2 Year Fixed Rate Mortgage - Shared Ownership
A fixed interest rate mortgage helps to make budgeting easier, as your monthly repayments stay the same each month during the fixed interest rate period.
So there's no sudden changes in how much you need to find to make your repayments even if interest rates rise or fall.
A mortgage of £168,806 over 30 years on an initial rate of 5.50% fixed for 2 years followed by our standard variable rate currently at 6.94% for the remaining 28 years would require 24 monthly payments of £958.46 and 276 monthly payments of £1108.96. The total amount payable would be £396,033.60 made up of the loan amount of £168,806 plus interest of £227,227.60, including a valuation fee of £290. The representative example is for illustration only. Your actual costs and monthly payment will vary depending on your mortgage.
Good to Know
- Repayment amount won't change during the fixed rate term
- Helps you to plan your finances in advance
- Allows you to budget
- Fixed rate of interest over two years
Initial rate of 5.50% until 30th June 2026 reverting to our Standard Variable Rate (currently 6.94%) from 1st July 2026.
30 June 2026
Maximum Loan to Value (LTV)
£25,000 - £405,000
Daily Interest Calculation
Interest is calculated on the balance of your account at the end of each day. Interest is accrued daily and added to your account balance on the last day of every month. Every cleared payment that is made reduces the mortgage balance and interest is recalculated on the reduced balance.
10% overpayments allowed per annum.
Free standard valuation (on properties up to £500k).
Early Repayment Charge
2% of balance outstanding until 30th June 2025.
1% of balance outstanding until 30th June 2026.
Apply for a mortgage today
We know how important it is for you to get the right mortgage deal. So whether you're buying your first home, moving house or looking to re-mortgage we have the knowledge to help you make the right decision.Arrange an appointment
Or arrange to speak to a Mortgage Adviser
Call the team on
0345 601 5533
Our lines are open every weekday between 8am and 6pm
YOUR MORTGAGE WILL BE SECURED ON YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE