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SWANSEA BRANCH
01792 739100
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01792 739200
CARMARTHEN BRANCH
01267 611950
COWBRIDGE BRANCH
01446 506000

Mortgages

Coronavirus – help and support
For information about how the Society is there to help and support, please click here.
​For a PDF version please click here.

Coronavirus – message from Swansea Building Society.
Please click on the following link for more information:  sbscoronanotice.pdf

How to apply for a payment holiday on your Swansea Building Society mortgage
Please click on the following link for more information: Mortgage Payment Holiday Notice

Swansea Building Society – Your local mortgage lender offering a personal, tailored and flexible mortgage service specialising in:

  • Mortgages for Professionals/public service employees
  • Holiday let mortgages
  • Mortgages for self-employed
  • Self-build mortgages
  • Mortgages to purchase a second home
  • Mortgages for small holdings with acreage
  • Buy to let mortgages
  • Bridging loans/property renovations
  • House purchase at auction
  • Mortgages for High Net Worth Customers
  • Lending Into Retirement
  • Lending In Retirement

Call Me Back – if you would like to speak to one of the Society’s mortgage managers about a mortgage with the Society, please click on the following link and complete and submit the Call Me Back form.

Request a Mortgage Decision In Principle –  if you would like to request a Decision In Principle on a mortgage with the Society, please click on the following link. Mortgage Decision In Principle.

Direct Mortgage Application Form – to download a direct mortgage form, please click here. If you need any help with completing it please give us a ring on 01792 739100 where one of our team will be happy to help.

 

If you are a mortgage broker / mortgage professional, please click here to access our intermediaries mortgage site which is designed for mortgage brokers / mortgage professionals. 

 

Mortgage Interest Rates

Residential Purchase/Remortgage Type Maximum Loan to Value
of Property (LTV)		 Variable
Interest
Rate		 The overall cost for comparison is* APRC based on a loan value of:
Residential Mortgage 50
(Resi50)		 2.15% discount off Standard variableRate (SVR) for term of loan 50% 2.95% 3.10% APRC £135,000
Residential Mortgage 60
(Resi60)		 1.90% discount off Standard variableRate (SVR) for term of loan 60% 3.20% 3.40% APRC £135,000
Residential Mortgage 80
(Resi80)		 1.30% discount off Standard variableRate (SVR) for term of loan 80% 3.80% 4.00% APRC £135,000
Professional Mortgage
(PROF165)		 1.65% discount off Standard Variable Rate (SVR) for term of loan 80% 3.45% 3.60% APRC £260,000
Self Employed Mortgage 80
(SEP130)		 1.30% discount off Standard variableRate (SVR) for term of loan 80% 3.80% 3.90% APRC £210,000
Lending in Retirement Mortgage
(LIR130)		 1.30% discount off Standard variableRate (SVR) for term of loan 60% 3.80% 4.00% APRC £140,000
High Income 150 Mortgage
(HNW150)		 2.15% discount off Standard variableRate (SVR) for term of loan 80% 2.95% 3.10% APRC £410,000
High Income 100 Mortgage
(HNW100)		 1.90% discount off Standard variableRate (SVR) for term of loan 80% 3.20% 3.30% APRC £215,000
Self Build Mortgage
(SB2SVR)		 Standard Variable Rate (SVR) formonths 1-24 and from month 25, 1.30%discount off Standard variable Rate(SVR) for remainder of term of loan 70% 5.10% 
month 1-24
3.80%
month 25 on		 4.00% APRC £135,000
Renovation Mortgage
(REN2SVR)		 Standard Variable Rate (SVR) formonths 1-24 and from month 25, 1.30%discount off Standard variable Rate(SVR) for remainder of term of loan 70% 5.10% 
month 1-24
3.80%
month 25 on		 3.90% APRC £155,000

Standard Variable Rate 80
(SVR80)

 Standard Variable Rate (SVR) for term of loan 80% 5.10% 5.20% APRC £155,000
Buy to Let Purchase /Remortgage Type Maximum Loan to Value
of Property (LTV)		 Variable
Interest
Rate		 The overall cost for comparison is** APRC based on a loan value of:
Buy to Let 60 / Consumer Buy to Let 60
(BTL60) / (CBTL60)		 1.25% over SBS Variable Base Rate with a minimum SBS Base Rate of 3.25% 60% 4.50% 4.70% APRC £185,000
Buy to Let 70 / Consumer Buy to Let 70
(BTL70) / (CBTL70)		 1.75% over SBS Variable Base Rate with a minimum SBS Base Rate of 3.25% 70% 5.00% 5.20% APRC £185,000
Holiday Let 60
(HOL60)		 1.25% over SBS Variable Base Rate with a minimum SBS Base Rate of 3.25% 60% 4.50% 4.70% APRC £185,000
Holiday Let 70
(HOL70)		 1.75% over SBS Variable Base Rate with a minimum SBS Base Rate of 3.25% 70% 5.00% 5.20% APRC £185,000

*     The overall cost of comparison is based on a 25 year repayment mortgage
**    The overall cost of comparison is based on a 25 year interest only mortgage

Discount refers to discount from the Society's Standard Variable mortgage interest rate (SVR) - currently 5.10%.
The Society’s Variable Base Rate for Buy to Let lending is currently 3.25%
Arrangement fees may be added to the loan. However, the total Loan to Value including the fees must not exceed the maximum LTV per product.
Application fee and valuation fee are payable at the time of application for the loan.
The Buy to Let Mortgage is only available to applicants who own/will own a maximum of 3 Buy to Let properties and have no plans to increase this number.

The application fee is non-refundable, as is the valuation fee once the valuationhas been carried out.

The Early Repayment Charge (ERC) will apply where the loan is repaid in full within its first 3 years.
A property release fee of £125 is payable when the loan is repaid. 

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

Representative example

Residential Mortgage 80

Based on a loan of £135,000 for 25 years, on a discounted variable rate of 3.80% for the term of the mortgage the total amount payable would be £211,267.10 made up of the loan amount plus interest repayable by 1 monthly instalment of £711.86 followed by 299 monthly instalments of £697.76.

Charges included in the total cost of the loan are:

  • application fee  - £250
  • arrangement fee 1% of the loan (less the application fee) - £1,100
  • valuation fee - £450
  • CHAPS payment fee - £20
  • Property release fee - £125

The overall cost for Comparison is 4.00% APRC representative

Swansea Building Society is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Financial Services Register Number: 206066