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Mortgage product
information.

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

Mortgage details

Initial rate

5.25%

Rate Type

Fixed

Rate Term

5 year

APRC

7.7%

Standard rate

FIXED RATE of 5.25% until 5 years following completion date, then changing to Suffolk Standard Variable Rate (currently 8.69%) for the remainder of the term

Fees

Application Fee:
£199

Completion Fee:
£999

Valuation Fee:
Free

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

For full details of our valuation fees, please contact us.

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 £164,500.00 payable over 35 years initially on a fixed rate until 5 years from completion date at 5.25%, then on our Standard Variable Rate currently at 8.69% for the remainder of the mortgage term. This would require 60 monthly payments of £862.01, followed by 360 monthly payments of £1,221.38. The total amount payable would be £491,711.40 made up of the loan amount plus interest (£490,383.40), an application fee of £199, a completion fee of £999, a mortgage funds release fee of £35 and a mortgage exit fee of £95. The overall cost for comparison is 7.7% APRC representative.

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