Shared Ownership 2 Year Discounted Variable Rate Mortgage

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Good to know

No early repayment charges

Available for remortgages

Available for product switches

No upper age limit

Port to a new property without penalty 

We’ll accept Shared Ownership applications for mortgages in England and Wales from members of our partners otherwise lending restrictions apply

Fees

Based on a property worth
using our at max

The fees your client would have to pay are:

£{switch fee} product switch fee
which can be paid upfront or added to the loan (if added to the loan we'll charge interest on the fee during the term of the loan)

£{further advance completion fee} Further advance 'completion' fee
which can be paid upfront or added to the loan (if added to the loan we'll charge interest on the fee during the term of the loan)

A valuation isn't normally required for a product switch.

When borrowing additional funds you may require a revaluation if the value of your property has changed since you originally took your mortgage out. We will pay for a standard valuation.

£ for a standard valuation or £ for a standard valuation and homebuyer survey
For the purpose of the mortgage you'll only need to pay for a standard valuation. Valuation fees are payable at the time of application and are non-refundable.
We will pay for a standard valuation.

£ for a standard valuation or £ for a standard valuation and homebuyer survey
For the purpose of the mortgage you'll only need to pay for a standard valuation. Valuation fees are payable at the time of application and are non-refundable.
We will pay for a standard valuation.

Early repayment charges

These are the charges that will apply to your mortgage if you want to overpay or repay early.

Can I make overpayments?

With this mortgage you're able to make unlimited overpayments without incurring any early repayment charges.

What if I want to repay early?

If you switch your loan to another lender, a different mortgage deal with us, make extra payments or repay it in full, you can do so without incurring any early repayment charges.

What if I want to move home?

If you move house during the discounted rate term you may transfer the balance and remaining term of the discounted mortgage to your next home, without penalty. These requests will be subject to our underwriting criteria and the terms can't be extended to any further borrowing if the product has been withdrawn.

What happens at the end of my discounted rate deal?

At the end of the discounted rate term, your mortgage will revert to our Cambridge Variable Mortgage and you’ll pay our Standard Variable Rate for the remainder of the mortgage term. We’ll write to you when your discounted rate comes to an end to provide you with full details of our Cambridge Variable Mortgage.

Next steps

Mortgage illustration

Self serve online

Immediate

DIP Decision

Current service

2 days

Mortgage Application

App received to reviewed

1 day

Other forms and documents you may need: