Shared Ownership 3 Year Fixed

Our 3 Year Mortgage offers a fixed rate of 3.94% for a period of 3 years from completion.  Thereafter the interest rate will revert to the Society's prevailing standard variable mortgage interest rate, currently 5.34%. The SVR interest rate charged won't fall below 2%.

Initial rate Overall cost for
Max % LTV Completion
3.94% 5.1% APRC 95% £0 View

Representative example

A Mortgage of  £179,674.00, payable over 21 years and 5 months (257 months) initially on a fixed rate for 3 years (36 months) of 3.94% and then on our current standard variable rate of 5.34% for the remaining 18 years and 5 months (221 months) would require 36 monthly payments of £1,036.17 then 221 monthly payments of £1,157.79. The total amount payable would be £294,012.90 made up of the loan amount plus interest (£114,083.90) and a £30.00 CHAPS fee, £105.00 legal fees, and £120.00 mortgage exit administration fee. The overall cost for comparison is 5.1% representative APRC.

Key Features


Minimum £25,000: Maximum £300,000

Loan to Value (LTV)

Maximum 95% of the share to be purchased


Minimum 3 years: Maximum 35 years


This product is available for the purchase 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.

Repayment Method

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

Important Information

The SVR interest rate charged cannot fall below 2%.

Early Repayment Charge Fees How to apply