Buying a home
Shared Ownership 2 Year Discount

Our 2 Year Mortgage offers a discount of 2.85% off our standard variable rate, currently 5.34%, for a period of 2 years from completion and during this time the interest rate charged won't fall below 1.5%, followed by our standard variable rate applicable at that time. The interest rate charged won't fall below 2%.

Initial rate Overall cost for
Max % LTV Completion
2.49% 5.0% APRC 95% £0 View

Representative example

A Mortgage of £93,338.00, payable over 27 years and 1 months (325 months) initially on a discounted rate for 2 years (24 months) of 2.49% and then on our current standard variable rate of 5.34% for the remaining 25 years and 1 months (301 months) would require 24 monthly payments of £395.12 then 301 monthly payments of £533.51. The total amount payable would be £170,533.58 made up of the loan amount plus interest (£76,940.58) with a £30.00 CHAPS fee, £105.00 legal fees and £120.00 mortgage exit administration fee. The overall cost for comparison is 5.0% representative APRC.

Key Features


Minimum £25,000: Maximum £300,000

Loan to Value (LTV)

Maximum 95% of the share to be purchased

Maximum 90% of the share to be re-mortgaged


Minimum 2 years: Maximum 35 years


This product is available for the purchase or re-mortgage of Shared Ownership residential property in mainland England and Wales for the applicants own use. All applications are subject to the Society’s general lending criteria, property valuation and satisfactory status enquiries. This product is a limited edition and cannot be guaranteed until an application has been received.  

The Society will not lend on flats, apartments or maisonettes purchased through Shared Ownership.


The mortgage product may be transferred to a new mortgage arranged by the borrower(s) subject to the Society’s lending criteria.

Valuation fee

The Society will pay the cost of a standard mortgage valuation.

Repayment Method

Applications will only be accepted on a capital and interest basis.

Important Information

During the discounted period the interest rate charged won't fall below 1.5%.

Early Repayment Charge Fees How to apply