Mortgage Product

Shared Ownership For Term 0.79% Loading 90% LTV

Product Code: VR08

Rates effective from: 16/09/2026

  • Initial Rate

    5.89% Variable

  • Term

    For Term

  • Standard Variable Rate

    5.10%

  • Maximum Loan to Value

    90% of share

  • Overall Cost for Comparison (APRC)

    6.1%

  • Application Fee

    £100

  • Arrangement Fee

    500

  • Early Repayment Charges

    Apply if more than 10% of the outstanding balance is repaid each year.

    2% of repaid amount for the first 2 years.

Representative Example

A mortgage of £282,500 payable over 25 years on a loaded variable rate of 5.89% for term would require 300 monthly payments of £1,801.20. The total amount payable would be £541,745.00 made up of the loan amount plus interest (£259,245.00) a valuation fee of £610 a funds transfer fee of £30, estimated solicitor’s fees of £145, an application fee of £100 and arrangement fee of £500. The overall cost for comparison is 6.1% APRC representative.

 

Product Details

Starting Rate

0.79% Loading on The Stafford’s Standard Variable Rate (SVR) currently 5.10% for term giving a current variable rate of 5.89%

Minimum Interest Rate

The interest rate on this product will not drop below 1.50%

Available for

Movers, Purchase, Remortgage

Minimum Loan

£75,000

Maximum Loan

Up to 80% LTV – Less than £1,350,000 / 80% to 85% LTV – £350,000 / 85% to 90% LTV – £300,000

Early Repayment Charges

Apply if more than 10% of the outstanding balance is repaid each year.

2% of repaid amount for the first 2 years.

Application Fee

£ 100

Arrangement Fee

500

Basic Valuation Fee

Fee Applicable (see valuation fees)

Minimum Property Value

Minimum Term

for term

Maximum Term

Varies according to age

Repayment Type

Repayment Only

Minimum Age

18

Maximum Age at Term End

85 (subject to proof of pension income post age 75 or declared retirement age, whichever is sooner)

Incentives

None

Additional Notes

  • This mortgage summary should be read in conjunction with the Terms & Conditions.
  • We will lend throughout England and Wales only.
  • This information does not contain all of the details you need to choose a mortgage. You will need to obtain an ESIS before you make a decision. Please contact the Society to discuss your requirements.
  • Interest is calculated on a daily basis.

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