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

Mortgages -old

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

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.

Terms & Conditions

 

 

Mortgage Interest Rates

Residential
Purchase / Remortgage		 VARI 80 Standard 
Variable Rate 80		 Professional
Mortgage 80		 Professional
Mortgage 90
Type 1% discount off Standard Variable Rate (SVR) for term of loan Standard Variable Rate (SVR) 1.65% discount off SVR for term of loan 1.4% discount off SVR for term of loan
Maximum 
Loan To Value of Property (LTV)		 80% 80% 80% 90%
Variable 
Interest Rate		 3.85% 4.85% 3.2% 3.45%
The overall 
cost for 
comparison is*		 4.0% APRC 5.0% APRC 3.3% APRC 3.6% APRC
Application Fee £250 £250 £250 £250
Arrangement Fee 1% of loan 
(less Application Fee)		 1% of loan 
(less Application Fee)		 1% of loan 
(less Application Fee)		 1% of loan 
(less Application Fee)
Early Repayment Charge (ERC)*** 1% of loan 1% of loan 1% of loan 1% of loan
Valuation Fee**** £350 £350 £350 £350
Maximum Loan £400k £400k £400k £400k
Buy-to-let Purchase / Remortgage Buy-to-let
Type 2% over SBS Variable Base Rate with a minimum SBS Base Rate of 3%
Maximum Loan To Value of Property (LTV) 70%
Variable 
Interest Rate		 5%
The overall cost for comparison is** 5.1% APRC
Application Fee £250
Arrangement Fee 1.5% of loan 
(less Application Fee)
Early Repayment Charge (ERC) 1% of loan
Valuation Fee £350
Maximum Loan £250k

*       The overall cost for comparison is based on a 25 year repayment mortgage on a loan of £100k
**     The overall cost for comparison is based on a 25 year interest only mortgage on a loan of £100k
***    The Early Repayment Charge (ERC) will apply where the loan is repaid in full within the first 3 years
****    For valuations on properties up to £500k.  For properties over £500k, valuation costs are available on request

Discount refers to discount from the Society's Standard Variable mortgage interest rate (SVR) - currently 4.85%. 

The Society’s Variable Base Rate for Buy-to-Let lending is currently 3%

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.

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

VARI 80
Variable Interest Rate 3.85%, APRC 4.0%

Based on a loan of £100,000 for 25 years, the total amount payable would be £157,362.58, repayable by 1 monthly instalment of £530.17 followed by 299 monthly instalments of £519.59.

  • Charges included in the total cost of the loan are:
  • Application fee - £250
  • Arrangement fee 1% of the loan (less the application fee) - £750
  • Valuation fee - £350
  • CHAPS payment fee - £20 
  • Property release fee - £125
 

 

 

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