Compare Shared Ownership Mortgages

Shared Ownership mortgages

		Mortgage Type Fixed: The interest rate is fixed for a certain period – usually 1 to 5 years. Tracker: The interest rate rises and falls with the Bank of England base rate. Standard: The interest rate rises and falls with the provider’s standard interest rate (SVR). Discount: The interest rate rises and falls with the provider’s standard variable rate but is set at a lower discounted rate for certain period. Buy to Let: For landlords purchasing a property for letting.	Initial Rate The introductory rate of interest that you will pay for a certain period of time depending on the mortgage type and term.	Initial Term The length of time that the initial interest rate applies to the mortgage.	Final Rate The interest rate that your mortgage will revert to after any introductory rates have finished.	APR This is the mortgage’s Annual Percentage Rate: the interest rate that you will be charged on your mortgage including all charges such as arrangement fees (also referred to as Cost For Comparison).	Loan to value The percentage of a property’s value for which the mortgage can be used. Example: 75% loan to value = 25% deposit.	Fee to Apply This is the fee that must be paid to the lender when you take out the mortgage. It can be applied to the loan or paid separately.
	HSBC 2yr 1.95% Discount LTV 60% Special Direct [Show Details]	Discount	1.99%	24	3.94%	3.80%	60%	£1499	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 40% First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0800 077 4283
	HSBC 2yr 2.24% Fixed LTV 60% Special Direct [Show Details]	Fixed	2.24%	31/05/2014	3.94%	3.80%	60%	£1999	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 40% Max Loan: £500000 First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0800 077 4283
	HSBC Lifetime BBR + 1.89% LTV 60% Special Direct [Show Details]	Tracker	2.39%	term	n/a	2.50%	60%	£999	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 40% First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0800 077 4283
	HSBC Lifetime BBR + 1.99% LTV 60% Special Direct [Show Details]	Tracker	2.49%	term	n/a	2.50%	60%	No Fee	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 40% First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0800 077 4283
	HSBC Lifetime BBR + 2.09% LTV 70% Direct [Show Details]	Tracker	2.59%	term	n/a	2.70%	70%	£599	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 30% First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0800 077 4283
	HSBC Lifetime BBR + 2.09% LTV 70% Ex/C Adv Dir [Show Details]	Tracker	2.59%	term	n/a	2.70%	70%	£399	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Existing Customer: Yes Existing Customer Type: current account Minimum Deposit: 30% First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0800 077 4283
	Available for existing HSBC customers only.
	HSBC Lifetime BBR + 2.09% LTV 70% Ex/C Prem Dir [Show Details]	Tracker	2.59%	term	n/a	2.70%	70%	£299	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Existing Customer: Yes Existing Customer Type: current account Minimum Deposit: 30% First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0800 077 4283
	Available for existing HSBC customers only.
	Woolwich (Barclays) O Plan FM 2yr 2.84% Fxd BBR R/M C/B LTV 60% Lge Ln [Show Details]	Fixed	2.84%	31/05/2014	3.89%	4.00%	60%	£2499	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 40% Max Loan: £2000000 First time buyer: no Homemover: no Remortgage: yes Call Direct 0845 070 1569
	Woolwich (Barclays) Openplan FM 2yr 2.84% Fixed BBR LTV 60% Lge Loan [Show Details]	Fixed	2.84%	31/05/2014	3.89%	4.00%	60%	£2499	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 40% Max Loan: £2000000 First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0845 070 1569
	Woolwich (Barclays) Openplan FM 2yr 2.84% Fxd BBR R/M LTV 60% Lge Loan [Show Details]	Fixed	2.84%	31/05/2014	3.89%	4.00%	60%	£2499	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 40% Max Loan: £2000000 First time buyer: no Homemover: no Remortgage: yes Call Direct 0845 070 1569
	Santander UK plc 2yr BBR + 2.34% Tracker H/P C/B LTV 60% Direct [Show Details]	Tracker	2.84%	24 months	4.24%	4.10%	60%	£995	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 40% First time buyer: yes Homemover: yes Remortgage: no Call Direct 0800 032 4610
