Shared Ownership further advance

Shared Ownership Residential Further Advance mortgages from Kent Reliance offer your clients the opportunity to borrow more against their existing mortgage. Loans are available with 75% LTV options.

How to apply

Please click here for information on how to apply for Further Advances.

Product Detail

MSV*  LTV Mortgage type Term Initial rate Product fee Early repayment charge* Product code
 90% 75% Fixed 2 3.89% £199 3% in years one and two 01452 KFAS1901
 90% 75% Fixed 5 4.29%  £199 5% in year one, 4% in year two and 3% in years three, four and five
01455 KFAS19F5
 95% 75% Fixed 2 3.99% £199 3% in years one and two 01453 KFAS1901
 95% 75% Fixed 5 4.39% £199 5% in year one, 4% in year two and 3% in years three, four and five
01456 KFAS19F5
 100% 75% Fixed 2 4.19% £199 3% in years one and two
01454 KFAS1901
 100% 75% Fixed 5 4.59% £199 5% in year one, 4% in year two and 3% in years three, four and five
01457 KFAS19F5

*The shared ownership variable rate (the revert rate) is 6.33%. The shared ownership variable rate is charged from the end of any initial specified deal.

All of our products are subject to availability and may be withdrawn at any time.

Application fee £130 payable at time of application. This is to cover assessing and processing the application (even if the application is unsuccessful or is withdrawn). Please note that applications will not be processed until this fee is received.

**ERCs may be incurred for full redemption or repayment of capital.

These figures in the illustrations only relate to the additional borrowing amount. 

Download Further Advance guide

Product terms and conditions

  • These products are only for home improvements and staircasing. Additional borrowing for personal borrowing is not available. 
  • These mortgage products are only available on a repayment basis. 
  • The Shared Ownership variable rate can vary in line with the general level of interest rates and economic conditions.
  • If you make any lump sum payments or repays the loan within a special deal period, an early repayment charge may be payable. Please refer to the early repayment charge section of the table for details. Payments up to a maximum of £499 per month can be made without incurring an early repayment charge.
  • A list of our fees and charges accompanies all Key Facts Illustrations (KFI). 
  • The minimum mortgage term is 5 years and the maximum 35.
  • Interest is added to the mortgage account for the period from the date the loan is made until the last day of that month. Thereafter, interest is charged monthly on the balance outstanding at the end of the last month. Payments in excess of the required monthly payment will have the effect of reducing the balance outstanding and the amount of interest to be paid.
  • These mortgage products are portable. Even if you move home during the initial special deal period of a mortgage, the remaining benefits (up to the outstanding balance of their existing mortgage) of that special deal can be transferred to their new mortgage with us, subject to our lending criteria at the time of any move. In this case, any early repayment charges will not be charged but the existing rate will not apply to any additional funds that your client borrows.
  • All mortgage products are subject to availability of funds and can be withdrawn at any time.

It is your customers responsibility to ensure they have sufficient funds available at the end of the term with which to repay the loan. 

All loans are subject to availability, status, valuation and approval, and are available in England and Wales only. Applicants must be aged 18 or over and security will be required on the property. 

Written quotations available on request. For customer service and training purposes, calls with Kent Reliance may be monitored and/or recorded. 

OneSavings Bank plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (registered number 530504) for general insurance intermediation and regulated mortgages


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