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5 Year Fixed Rate Mortgage - Shared Ownership
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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.
Summary information
Product Code
SHOW094
Interest Rates
Initial rate of 5.40% until 31st March 2030 reverting to our Standard Variable Rate (currently 6.94%) from 1st April 2030.
Maturity Date
31 March 2030
Maximum Loan to Value (LTV)
95%
Loan Amount
£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.
Minimum Term
2 Years
Reservation Fee
0
Completion Fee
0
Incentives
10% overpayments per annum
Free standard valuation up to £500k
Early Repayment Charge
5% of balance outstanding until 31st March 2026.
4% of balance outstanding until 31st March 2027.
3% of balance outstanding until 31st March 2028.
2% of balance outstanding until 31st March 2029.
1% of balance outstanding until 31st March 2030.
Meet your BDM
Here to support you
Available across the UK, your dedicated Business Development Manager (BDM) is ready to give expert advice on your product, criteria, or application questions.
Linzi Stafford
Connells Group
Postcodes:
CONNELLS, CG
Judi Hancock
South East
Postcodes:
SO, PO, GU, RH, BN, TN, ME, CT, SS, CM, BR, DA, CB, IP, RM
Judi Hancock
South East (Connells Group please search 'CG' for your BDM)
Postcodes:
CO
Stephen Breen
North West and M62 Corridor
Postcodes:
FY, LA, PR, BD, BB, L, WN, BL, OL, HX, M, WA, CH, CW, SK, S, DN, HU, HD, LL
Rebecca Roberts
London
Postcodes:
HP, SL, AL, WD, HA, UB, TW, KT, CR, SM, EN, IG, E, EC, W, N, NW, SE, SW, WC
Kam Gill
Midlands
Postcodes:
TF, ST, DE, NG, LN, WV, WS, DY, WR, B, CV, LE, NN, PE, NR, SY
Andy White
South West and Home Counties
Postcodes:
TA, BS, CF, BA, GL, SN, OX, RG, MK, LU, SG, BH, SP, NP, SA, LD, HR, DT, EX, TQ, PL, TR
Sophie Goodwin
North East and Scotland
Postcodes:
SR, TS, DD, G, FK, KY, KA, ML, EH, DG, TD, CA, NE, DL, DH, HG, YO, LS, WF, KW, IV, PH, AB, PA
Contact our dedicated Intermediary Support Team on 0345 602 2338 or intermediary.lending@newcastle.co.uk. We're available from 8am to 6pm, Monday to Friday.