	Santander UK plc 2yr BBR + 2.34% Tracker R/M C/B LTV 60% Direct [Show Details]	Tracker	2.84%	24 months	4.24%	4.10%	60%	£995	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 40% First time buyer: no Homemover: no Remortgage: yes Call Direct 0800 032 4610
	Santander UK plc 2yr BBR + 2.34% Tracker R/M LTV 60% Direct [Show Details]	Tracker	2.84%	24 months	4.24%	4.10%	60%	£995	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 40% First time buyer: no Homemover: no Remortgage: yes Call Direct 0800 032 4610
	Santander UK plc 2yr 2.89% Fixed H/P C/B LTV 60% Direct [Show Details]	Fixed	2.89%	02/04/2014	4.24%	4.20%	60%	£995	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 40% Max Loan: £1000000 First time buyer: yes Homemover: yes Remortgage: no Call Direct 0800 032 4610
	HSBC Lifetime BBR + 2.39% LTV 70% Direct [Show Details]	Tracker	2.89%	term	n/a	2.90%	70%	No Fee	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 30% First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0800 077 4283
	HSBC 2yr 2.99% Fixed LTV 70% Direct [Show Details]	Fixed	2.99%	31/05/2014	3.94%	3.90%	70%	£599	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 30% Max Loan: £1000000 First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0800 077 4283
	HSBC 2yr 2.99% Fxd LTV 70% Ex/C Advanced Direct [Show Details]	Fixed	2.99%	31/05/2014	3.94%	3.90%	70%	£399	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Existing Customer: Yes Existing Customer Type: current account Minimum Deposit: 30% Max Loan: £1000000 First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0800 077 4283
	Available for existing HSBC customers only.
	HSBC 2yr 2.99% Fxd LTV 70% Ex/C Premier Direct [Show Details]	Fixed	2.99%	31/05/2014	3.94%	3.90%	70%	£299	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Existing Customer: Yes Existing Customer Type: current account Minimum Deposit: 30% Max Loan: £1000000 First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0800 077 4283
	Available for existing HSBC customers only.
	Santander UK plc 2yr 2.99% Fixed R/M C/B LTV 60% Direct [Show Details]	Fixed	2.99%	02/04/2014	4.24%	4.30%	60%	£995	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 40% Max Loan: £1000000 First time buyer: no Homemover: no Remortgage: yes Call Direct 0800 032 4610
	Santander UK plc 2yr 2.99% Fixed R/M LTV 60% Direct [Show Details]	Fixed	2.99%	02/04/2014	4.24%	4.30%	60%	£995	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 40% Max Loan: £1000000 First time buyer: no Homemover: no Remortgage: yes Call Direct 0800 032 4610
	HSBC Lifetime BBR + 2.49% LTV 80% Direct [Show Details]	Tracker	2.99%	term	n/a	3.10%	80%	£599	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 20% First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0800 077 4283
	HSBC Lifetime BBR + 2.49% LTV 80% Ex/C Adv Dir [Show Details]	Tracker	2.99%	term	n/a	3.10%	80%	£399	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Existing Customer: Yes Existing Customer Type: current account Minimum Deposit: 20% First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0800 077 4283
	Available for existing HSBC customers only.
	HSBC Lifetime BBR + 2.49% LTV 80% Ex/C Prem Dir [Show Details]	Tracker	2.99%	term	n/a	3.10%	80%	£299	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Existing Customer: Yes Existing Customer Type: current account Minimum Deposit: 20% First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0800 077 4283
	Available for existing HSBC customers only.
	Woolwich (Barclays) Openplan FM 2yr BBR + 2.49% Offset LTV 70% [Show Details]	Tracker	2.99%	31/05/2014	3.89%	3.90%	70%	£1999	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 30% First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0845 070 1569
	Santander UK plc 2yr BBR + 2.54% Tracker H/P C/B LTV 75% Direct [Show Details]	Tracker	3.04%	24 months	4.24%	4.20%	75%	£995	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 25% First time buyer: yes Homemover: yes Remortgage: no Call Direct 0800 032 4610
	Santander UK plc 2yr BBR + 2.54% Tracker R/M C/B LTV 75% Direct [Show Details]	Tracker	3.04%	24 months	4.24%	4.20%	75%	£995	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 25% First time buyer: no Homemover: no Remortgage: yes Call Direct 0800 032 4610
	Santander UK plc 2yr BBR + 2.54% Tracker R/M LTV 75% Direct [Show Details]	Tracker	3.04%	24 months	4.24%	4.20%	75%	£995	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 25% First time buyer: no Homemover: no Remortgage: yes Call Direct 0800 032 4610
