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

Mortgages

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

The Society predominantly lends in the South Wales area. As a lender, our highly experienced underwriters will assess all types of mortgage propositions on their individual merits, offering a quick and efficient decision making service. ​

Application Form

You can download an application form 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.

Application Form
Mortgage application
form for direct
submitted applications
Application Form
Mortgage application
form for broker
submitted applications

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 80
(VARI 80)		 1% discount off Standard Variable Rate (SVR) for term of loan 80% 4.10% 4.20% APRC £135,000
Standard Variable Rate 80 Standard Variable Rate (SVR) for term of loan 80% 5.10% 5.20% APRC £155,000
Professional Mortgage 80 1.65% discount off Standard Variable Rate (SVR) for term of loan 80% 3.45% 3.60% APRC £110,000
Professional Mortgage 90 1.40% discount off Standard Variable Rate (SVR) for term of loan 90% 3.70% 3.90% APRC £260,000
High Income Mortgage 150 2.15% discount off Standard Variable Rate (SVR) for term of loan 80% 2.95% 3.10% APRC £410,000
High Income Mortgage 100 1.90% discount off Standard Variable Rate (SVR) for term of loan 80% 3.20% 3.30% APRC £215,000
Lending in Retirement Mortgage 1% discount off Standard Variable Rate (SVR) for term of loan 60% 4.10% 4.20% APRC £140,000
Self Employed Mortgage 80 1% discount off Standard Variable Rate (SVR) for term of loan 80% 4.10% 4.20% APRC £210,000
Self Employed Mortgage 90 0.75% discount off Standard Variable Rate (SVR) for term of loan 90% 4.35% 4.50% APRC £190,000
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:
Holiday Let                                 2% over SBS Variable Base Rate with a minimum SBS Base Rate of 3% 70% 5.25% 5.40% APRC £210,000
Buy-to-Let 2% over SBS Variable Base Rate with a minimum SBS Base Rate of 3% 70% 5.25% 5.40% 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.

For all mortgages, the Application Fee is £250 which is payable on application and is non-refundable.

For all mortgages, the arrangement fee is 1% of the loan (less Application Fee) except for the BTL/Holiday let Mortgages where the arrangement fee is 1.5% of the loan (less Application Fee).

The Buy-to-Let Mortgage is only available to applicants who own/will own a maximum of 3 BTL properties and have no plans to increase this number.

The Early repayment Charge (ERC) for all mortgages is 1% of the loan.  The ERC will apply where the loan is repaid in full within the first 3 years.

The valuation fee for all mortgages is £450 for properties up to £500k.  For properties over £500k, valuation costs are available on request.

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 (VARI 80)

Based on a loan of £135,000 for 25 years, on a discounted variable rate of 4.10% for the term of the mortgage the total amount payable would be £217,955.16 made up of the loan amount plus interest repayable by 1 monthly instalment of £735.21 followed by 299 monthly instalments of £720.05.

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 4.20% 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