5.49% Shared Ownership Variable Discount Mortgage for 2 Years

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: £500,000 at 95%, £750,000 at 80% LTV, £1,000,000 at 70% LTV, £1,500,000 at 65% LTV, £2,000,000 at 50% LTV (Loans over £500,000 will be considered on an individual basis)

Purchase 95%.
Remortgage 95%.

Available for properties located in England, Wales and Scotland (Selected Scottish Islands accepted, please refer to criteria).

The Society will pay a procuration fee of 0.35% on completion to the intermediary.

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 £104,053.00 payable over 25 years initially on a discounted variable rate of 5.49% 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
£638.36 and 276 monthly payments of £824.98. The total amount payable would be £243,174.60 made up of the loan
amount plus interest (£138,961.60), 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).