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Please click here for our Intermediary Mortgage Product Guide

Residential Mortgage Interest Rates effective 01.01.2024

(click on the mortgage product name for more information)

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 55 (RESI5524)

1.80% discount off Standard Variable Rate (SVR) for term of loan

55%

5.80%

5.90% APRC

£180,000
Residential Mortgage 80 (RESI8024)

0.95% discount off Standard Variable Rate (SVR) for term of loan

80%

6.65%

6.80% APRC

£190,000
High Income Mortgage (HNW24)

1.80% discount off Standard Variable Rate (SVR) for term of loan

80%

5.80%

5.90% APRC

£350,000
Medical Professional Mortgage (MEDPRO24)

1.80% discount off Standard Variable Rate (SVR) for term of loan

80%

5.80%

5.90% APRC

£300,000
Professional Mortgage (PROF24)

1.80% discount off Standard Variable Rate (SVR) for term of loan

80%

5.80%

5.90% APRC

£230,000
Green Mortgage (GRN24)

1.80% discount off Standard Variable Rate (SVR) for term of loan

80%

5.80%

5.90% APRC

£190,000
Lending in Retirement Mortgage (LIR24)

1.55% discount off Standard Variable Rate (SVR) for term of loan

60%

6.05%

6.20% APRC

£120,000
Bridging Mortgage (BRIDGE24)

Standard Variable Rate (SVR) for term of loan

60%

7.60%

7.80% APRC

£500,000
Standard Variable Rate 80 (SVR8024)

Standard Variable Rate (SVR) for term of loan

80%

7.60%

7.70% APRC

£180,000
Self Build Mortgage (SBSVR24)

Standard Variable Rate (SVR) for months 1-24 and from month 25, 0.95% discount off Standard variable Rate (SVR) for remainder of term of loan

70%

7.60% month 1-24

6.65% month 25 on

7.70% 
month 1-24
6.80%
month 25 on
Overall APRC = 6.80% 

£200,000
Renovation Mortgage (RENSVR24)

Standard Variable Rate (SVR) for months 1-24 and from month 25, 0.95% discount off Standard variable Rate(SVR) for remainder of term of loan

70%

7.60% month 1-24

6.65% month 25 on

7.70% 
month 1-24
6.80%
month 25 on
Overall APRC = 6.80% 

£190,000

 

Buy To Let Mortgage Interest Rates effective 01.01.2024

(click on the mortgage product name for more information)

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:
Green BTL (GRNBTL24) 0.30% over SBS Variable Base Rate (currently 6.00%) with a minimum SBS Base Rate of 3.00% 75% 6.30% 6.50% APRC £190,000
Buy to Let 60
(BTL60)		 0.55% over SBS Variable Base Rate (currently 6.00%) with a minimum SBS Base Rate of 3.00% 60% 6.55% 6.70% APRC £190,000
Buy to Let 75
(BTL75)		 0.95% over SBS Variable Base Rate (currently 6.00%) with a minimum SBS Base Rate of 3.00% 75% 6.95% 7.20% APRC £155,000
Consumer BTL
(CBTL24)		 1.05% over SBS Variable Base Rate (currently 6.00%) with a minimum SBS Base Rate of 3.00% 75% 7.05% 7.20% APRC £190,000

Limited Company
Buy to Let  Mortgage (LBTL70)

 0.95% over SBS Variable Base Rate (currently 6.00%) with a minimum SBS Base Rate of 3.00% 75% 6.95% 7.20% APRC £155,000
Holiday Let 60
(HOL60)		 0.55% over SBS Variable Base Rate (currently 6.00%) with a minimum SBS Base Rate of 3.00% 60% 6.55% 6.70% APRC £250,000
Holiday Let 75
(HOL75)		 0.95% over SBS Variable Base Rate (currently 6.00%) with a minimum SBS Base Rate of 3.00% 75% 6.95% 7.10% APRC £300,000
Limited Company
Holiday Let Mortgage
(LHOL70)		 0.95% over SBS Variable Base Rate (currently 6.00%) with a minimum SBS Base Rate of 3.00% 75% 6.95% 7.20% APRC £155,000

 

*     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 7.60%.
  • The Society’s Variable Base Rate for Buy to Let lending is currently 6.00%
  • Where applicable, Product 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 application fee is non-refundable, as is the valuation fee once the valuation has been carried out.
  • 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.

Carmarthen Branch

13-14 Lammas Street,
Carmarthen SA31 3AQ

Tel: 01267 611950
Fax: 01267 611951

Cowbridge Branch

75 High Street,
Cowbridge CF71 7AF

Tel: 01446 506000
Fax: 01446 506001

Mumbles Branch

496 Mumbles Road,
Swansea SA3 4BX

Tel: 01792 739200
Fax: 01792 739201

Swansea Branch

1-4 Portland Street,
Swansea SA1 3DH

Tel: 01792 739100
Fax: 01792 739101

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