Mortgage Comparison

Fill in the quick form and we will show you the mortgages available which meet your circumstances. The standard values are based on an representative example, so you should change the values so that they are correct to you. Pink tick marks shows that information is based on your input or the property you clicked through from. The tool is free to use; there is no obligation to apply for any of the products and no credit check incurred just for searching. This tool is only available for a Shared Ownership part buy part rent purchase in England.

Please enter the total annual income of you and anyone you are intending to buy a property with.

The deposit is the amount of cash you put down towards the house purchase, which can come typically from savings or a family gift, or a combination thereof. You are generally not allowed to borrow the deposit from a bank. Minimum deposits vary but here we are asking you to state realistically the maximum sum that you could put down and the more you put the better your choice of mortgages is likely to be. Please note: the deposit for the mortgage is not the same as the reservation or holding deposit you may have to pay the housing association for reserving a new build property.

The information displayed in the table below outlines the potential mortgages you could arrange for a Shared Ownership property. Variable (Standard Variable Rate) A variable or standard variable rate mortgage is a rate which is set by each mortgage lender and is the rate which borrowers will usually revert to once they have come to the end of an initial fixed or tracker rate. Fixed Rate A fixed rate mortgage is one where the interest Rate that you pay is fixed for a set period of time usually 2, 3, 5 or 10 years. Tracker Mortgage A tracker mortgage is one where the interest rate will be a given percentage (currently above) the Bank of England base rate for a set period of time. It is a variable rate as the interest rate will change at the same time as any change in the Bank of England base rate. Discount Mortgage A discount rate is a variable rate that offers a discount on the lenders’ standard variable rate for a set period – normally 2 to 5 years. Interest Only Mortgage lenders are generally only willing to consider an interest only loan if you have a 50% deposit or more and where you can show an acceptable repayment plan. In practice the housing association is most unlikely to agree to your taking out an interest only mortgage on a Shared Ownership purchase. If you see an offer you are interested in, click Next Steps to see info on how you proceed with an application.