Compare Shared Ownership mortgages
Why are you looking for a mortgage?
Santander 2 year fixed remortgage
Repayment mortgage of £160,000 over 25 years, representative APRC 3%. Repayments: 26 months of £591.48 at 0.84% (fixed), then 274 months of £770.52 at 3.35% (variable). Total amount payable £227,249.96 which includes interest of £66,500.96. Product Fee (£749) with an option to add to the loan. Early repayment charges apply. Fees are assumed to be paid upfront. Other fees may apply.
Eligibility
You must meet the following criteria in order to get this loan:
Are resident of England
Are resident of Scotland
Are resident of Northern Ireland
Are resident of Wales
Are older than 18 years
Available Direct.
Max age at term end: 75 years
Remortgage only.
Additional criteria may apply.
Santander 2 year fixed cashback remortgage
Repayment mortgage of £160,000 over 25 years, representative APRC 3%. Repayments: 26 months of £591.48 at 0.84% (fixed), then 274 months of £770.52 at 3.35% (variable). Total amount payable £227,249.96 which includes interest of £66,500.96. Product Fee (£749) with an option to add to the loan. Early repayment charges apply. Fees are assumed to be paid upfront. Other fees may apply.
Eligibility
You must meet the following criteria in order to get this loan:
Are resident of England
Are resident of Scotland
Are resident of Northern Ireland
Are resident of Wales
Are older than 18 years
Available Direct.
Max age at term end: 75 years
Remortgage only.
Additional criteria may apply.
Barclays 2 year BBR tracker cashback remortgage
Repayment mortgage of £160,000 over 25 years, representative APRC 3.2%. Repayments: 24 months of £592.19 at 0.85% (bbr tracker), then 276 months of £790.70 at 3.59% (variable). Total amount payable £233,444.76 which includes interest of £72,445.76. Product Fee (£999) with an option to add to the loan. Fees are assumed to be paid upfront. Other fees may apply.
Eligibility
You must meet the following criteria in order to get this loan:
Are resident of England
Are resident of Scotland
Are resident of Northern Ireland
Are resident of Wales
Are older than 18 years
Available Direct.
Max age at term end: 70 years
Remortgage only.
Additional criteria may apply.
Barclays 2 year BBR tracker remortgage
Repayment mortgage of £160,000 over 25 years, representative APRC 3.2%. Repayments: 24 months of £592.19 at 0.85% (bbr tracker), then 276 months of £790.70 at 3.59% (variable). Total amount payable £233,444.76 which includes interest of £72,445.76. Product Fee (£999) with an option to add to the loan. Fees are assumed to be paid upfront. Other fees may apply.
Eligibility
You must meet the following criteria in order to get this loan:
Are resident of England
Are resident of Scotland
Are resident of Northern Ireland
Are resident of Wales
Are older than 18 years
Available Direct.
Max age at term end: 70 years
Remortgage only.
Additional criteria may apply.
Nationwide 2 year fixed cashback remortgage
Repayment mortgage of £160,000 over 25 years, representative APRC 3.2%. Repayments: 24 months of £593.63 at 0.87% (fixed), then 276 months of £790.85 at 3.59% (variable). Total amount payable £234,020.72 which includes interest of £72,521.72. Product Fee (£1,499) with an option to add to the loan. Early repayment charges apply. Fees are assumed to be paid upfront. Other fees may apply.
Eligibility
You must meet the following criteria in order to get this loan:
Are resident of England
Are resident of Scotland
Are resident of Northern Ireland
Are resident of Wales
Are older than 18 years
Available Direct.
Max age at term end: 75 years
Remortgage only.
Additional criteria may apply.
Nationwide 2 year fixed remortgage
Repayment mortgage of £160,000 over 25 years, representative APRC 3.2%. Repayments: 24 months of £593.63 at 0.87% (fixed), then 276 months of £790.85 at 3.59% (variable). Total amount payable £234,020.72 which includes interest of £72,521.72. Product Fee (£1,499) with an option to add to the loan. Early repayment charges apply. Fees are assumed to be paid upfront. Other fees may apply.
Eligibility
You must meet the following criteria in order to get this loan:
Are resident of England
Are resident of Scotland
Are resident of Northern Ireland
Are resident of Wales
Are older than 18 years
Available Direct.
