Mortgages for direct customers
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.
Your local mortgage lender offering a personal, tailored and flexible mortgage service specialising in:
- 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
- Professionals/public service employees
Mortgage Interest Rates effective 01.10.2020 (click on the mortgage product name for more information)
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) |
1.90% discount off Standard variableRate (SVR) for term of loan | 50% | 2.70% | 2.80% APRC | £135,000 |
Residential Mortgage 50 Fee Assist (Resi50FA) | 1.55% discount off Standard variableRate (SVR) for term of loan | 50% | 3.05% | 3.10% APRC | £135,000 |
Residential Mortgage 60 (Resi60) |
1.65% discount off Standard variableRate (SVR) for term of loan | 60% | 2.95% | 3.10% APRC | £135,000 |
Residential Mortgage 60 Fee Assist (Resi60FA) |
1.30% discount off Standard variableRate (SVR) for term of loan | 60% | 3.30% | 3.40% APRC | £135,000 |
Residential Mortgage 80 (Resi80) |
1.05% discount off Standard variableRate (SVR) for term of loan | 80% | 3.55% | 3.70% APRC | £135,000 |
Residential Mortgage 80 Fee Assist (Resi80FA) |
0.70% discount off Standard variableRate (SVR) for term of loan | 80% | 3.90% | 4.00% APRC | £135,000 |
Professional Mortgage (PROF165) |
1.40% discount off Standard Variable Rate (SVR) for term of loan | 80% | 3.20% | 3.30% APRC | £260,000 |
Professional Mortgage Fee Assist (PROFFA) |
1.05% discount off Standard Variable Rate (SVR) for term of loan | 80% | 3.55% | 3.60% APRC | £260,000 |
Lending in Retirement Mortgage (LIR130) |
1.05% discount off Standard variableRate (SVR) for term of loan | 60% | 3.55% | 3.70% APRC | £140,000 |
Lending in Retirement Mortgage Fee Assist (LIR130FA) |
0.70% discount off Standard variableRate (SVR) for term of loan | 60% | 3.90% | 4.00% APRC | £140,000 |
Medical Professional Mortgage (MedPro) |
1.90% discount off Standard variableRate (SVR) for term of loan | 80% | 2.70% | 2.80% APRC | £260,000 |
Medical Professional Mortgage Fee Assist (MedProFA) |
1.55% discount off Standard variableRate (SVR) for term of loan | 80% | 3.05% | 3.10% APRC | £260,000 |
High Income 150 Mortgage (HNW150) |
1.90% discount off Standard variableRate (SVR) for term of loan | 80% | 2.70% | 2.80% APRC | £410,000 |
High Income 150 Mortgage Fee Assist (HNW150FA) |
1.55% discount off Standard variableRate (SVR) for term of loan | 80% | 3.05% | 3.10% APRC | £410,000 |
High Income 100 Mortgage (HNW100) |
1.65% discount off Standard variableRate (SVR) for term of loan | 80% | 2.95% | 3.10% APRC | £215,000 |
High Income 100 Mortgage Fee Assist (HNW100FA) |
1.30% discount off Standard variableRate (SVR) for term of loan | 80% | 3.30% | 3.30% APRC | £215,000 |
Self Build Mortgage (SB2SVR) |
Standard Variable Rate (SVR) formonths 1-24 and from month 25, 1.05% discount off Standard variable Rate(SVR) for remainder of term of loan | 70% | 4.60% month 1-24 3.55% month 25 on |
4.70% |
£135,000 |
Renovation Mortgage (REN2SVR) |
Standard Variable Rate (SVR) formonths 1-24 and from month 25, 1.05% discount off Standard variable Rate(SVR) for remainder of term of loan | 70% | 4.60% month 1-24 3.55% month 25 on |
4.70% month 1-24 3.0% month 25 on Overall APRC = 3.70% |
£155,000 |
Standard Variable Rate (SVR) for term of loan | 80% | 4.60% | 4.70% 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 (BTL60) |
0.55% over SBS Variable Base Rate with a minimum SBS Base Rate of 3.00% | 60% | 3.55% | 3.70% APRC | £185,000 |
Consumer Buy to Let 60 (CBTL60) |
0.55% over SBS Variable Base Rate with a minimum SBS Base Rate of 3.00% | 60% | 3.55% | 3.70% APRC | £185,000 |
Buy to Let 70 (BTL70) |
0.95% over SBS Variable Base Rate with a minimum SBS Base Rate of 3.00% | 70% | 3.95% | 4.10% APRC | £185,000 |
Consumer Buy to Let 70 (CBTL70) |
0.95% over SBS Variable Base Rate with a minimum SBS Base Rate of 3.00% | 70% | 3.95% | 4.10% APRC | £185,000 |
Holiday Let 60 (HOL60) |
0.55% over SBS Variable Base Rate with a minimum SBS Base Rate of 3.00% | 60% | 3.55% | 3.70% APRC | £210,000 |
Holiday Let 70 (HOL70) |
0.95% over SBS Variable Base Rate with a minimum SBS Base Rate of 3.00% | 70% | 3.95% | 4.10% APRC | £210,000 |
* 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 4.60%.
- The Society’s Variable Base Rate for Buy to Let lending is currently 3.00%
- Where applicable, Arrangement fees may be added to the loan unless stated.
- 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 BTL properties and have no plans to increase this number.
- The application fee is non-refundable, as is the valuation fee once the valuation has 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 3.55% for the term of the mortgage the total amount payable would be £205,779.17 made up of the loan amount plus interest repayable by 1 monthly instalment of £692.64 followed by 299 monthly instalments of £679.47.
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 3.70% APRC representative
