Mortgage Products
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) |
1.90% discount off Standard variableRate (SVR) for term of loan | 50% | 2.70% | 2.80% 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 80 (Resi80) |
1.05% discount off Standard variableRate (SVR) for term of loan | 80% | 3.55% | 3.70% 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 |
| Lending in Retirement Mortgage (LIR130) |
1.05% discount off Standard variableRate (SVR) for term of loan | 60% | 3.55% | 3.70% APRC | £140,000 |
| 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 100 Mortgage (HNW100) |
1.65% discount off Standard variableRate (SVR) for term of loan | 80% | 2.95% | 3.10% 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% month 1-24 3.0% month 25 on Overall APRC = 3.80% |
£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 / Consumer BTL 60 (BTL60) / (CBTL60) |
1.25% over SBS Variable Base Rate with a minimum SBS Base Rate of 3.00% |
60% | 4.25% | 4.40% APRC | £185,000 |
| Buy-to-Let 70 / Consumer BTL 70 (BTL70) / (CBTL70) |
1.75% over SBS Variable Base Rate with a minimum SBS Base Rate of 3.00% | 70% | 4.75% | 4.90% APRC | £185,000 |
| Holiday Let 60 (HOL60) |
1.25% over SBS Variable Base Rate with a minimum SBS Base Rate of 3.00% | 60% | 4.25% | 4.40% APRC | £210,000 |
| Holiday Let 70 (HOL70) |
1.75% over SBS Variable Base Rate with a minimum SBS Base Rate of 3.00% | 70% | 4.75% | 4.90% 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%.
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 BTL 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.
If you have a client who is an existing Borrower and requires an additional loan for home improvements or for a variety of other purposes, we will give you a prompt decision and provide you with a fast flexible service. (Please note proc fees are only paid on the additional amount borrowed).
All our products can be used for additional borrowing subject to criteria and underwriting.
Please contact your local mortgage manager today for more information.
Alternatively, please complete the call me back page and one of our mortgage managers will contact you.
| Monday | 9:30-14.00 |
| Tuesday | 9:30-14.00 |
| Wednesday | 9:30-14.00 |
| Thursday | 9:30-14.00 |
| Friday | 9:30-14.00 |
| Saturday | Closed |
| Sunday | Closed |
| Bank Holiday | Closed |
| Monday | 9:30-14.00 |
| Tuesday | 9:30-14.00 |
| Wednesday | 9:30-14.00 |
| Thursday | 9:30-14.00 |
| Friday | 9:30-14.00 |
| Saturday | Closed |
| Sunday | Closed |
| Bank Holiday | Closed |
| Monday | 9:30-14.00 |
| Tuesday | 9:30-14.00 |
| Wednesday | 9:30-14.00 |
| Thursday | 9:30-14.00 |
| Friday | 9:30-14.00 |
| Saturday | Closed |
| Sunday | Closed |
| Bank Holiday | Closed |
| Monday | 9:30-14.00 |
| Tuesday | 9:30-14.00 |
| Wednesday | 9:30-14.00 |
| Thursday | 9:30-14.00 |
| Friday | 9:30-14.00 |
| Saturday | Closed |
| Sunday | Closed |
| Bank Holiday | Closed |