Please note, the Online Banking Portal will be unavailable from 7am - 2pm on Sunday 14th July due to site maintenance.

Please note, the Online Banking Portal will be unavailable from 7am - 2pm on Sunday 14th July due to site maintenance.

Please note, the Online Banking Portal will be unavailable from 7am - 2pm on Sunday 14th July due to site maintenance.

5.49% Shared Ownership Variable Discount Mortgage for 2 Years

5.49% Shared Ownership Variable Discount Mortgage for 2 Years

Initial Pay Rate

5.49%

Loan to Value

94%

APRC

7.1%

Fees

None

Product Code

MDS283

Information

Early Repayment Charge:

Incentives:

Things you need to know

Repayment Basis

Capital & Interest

Fees

No application or arrangement fees

Minimum Interest Rate

The interest rate on this product will not drop below 2.00%.

Incentives

Free Valuation
£250 cashback will be paid to your solicitors on completion of the mortgage.

Loan Size

Minimum Loan: £30,000 Maximum Loan: £500,000@75% LTV,£1,000,000 @ 60% LTV, £1,250,000 @ 50% LTV

Maximum Loan to Value

Purchase 95%.
Remortgage 95%.

Property Location

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

Procuration Fee

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

Availability

This product is available for new mortgage customers only.

Early Repayment Charges

No Early Repayment Charges apply

Overpayments

Overpayments may be made by monthly standing order

Representative Example

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^

Find out More or Apply

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).

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