95% LTV

40141, 40142, 40143

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
£0 £0 FREE £35 £500K

No charge for overpayments of up to 50% of original loan amount
Overpayment of 50% or above - Early repayment charge is 3% of the overpayment
Redemption - Early repayment charge is 3% until 30/11/2023

For remortgage only: fee assisted legals

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.

Restricted to selected intermediaries only. If you are unsure whether you have access to this product please give our intermediary sales team a call on 0330 123 1073.

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Shared Ownership 3.99% 5 Year Fixed Rate 95% LTV

About
Fees
Apply
  • FIXED RATE of 3.99% up until 5 years from date of completion then changing to Ipswich Standard Variable Rate (currently 5.24%)
  • 4.8% APRC
  • For purchase and remortgage up to 50% LTV

40144, 40145, 40146

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
£0 £0 FREE £35 £500K

No charge for overpayments of up to 50% of original loan amount
Early repayment charge period ends 5 years from date of completion
Overpayment of 50% or above - Early repayment charge is 5% of the overpayment
Redemption - Early repayment charge is 5% of the original loan amount

For remortgage only: fee assisted legals

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.

Restricted to selected intermediaries only. If you are unsure whether you have access to this product please give our intermediary sales team a call on 0330 123 1073.

n/a

Key features of our shared ownership mortgages

  • Loans available up to 95% of the share with a minimum advance of £75,000
  • Minimum share is 25%
  • We welcome staircasing to 100% where the applicant increases their mortgage borrowing in order to purchase more shares in their property
  • Available for purchase or remortgage from a shared ownership loan from another lender
  • No completion, application or valuation fees
  • All deals feature fee free overpayments up to 50% of original loan amount
  • No maximum age limit
  • Flats accepted up to 10 storeys
  • Employed, self employed, pension investment and rental income considered when assessing affordability
  • New build houses accepted
  • We can assess zero hour contract workers with 18 months' employment history
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