Our Mortgage Services

 

At Swansea Building Society, we offer a personal, tailored and common-sense approach to mortgage lending to help you find the mortgage that’s right for you. 

Our range of mortgage products are suitable for house purchase, remortgage and capital raising and we specialise in the following sectors: self-employed, self-build / house renovation, lending in retirement, short term lending, properties with acreage, buy to let, holiday let, and other specialist areas of the housing market. 

Whether you are a first time buyer, looking to move house, looking to raise funds on your existing house or simply looking to lower the cost of your existing mortgage payments, our friendly and experienced team of mortgage managers are able to offer you a full advisory mortgage service to help you find the right deal for your needs.  Please note that products and services may be withdrawn or many change at any time.  

House Purchase
Whether you are looking to step onto the property ladder for the first time or perhaps thinking about moving to a bigger home, we have a range of mortgage products to help you find the right mortgage for you and your financial circumstances.

Remortgage / capital raising
If you are looking to switch your mortgage from your current lender and / or looking to raise monies for any legal purpose such as to buy a holiday home, pay off some debts, invest in a business etc, why not speak to one of our friendly and experienced mortgage managers about our range of mortgage products.

 

Niche Mortgage sectors we specialise in:

Mortgages for the Self employed
Are you self-employed but finding no one understands your income? The Society will work closely with your Accountant and consider various sources when assessing income. Retained earnings and one-off items can be added back into the income figures where relevant and other provable sources of income can be used to calculate your true income. The Society does not just look at drawings when assessing your income. 

Self- build / Barn Conversions / House Renovation
If you are looking to raise funds to finance the purchase of a plot of land and/or to finance the building of a new 
self-build property / renovate an existing property, by releasing money in stages as the build progresses / takes place rather than a single amount, why not speak to one of our friendly and experienced mortgage managers about our self-build / renovation mortgage products.  

Lending in retirement
Are you retired / semi-retired and looking to raise funds using the equity in your own house to for instance make home improvements to your property, to give a family member a helping hand onto the housing ladder etc? Maybe you have a mortgage with another lender which is due to expire, and your lender will not allow you to extend the term of the mortgage.  Why not speak to one of our friendly and experienced mortgage managers about our Lending in Retirement mortgages.  

Short term lending – an alternative to bridging 
Have you identified a property but for whatever reason you are not going to be able to sell your current house first? We can assist with a short term mortgage which is cheaper than bridging, and we can lend 100% of the purchase price, subject to a maximum LTV of 80% across both properties. As you need to make monthly mortgage payments during the loan term, we will need to undertake an assessment of affordability and the short term lending can be on interest only if the repayment strategy is ‘sale of existing property’.  

Properties with land
Our mortgages for properties with land are designed around anyone looking to buy a rural property which may or may not come with with land and buildings. 
A business can be run from the property for example, equestrian centre, kennels, cattery etc and we will look at properties which have restrictions such as a 
section 106. We have years of experience of lending to customers who wish to live and work in the countryside. 

Buy to Let / Holiday Let
Our Buy to Let / Holiday Let mortgages allow you to purchase a residential property for letting on a short-or longer-term basis either as a standalone property or with a commercial element*. Arranging a Buy to Let / Holiday Let mortgage is as easy as a standard mortgage for owner occupation. Purchasing a rental property is different to purchasing a home for yourself. Please remember that this is a business decision which must be treated like an investment. Our friendly and experienced mortgage managers will help guide you through this process.  
*Terms and conditions apply

Other niche Mortgage sectors
The Society has a number of mortgage products which are aimed at niche sectors of the housing market. Our range of mortgage products now caters for the specific needs such as:

  • Mortgage for Professionals (including Doctors, Dentists and anyone who needs a professional qualification to do their role)
  • Mortgages for Police Officers, Fire Officers and Nurses
  • Mortgages for High Income earners 
  • Mortgages for those Lending into Retirement 
  • Mortgages for Bed and Breakfast properties
  • Mortgages for second home purchases
  • Mortgages where there are multiple properties on the same Title deed.  
  • Mortgages up to 4 applicants with or without a guarantor

 

Services for Prospective Borrowers

Mortgage Decision in Principle
If you are wondering whether or not the Society would, in principle, consider your mortgage application, speak to one of our friendly and experienced mortgage managers free of charge and without obligation. Our mortgage managers are available from 9am to 5pm, Monday to Friday (excluding bank holidays). 

Mortgage Advice Available
We will advise and make a recommendation for you after we have assessed your needs in full. You can speak with one of our friendly and experienced mortgage managers free of charge and without obligation. Our mortgage managers are available from 9am to 5pm, Monday to Friday. 

 

Services for Existing Borrowers

Additional Borrowing
If you require additional funds for home improvements or for a wide variety of other purposes, speak to us and we will give you a prompt decision and provide you with a fast, flexible service.  

Moving House
If you wish to move to a new house, please speak to one of our friendly and experienced mortgage managers who will discuss your mortgage options available to you.

Reviewing your Existing Mortgage
If you would like to review your existing arrangements and are looking for an alternative mortgage product, our friendly and experienced mortgage managers will be happy to discuss your personal requirements and provide helpful advice on the range of mortgages available.  

Find out more
To find out more about any of our mortgage services, you can contact us by visiting or telephoning your local branch office (details at the end of this leaflet). 

Alternatively, visit us online at www.swansea-bs.co.uk/mortgages for details of the local mortgage manager who covers your area or to request a ‘call me back’ by one of the mortgage managers.