Let's get started

We’re here to benefit our members

Mortgages for direct customers

Your local mortgage lender offering a personal, tailored and flexible mortgage service specialising in:

  • 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
  • Lending Into Retirement
  • Lending In Retirement
  • Professionals/public service employees

If you are a mortgage broker / mortgage professional, please click here to access our intermediaries mortgage site which is designed for mortgage brokers / mortgage professionals.

Click here for a copy of our Mortgage Guide.

Residential Mortgage Interest Rates effective 01.10.2020

(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%

2.70%

2.80% APRC

£135,000

Residential Mortgage 50 Fee Assist (Resi50FA)

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

50%

3.05%

3.10% APRC

£135,000

Residential Mortgage 60 (Resi60)

1.65% discount off Standard Variable Rate (SVR) for term of loan

60%

2.95%

3.10% APRC

£135,000

Residential Mortgage 60 Fee Assist (Resi60FA)

1.30% discount off Standard Variable Rate (SVR) for term of loan

60%

3.30%

3.40% APRC

£135,000

Residential Mortgage 80 (Resi80)

1.05% discount off Standard Variable Rate (SVR) for term of loan

80%

3.55%

3.70% APRC

£135,000

Residential Mortgage 80 Fee Assist (Resi80FA)

0.70% discount off Standard Variable Rate (SVR) for term of loan

80%

3.90%

4.00% 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

Professional Mortgage Fee Assist (PROFFA)

1.05% discount off Standard Variable Rate (SVR) for term of loan

80%

3.55%

3.60% APRC

£260,000

Lending in Retirement Mortgage (LIR130)

1.05% discount off Standard Variable Rate (SVR) for term of loan

60%

3.55%

3.70% APRC

£140,000

Lending in Retirement Mortgage Fee Assist (LIR130FA)

0.70% discount off Standard Variable Rate (SVR) for term of loan

60%

3.90%

4.00% APRC

£140,000

Medical Professional Mortgage (MedPro)

1.90% discount off Standard Variable Rate (SVR) for term of loan

80%

2.70%

2.80% APRC

£260,000

Medical Professional Mortgage Fee Assist (MedProFA)

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

80%

3.05%

3.10% APRC

£260,000

High Income 150 Mortgage (HNW150)

1.90% discount off Standard Variable Rate (SVR) for term of loan

80%

2.70%

2.80% APRC

£410,000

High Income 150 Mortgage Fee Assist (HNW150FA)

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

80%

3.05%

3.10% APRC

£410,000

High Income 100 Mortgage (HNW100)

1.65% discount off Standard Variable Rate (SVR) for term of loan

80%

2.95%

3.10% APRC

£215,000

High Income 100 Mortgage Fee Assist (HNW100FA)

1.30% discount off Standard Variable Rate (SVR) for term of loan

80%

3.30%

3.30% APRC

£215,000

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%

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) for months 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 80
(SVR80)

Standard Variable Rate (SVR) for term of loan

80%

4.60%

4.70% APRC

£155,000

 

Buy To Let Mortgage Interest Rates effective 01.10.2020

(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 with a minimum SBS Base Rate of 3.00% 60% 3.55% 3.70% APRC £185,000
Consumer Buy to Let 60
(CBTL60)
0.55% over SBS Variable Base Rate with a minimum SBS Base Rate of 3.00% 60% 3.55% 3.70% APRC £185,000
Buy to Let 70
(BTL70)
0.95% over SBS Variable Base Rate with a minimum SBS Base Rate of 3.00% 70% 3.95% 4.10% APRC £185,000
Consumer Buy to Let 70
(CBTL70)
0.95% over SBS Variable Base Rate with a minimum SBS Base Rate of 3.00% 70% 3.95% 4.10% APRC £185,000
Holiday Let 60
(HOL60)
0.55% over SBS Variable Base Rate with a minimum SBS Base Rate of 3.00% 60% 3.55% 3.70% APRC £210,000
Holiday Let 70
(HOL70)
0.95% over SBS Variable Base Rate with a minimum SBS Base Rate of 3.00% 70% 3.95% 4.10% 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%
  • 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 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 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 £135,000 for 25 years, on a discounted variable rate of 3.55% for the term of the mortgage the total amount payable would be £205,779.17 made up of the loan amount plus interest repayable by 1 monthly instalment of £692.64 followed by 299 monthly instalments of £679.47.

Charges included in the total cost of the loan are:

  • arrangement fee 1% of the loan (less the application fee) - £1,100
  • valuation fee - £450
  • CHAPS payment fee - £20
  • Property release fee - £125

The overall cost for Comparison is 3.70% 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.