Looking for Ipswich Building Society? You’re in the right place – we’ve changed our name! Welcome to Suffolk Building Society. Find out more.

Mortgage product
information.

Shared Ownership 5 Year Fixed Rate – for purchase, remortgage or staircasing up to 95% LTV

Mortgage details

Initial rate

3.99%

Rate Type

Fixed

Rate Term

5 year

APRC

4.8%

Standard rate

FIXED RATE of 3.99% for 60 months following completion date then reverting to Suffolk Standard Variable Rate (currently 5.24%) for the remainder of the term.

Fees

Application Fee:
Free

Completion Fee:
Free

Valuation Fee:
N/A

CHAPS (Fee for transfer of funds to solicitor):
£35

Maximum loan

£500,000

Maximum LTV

95%

Additional information

Fee free over-payments up to 50% of original loan. Early repayment charge of 5% applies until 5 years from completion.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

Representative example

A mortgage of £101,886.00 payable over 24 years initially on a fixed rate until 5 years from completion date at 3.99%, then on our Standard Variable Rate currently at 5.24% for the remainder of the mortgage term. This would require 60 monthly payments of £550.52, followed 228 monthly payments of £609.50. The total amount payable would be £172,092.20 made up of the loan amount plus interest (£70,062.20), a mortgage funds release fee of £35 and a mortgage discharge fee of £95. The overall cost for comparison is 4.8% APRC representative.

Get started

Enquire now.










    Your browser is out-of-date.

    Welcome to our new website. This site is not fully supported in Internet Explorer.
    Please download one of the browsers below to continue using this website.

    • Google Chrome
    • Microsoft Edge