Max age at term end: 75 years
Remortgage only.
Additional criteria may apply.
Santander 2 year fixed remortgage
Repayment mortgage of £160,000 over 25 years, representative APRC 3%. Repayments: 26 months of £595.06 at 0.89% (fixed), then 274 months of £770.91 at 3.35% (variable). Total amount payable £227,699.90 which includes interest of £66,700.90. Product Fee (£999) with an option to add to the loan. Early repayment charges apply. Fees are assumed to be paid upfront. Other fees may apply.
Eligibility
You must meet the following criteria in order to get this loan:
Are resident of England
Are resident of Scotland
Are resident of Northern Ireland
Are resident of Wales
Are older than 18 years
Available Direct.
Max age at term end: 75 years
Remortgage only.
Additional criteria may apply.
Nationwide 3 year fixed remortgage
Repayment mortgage of £160,000 over 25 years, representative APRC 3%. Repayments: 36 months of £595.06 at 0.89% (fixed), then 264 months of £782.15 at 3.59% (variable). Total amount payable £228,908.76 which includes interest of £67,909.76. Product Fee (£999) with an option to add to the loan. Early repayment charges apply. Fees are assumed to be paid upfront. Other fees may apply.
Eligibility
You must meet the following criteria in order to get this loan:
Are resident of England
Are resident of Scotland
Are resident of Northern Ireland
Are resident of Wales
Are older than 18 years
Available Direct.
Max age at term end: 75 years
Remortgage only.
Additional criteria may apply.
Nationwide 3 year fixed cashback remortgage
Repayment mortgage of £160,000 over 25 years, representative APRC 3%. Repayments: 36 months of £595.06 at 0.89% (fixed), then 264 months of £782.15 at 3.59% (variable). Total amount payable £228,908.76 which includes interest of £67,909.76. Product Fee (£999) with an option to add to the loan. Early repayment charges apply. Fees are assumed to be paid upfront. Other fees may apply.
Eligibility
You must meet the following criteria in order to get this loan:
Are resident of England
Are resident of Scotland
Are resident of Northern Ireland
Are resident of Wales
Are older than 18 years
Available Direct.
Max age at term end: 75 years
Remortgage only.
Additional criteria may apply.
Santander 2 year fixed cashback remortgage
Repayment mortgage of £160,000 over 25 years, representative APRC 3%. Repayments: 26 months of £595.06 at 0.89% (fixed), then 274 months of £770.91 at 3.35% (variable). Total amount payable £227,699.90 which includes interest of £66,700.90. Product Fee (£999) with an option to add to the loan. Early repayment charges apply. Fees are assumed to be paid upfront. Other fees may apply.
Eligibility
You must meet the following criteria in order to get this loan:
Are resident of England
Are resident of Scotland
Are resident of Northern Ireland
Are resident of Wales
Are older than 18 years
Available Direct.
Max age at term end: 75 years
Remortgage only.
Additional criteria may apply.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
What is a shared ownership mortgage?
The shared ownership scheme is a government home buying scheme designed to help people get on the property ladder. It is particularly aimed at those who can’t afford the mortgage on an entire home. With shared ownership, you own part of the property you buy and pay rent on the remaining share.
How does shared ownership work?
Housing associations allow you to buy a share of between 25% and 75% of the cost of a home. You will then pay rent on the remaining share.
Shared ownership mortgages often allow for lower deposits. With standard mortgages, you can expect to pay a deposit of 10-20%, whereas shared ownership mortgages often require you to only stump up 5% of the property's value.
What is staircasing?
If you'd like to increase the share of your home over the course of your mortgage term, you can do so via a process known as staircasing.
For example, if you have a 25% share of a property, you can choose to increase your stake by a further 25%. This means overall you would own 50% of the property and will only need to pay rent on the remaining 50%.
To staircase, you will need to contact your housing association and tell them you intend to staircase. They will value your property and offer you the shares at the cost of your current property.
Do I qualify?
The shared ownership scheme isn’t open to everyone. You need to be a first time buyer, someone who used to own a home but can’t afford one anymore, or someone with an existing shared ownership home looking to move.
There are also salary restrictions on how much you can earn. It is open to people with a salary lower than £80,000 per year, or £90,000 per year in London.
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