	Woolwich (Barclays) Openplan 2yr 3.09% Fixed BBR R/M C/B Ex/C LTV 60% [Show Details]	Fixed	3.09%	31/05/2014	3.89%	3.90%	60%	£499	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Existing Customer: Yes Existing Customer Type: current account Minimum Deposit: 40% Max Loan: £1000000 First time buyer: no Homemover: no Remortgage: yes Call Direct 0845 070 1569
	Available for existing Woolwich (Barclays) customers only.
	Woolwich (Barclays) Openplan FM 2yr 3.09% Fixed BBR LTV 60% [Show Details]	Fixed	3.09%	31/05/2014	3.89%	3.90%	60%	£999	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 40% Max Loan: £1000000 First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0845 070 1569
	Santander UK plc 2yr 3.19% Fixed H/P C/B LTV 75% Direct [Show Details]	Fixed	3.19%	02/04/2014	4.24%	4.20%	75%	£995	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 25% Max Loan: £1000000 First time buyer: yes Homemover: yes Remortgage: no Call Direct 0800 032 4610
	Santander UK plc 2yr 3.19% Fixed R/M C/B LTV 75% Direct [Show Details]	Fixed	3.19%	02/04/2014	4.24%	4.20%	75%	£995	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 25% Max Loan: £1000000 First time buyer: no Homemover: no Remortgage: yes Call Direct 0800 032 4610
	Santander UK plc 2yr 3.19% Fixed R/M LTV 75% Direct [Show Details]	Fixed	3.19%	02/04/2014	4.24%	4.20%	75%	£995	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 25% Max Loan: £1000000 First time buyer: no Homemover: no Remortgage: yes Call Direct 0800 032 4610
	Woolwich (Barclays) Openplan 2yr BBR + 2.69% R/M Ex/C LTV 60% [Show Details]	Tracker	3.19%	31/05/2014	3.89%	3.90%	60%	£499	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Existing Customer: Yes Existing Customer Type: current account Minimum Deposit: 40% First time buyer: no Homemover: no Remortgage: yes Call Direct 0845 070 1569
	Available for existing Woolwich (Barclays) customers only.
	Woolwich (Barclays) Openplan FM 2yr BBR + 2.69% Ex/C LTV 60% [Show Details]	Tracker	3.19%	31/05/2014	3.89%	3.90%	60%	£499	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Existing Customer: Yes Existing Customer Type: current account Minimum Deposit: 40% First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0845 070 1569
	Available for existing Woolwich (Barclays) customers only.
	Woolwich (Barclays) Openplan FM 2yr BBR + 2.69% LTV 60% [Show Details]	Tracker	3.19%	31/05/2014	3.89%	3.90%	60%	£999	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 40% First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0845 070 1569
	Woolwich (Barclays) Openplan FM 2yr BBR + 2.69% R/M LTV 60% [Show Details]	Tracker	3.19%	31/05/2014	3.89%	3.90%	60%	£999	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 40% First time buyer: no Homemover: no Remortgage: yes Call Direct 0845 070 1569
	HSBC 2yr 3.29% Fixed LTV 70% Fee Free Direct [Show Details]	Fixed	3.29%	31/05/2014	3.94%	3.90%	70%	No Fee	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 30% Max Loan: £1000000 First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0800 077 4283
	Santander UK plc 2yr 3.29% Fixed H/P C/B LTV 60% Ex/C Direct [Show Details]	Fixed	3.29%	02/04/2014	4.24%	4.20%	60%	No Fee	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 40% Max Loan: £550000 First time buyer: yes Homemover: yes Remortgage: no Call Direct 0800 032 4610
	Woolwich (Barclays) Openplan FM 2yr 3.29% Fixed BBR Ex/C LTV 70% [Show Details]	Fixed	3.29%	31/05/2014	3.89%	3.90%	70%	£499	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Existing Customer: Yes Existing Customer Type: current account Minimum Deposit: 30% Max Loan: £1000000 First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0845 070 1569
	Available for existing Woolwich (Barclays) customers only.
	Woolwich (Barclays) Openplan FM 2yr 3.29% Fxd BBR LTV 70% [Show Details]	Fixed	3.29%	31/05/2014	3.89%	3.90%	70%	£999	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 30% Max Loan: £1000000 First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0845 070 1569
	Woolwich (Barclays) Openplan FM 2yr 3.29% Fxd BBR R/M Ex/C LTV 70% [Show Details]	Fixed	3.29%	31/05/2014	3.89%	3.90%	70%	£499	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Existing Customer: Yes Existing Customer Type: current account Minimum Deposit: 30% Max Loan: £1000000 First time buyer: no Homemover: no Remortgage: yes Call Direct 0845 070 1569
	Available for existing Woolwich (Barclays) customers only.
