Mortgages for direct customers
Your local mortgage lender offering a personal, tailored and flexible mortgage service specialising in:
- Green Mortgages
- Portfolio Landlord borrowers
- 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
- Limited Company Mortgages
- Short term lending/property renovations
- House purchase at auction
- Mortgages for High Net Worth Customers
- Lending Into Retirement
- Lending In Retirement
- Professionals/public service employees
Residential Mortgage Interest Rates effective 01.09.23
(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 50 (Resi50) |
1.90% discount off Standard Variable Rate (SVR) for term of loan |
50% |
5.70% |
5.80% APRC |
£180,000 |
| Residential Mortgage 50 Fee Assist (Resi50FA) |
1.55% discount off Standard Variable Rate (SVR) for term of loan |
50% |
6.05% |
6.10% APRC |
£180,000 |
| Residential Mortgage 60 (Resi60) |
1.65% discount off Standard Variable Rate (SVR) for term of loan |
60% |
5.95% |
6.10% APRC |
£200,000 |
| Residential Mortgage 60 Fee Assist (Resi60FA) |
1.30% discount off Standard Variable Rate (SVR) for term of loan |
60% |
6.30% |
6.30% APRC |
£200,000 |
| Residential Mortgage 80 (Resi80) |
1.05% discount off Standard Variable Rate (SVR) for term of loan |
80% |
6.55% |
6.70% APRC |
£190,000 |
| Residential Mortgage 80 Fee Assist (Resi80FA) |
0.70% discount off Standard Variable Rate (SVR) for term of loan |
80% |
6.90% |
7.00% APRC |
£190,000 |
| Green Mortgage (GREEN80) |
1.90% discount off Standard Variable Rate (SVR) for term of loan |
80% |
5.70% |
5.80% APRC |
£190,000 |
| Green Mortgage Fee Assist (GREEN80FA) |
1.55% discount off Standard Variable Rate (SVR) for term of loan |
80% |
6.05% |
6.10% APRC |
£190,000 |
| Professional Mortgage (PROF22) |
1.65% discount off Standard Variable Rate (SVR) for term of loan |
80% |
5.95% |
6.10% APRC |
£230,000 |
| Professional Mortgage Fee Assist (PROF22FA) |
1.30% discount off Standard Variable Rate (SVR) for term of loan |
80% |
6.30% |
6.30% APRC |
£230,000 |
| Lending in Retirement Mortgage (LIR22) |
1.65% discount off Standard Variable Rate (SVR) for term of loan |
60% |
5.95% |
6.10% APRC |
£120,000 |
| Lending in Retirement Mortgage Fee Assist (LIR22FA) |
1.30% discount off Standard Variable Rate (SVR) for term of loan |
60% |
6.30% |
6.40% APRC |
£120,000 |
| Medical Professional Mortgage (MedPro) |
1.90% discount off Standard Variable Rate (SVR) for term of loan |
80% |
5.70% |
5.80% APRC |
£300,000 |
| Medical Professional Mortgage Fee Assist (MedProFA) |
1.55% discount off Standard Variable Rate (SVR) for term of loan |
80% |
6.05% |
6.10% APRC |
£300,000 |
| High Income 150 Mortgage (HNW150) |
1.90% discount off Standard Variable Rate (SVR) for term of loan |
80% |
5.70% |
5.80% APRC |
£480,000 |
| High Income 150 Mortgage Fee Assist (HNW150FA) |
1.55% discount off Standard Variable Rate (SVR) for term of loan |
80% |
6.05% |
6.10% APRC |
£480,000 |
| High Income 100 Mortgage (HNW100) |
1.65% discount off Standard Variable Rate (SVR) for term of loan |
80% |
5.95% |
6.10% APRC |
£350,000 |
| High Income 100 Mortgage Fee Assist (HNW100FA) |
1.30% discount off Standard Variable Rate (SVR) for term of loan |
80% |
6.30% |
6.30% APRC |
£350,000 |
| Self Build Mortgage (SB2SVR) |
Standard Variable Rate (SVR) for months 1-24 and from month 25, 1.05% discount off Standard variable Rate (SVR) for remainder of term of loan |
70% |
7.60% month 1-24 6.55% month 25 on |
7.70% |
£200,000 |
| Renovation Mortgage (REN2SVR) |
Standard Variable Rate (SVR) for months 1-24 and from month 25, 1.05% discount off Standard variable Rate(SVR) for remainder of term of loan |
70% |
7.60% month 1-24 6.55% month 25 on |
7.70% |
£190,000 |
| Standard Variable Rate 80 (SVR80) |
Standard Variable Rate (SVR) for term of loan |
80% |
7.60% |
7.80% APRC |
£180,000 |
Buy To Let Mortgage Interest Rates effective 01.09.23
(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: |
| 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% | 6.80% APRC | £190,000 |
| Consumer Buy to Let 60 (CBTL60) |
0.55% over SBS Variable Base Rate (currently 6.00%) with a minimum SBS Base Rate of 3.00% | 60% | 6.55% | 6.80% 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 Buy to Let 75 (CBTL75) |
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 Buy to Let 70 Mortgage(LBTL70) |
0.95% over SBS Variable Base Rate (currently 6.00%) with a minimum SBS Base Rate of 3.00% | 70% | 6.95% | 7.20% APRC | £155,000 |
| Limited Company Holiday Let 70 Mortgage (LHOL70) |
0.95% over SBS Variable Base Rate (currently 6.00%) with a minimum SBS Base Rate of 3.00% | 70% | 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, 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 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.
Representative example
Residential Mortgage 80
Based on a loan of £190,000 for 25 years, on a discounted variable rate of 6.55% for the term of the mortgage the total amount payable would be £389,230.29 made up of the loan amount plus interest repayable by 1 monthly instalment of £1,323.13 followed by 299 monthly instalments of £1,288.84.
Charges included in the total cost of the loan are:
- arrangement fee 1% of the loan (less the application fee) - £1,650
- valuation fee - £499
- CHAPS payment fee - £20
- Property release fee - £125
The overall cost for Comparison is 6.70% APRC representative
Your home may be repossessed if you do not keep up repayments on your mortgage. Think carefully before securing other debts against your home.
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
© 2021 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 | terms and conditions | privacy
