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How shared ownership helped Julie

Julies' story

Julie didn’t think she’d ever be able to buy her own home until she started researching shared ownership.


Understanding shared ownership

What is shared ownership and how does it work?

schedule 3 min read

Read the guide 

What are the costs of buying a shared ownership property?

schedule 3 min read

Read the guide

How does stamp duty work for shared ownership?

schedule 4 min read

Read the guide 

What is leasehold and what does it mean?

schedule 3 min read

Read the guide 

How do I buy more of my shared ownership home?

schedule 3 min read

Read the guide 

How do i sell my shared ownership home?

schedule 3 min read

Read the guide 

Mortgage toolkit

Mortgage guides

First time buyers guide

Getting to grips with buying a home.

Learn more
How much can I borrow?

How much can I borrow?

Let's do the maths.

Try our calculator
Can I apply?

Can I apply?

Check out what you'll need to apply.

Find out more

Search our shared ownership mortgages

Our mortgage finder will help you find a mortgage deal that works for you.

Search for a mortgage

Fill in the boxes to get a feel for how much your monthly payments could be.

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Fixed Rate Mortgages

?What do these terms mean? Click here
  • Shared Ownership 2 Year Fixed Rate Mortgage 95% LTV
  • Initial Rate 5.45% Fixed
  • Overall Cost for Comparison 6.3% APRC
  • Initial Estimated Monthly Payments £*
  • Booking Fee £0
  • Completion Fee £0
  • Early Repayment Charge Y
  • More info and how to apply

    • End Date

      31/08/2028

      Reversion Rate

      6.24% Variable for Term**

    • Early Repayment Charges

      2.5% of amount repaid until 31/08/2027, followed by 1.5% of amount repaid until 31/08/2028 plus interest to the date of redemption. Following the above period, interest will be charged to the date of redemption. You can make overpayments below £1,000 each calendar month without incurring early repayment charges.

      Fees and charges
      How to apply
  • Shared Ownership 3 Year Fixed Rate Mortgage 95% LTV
  • Initial Rate 5.45% Fixed
  • Overall Cost for Comparison 6.2% APRC
  • Initial Estimated Monthly Payments £*
  • Booking Fee £0
  • Completion Fee £0
  • Early Repayment Charge Y
  • More info and how to apply

    • End Date

      31/08/2029

      Reversion Rate

      6.24% Variable for Term**

    • Early Repayment Charges

      3.5% of amount repaid until 31/08/2027, followed by 2.5% of amount repaid until 31/08/2028, followed by 1.5% of amount repaid until 31/08/2029 plus interest to the date of redemption. Following the above period, interest will be charged to the date of redemption. You can make overpayments below £1,000 each calendar month without incurring early repayment charges.

      Fees and charges
      How to apply
  • Shared Ownership 5 Year Fixed Rate Mortgage 95% LTV
  • Initial Rate 5.49% Fixed
  • Overall Cost for Comparison 6.1% APRC
  • Initial Estimated Monthly Payments £*
  • Booking Fee £0
  • Completion Fee £0
  • Early Repayment Charge Y
  • More info and how to apply

    • End Date

      31/08/2031

      Reversion Rate

      6.24% Variable for Term**

    • Early Repayment Charges

      5.5% of amount repaid until 31/08/2027, followed by 4.5% of amount repaid until 31/08/2028, followed by 3.5% of amount repaid until 31/08/2029, followed by 2.5% of amount repaid until 31/08/2030, followed by 1.5% of amount repaid until 31/08/2031 plus interest to the date of redemption. Following the above period, interest will be charged to the date of redemption. You can make overpayments below £1,000 each calendar month without incurring early repayment charges.

      Fees and charges
      How to apply

*Initial estimated monthly payments are calculated based on the figures entered above on a capital and interest repayment basis.
**For owner occupier mortgages, the actual variable rate applied will be based on the value of your property relative to the outstanding mortgage balance (this is known as the Loan to Value (LTV)). However, this rate will never be higher than the Society’s Standard Variable Rate at that time. For further details about what happens to your interest rate when your mortgage offer period ends, click here.

We’ll instruct a mortgage valuation. This is for our own use only. The cost of the valuation is set out in the product features. Where you feel you need more information about the property including its condition, there are three additional types of survey available to you: Home Survey Level 1 (Previously known as a Condition Report), Level 2 (Previously known as a Home Buyers’ Survey) and Level 3 (Previously known as a Building Survey). You’ll need to decide which level is best for you. For further details please visit rics.org

Representative example

A mortgage of £240,000 payable over 35 years initially on a fixed rate for two years at 5.99% and then on our current standard variable rate of 6.24% (variable) for the remaining 33 years would require an initial payment of £2,587.82, 25 monthly payments of £1,366.84 and 394 monthly payments of £1,366.84.

The total amount payable would be £590,804.78, made up of the loan amount plus interest (£350,679.78), and an account management fee (£125 - paid upon redemption).

The overall cost for comparison is 6.4% APRC representative.

This representative example assumes mortgage payments are made on the 1st day of a calendar month.

The above representative example is for illustration purposes only and may vary depending on your personal circumstances.

Contact us

Get in touch

Whether you have a question or are ready to take the first step, we're happy to help.

0345 241 3785

schedule 8:30am to 6:00pm Monday to Friday
schedule 8:30am to 12:30pm on Saturday

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