	Woolwich (Barclays) Openplan FM 2yr 3.29% Fxd BBR R/M LTV 70% [Show Details]	Fixed	3.29%	31/05/2014	3.89%	3.90%	70%	£999	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 30% Max Loan: £1000000 First time buyer: no Homemover: no Remortgage: yes Call Direct 0845 070 1569
	HSBC Lifetime BBR + 2.79% LTV 80% Direct [Show Details]	Tracker	3.29%	term	n/a	3.30%	80%	No Fee	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 20% First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0800 077 4283
	Woolwich (Barclays) Openplan 2yr BBR + 2.79% R/M C/B Ex/C LTV 70% [Show Details]	Tracker	3.29%	31/05/2014	3.89%	3.90%	70%	£499	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Existing Customer: Yes Existing Customer Type: current account Minimum Deposit: 30% First time buyer: no Homemover: no Remortgage: yes Call Direct 0845 070 1569
	Available for existing Woolwich (Barclays) customers only.
	Woolwich (Barclays) Openplan 2yr BBR + 2.79% R/M Ex/C LTV 70% [Show Details]	Tracker	3.29%	31/05/2014	3.89%	3.90%	70%	£499	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Existing Customer: Yes Existing Customer Type: current account Minimum Deposit: 30% First time buyer: no Homemover: no Remortgage: yes Call Direct 0845 070 1569
	Available for existing Woolwich (Barclays) customers only.
	Woolwich (Barclays) Openplan FM 2yr BBR + 2.79% Ex/C LTV 70% [Show Details]	Tracker	3.29%	31/05/2014	3.89%	3.90%	70%	£499	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Existing Customer: Yes Existing Customer Type: current account Minimum Deposit: 30% First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0845 070 1569
	Available for existing Woolwich (Barclays) customers only.
	Woolwich (Barclays) Openplan FM 2yr BBR + 2.79% LTV 70% [Show Details]	Tracker	3.29%	31/05/2014	3.89%	3.90%	70%	£999	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 30% First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0845 070 1569
	Woolwich (Barclays) Openplan FM 2yr BBR + 2.79% Offset Ex/C LTV 70% [Show Details]	Tracker	3.29%	31/05/2014	3.89%	3.90%	70%	£749	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Existing Customer: Yes Existing Customer Type: current account Minimum Deposit: 30% First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0845 070 1569
	Available for existing Woolwich (Barclays) customers only.
	Woolwich (Barclays) Openplan FM 2yr BBR + 2.79% Offset LTV 70% [Show Details]	Tracker	3.29%	31/05/2014	3.89%	4.00%	70%	£1499	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 30% First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0845 070 1569
	Woolwich (Barclays) Openplan FM 2yr BBR + 2.79% R/M C/B LTV 70% [Show Details]	Tracker	3.29%	31/05/2014	3.89%	3.90%	70%	£999	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 30% First time buyer: no Homemover: no Remortgage: yes Call Direct 0845 070 1569
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

About shared ownership mortgages

A shared ownership mortgage is a great way for people to get on the housing ladder if they cannot afford to take on the whole burden of repayments themselves.

These types of agreement work by allowing you to take a mortgage on only part of the house. A third party - usually a local council or housing association - buys the rest. Generally, your share can be anywhere from 25 to 75 per cent of the total value of the house. As well as the mortgage repayment on your part of the loan, you will pay rent on the remaining share.

As such, shared ownership mortgages can be particularly beneficial to first time buyers, those on a low income, people who want to buy a home as an individual rather than with a partner, or people whose current level of income is not guaranteed.

These schemes also allow people to buy a home in an area where they might not be able to afford to otherwise.

There is usually an option to increase your mortgage at a set time in order to buy the other stake holder out of their share. The idea is that by this stage you may have progressed in your earnings and can then afford the full repayment. This is known as a stepped option.

Some lenders offer 100 per cent loan-to-value ratios on your share of the property, meaning you won't have to pay a deposit.

You'll need to check with the local authorities in your area to see what schemes are currently on offer.

Click here for Know Your Money's guide to getting onto the property ladder.

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