2 year discount 90% loan to value

Discounted for 2 years

Early Repayment Charges apply.

This product may be withdrawn at any time.

 
arrangement fee
This can be paid up-front or added to the mortgage. Bear in mind that if you add the fee to your mortgage, you'll pay interest on it at the same rate as your mortgage and as a result will pay more interest over the term of your mortgage.
no fee
booking fee
This fee must be paid when you apply for your mortgage.
no fee
initial rate
2.00% discount from our Standard Variable Rate for 2 years
3.24%
followed by our SVR
Our Standard Variable Rate (or SVR) reflects our cost of lending using a number of factors, including the Bank of England Base Rate. As the SVR is a variable rate it can change at any time.
5.24%
the overall cost for comparison is 5.0% APRC
 

Product key features

Product relates fees

There's an arrangement fee of £999. This fee can be added to the amount you borrow or paid up front by deducting the fee from the mortgage amount.

If you add the fee to your mortgage you'll pay interest on the fee at the same rate as your mortgage.

Product incentives

Valuation fee contribution: We'll cover the cost of one standard mortgage valuation on a property valued up to £400,000. You can choose to have a RICS Homebuyers Report, however you'll have to cover the difference in cost.

Fees assisted legals: We'll cover the costs of any standard legal fees involved. You will have to pay any non-standard costs and you'll be advised if any should apply. If you choose to use our own conveyancers they'll only act for us and not for you during the remortgage transaction. If you need to add or remove a name on the mortgage you must appoint your own solicitors, and you'll receive £150 cashback towards your costs.

Mortgage amounts

There's a minimum mortgage amount of £50,000.

This product has a maximum mortgage amount of £350,000.

The minimum loan is £25,000. This increases to £250,000 for properties located within the M25 corridor.

The maximum loan to value is 90%.

Interest rate floor

Your interest rate can't fall below 2.99%.

Mortgage repayment terms

The minimum repayment term is 5 years and the maximum repayment term is 35 years.

Early Repayment Charges

You can make overpayments up to 10% of the original mortgage amount each year. Any payments taking you over this allowance, including redeeming or switching will be subject to an Early Repayment Charge.

Your Early Repayment Charge decreases throughout the product term, starting at 2% of the amount repaid during the first year, and 1% during the second year.

Mortgage tariff of charges

The mortgage tariff of charges details the various fees and charges that may apply during the term of your mortgage.

Representative example

A mortgage of £190,000 payable over 30 years initially on a discounted variable rate for 2 years from inception, currently 3.24% (equal to a 2.00% discount from our SVR) and then our SVR, currently 5.24% for the remaining term would require an initial payment of £758.48 followed by 23 monthly payments of £743.26 and 336 monthly payments of £931.78.

The total amount payable would be £331,081.54 made up of the mortgage amount plus interest (£159,931.54), with a telegraphic transfer fee of £25 and mortgage exit fees of £125.

The overall cost for comparison is 5.0% APRC representative.

Zoe, from our mortgage team is happy to help 0121 557 2551* Contact Us
Our lines are open:
Monday - Tuesday09:00 - 17:00
Wednesday09:30 - 17:00
Thursday - Friday09:00 - 17:00
Saturday09:00 - 12:00
SundayClosed
*Calls from landlines are charged at the standard rate. Calls from mobiles may vary.

Here to help you...

  • Answer your questions
  • Find a remortgage suitable to you
  • Discuss your needs with us
  • Book an appointment with one of our Mortgage Advisers

Our mortgage customers say...

"I have always been provided with steady support and the Society helped me through some sensitive situations with comfort and help." Mrs Main
Mortgage customer read more

Our mortgage customers say...

"I stay with the Society as I always receive excellent customer service and I enjoy the personalisation and the sales process is never pushy or rushed." Miss Savell-Boss
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Your home may be repossessed if you do not keep up repayments on your mortgage.