2 year discount 90% loan to value

Discounted until 31/01/2020.

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This product may be withdrawn at any time.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.
£999
booking fee
This fee must be paid when you apply for your mortgage.
no fee
initial rate
2.15% discount from our Standard Variable Rate until 31 January 2020.
2.84%
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.
4.99%
the overall cost for comparison is 4.6% APRC
 

Product key features

Product related fees

There is an arrangement fee of £999. This fee can be paid up front by deducting the fee from the amount you borrow, alternatively you can add the fee to the amount you borrow.

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

Mortgage amounts

There is a minimum mortgage amount of £50,000 and a maximum mortgage amount of £350,000.

There is a minimum property value of £75,000, increasing to £250,000 for properties located within the M25 corridor.

The maximum loan to value is 90% of the purchase price or valuation, whichever is lower.

Mortgage repayment terms

A minimum mortgage term of 5 years applies. There is also a maximum term of 35 years.

Interest rate floor

Your interest rate is floored and cannot reduce below 2.84%.

Early Repayment Charges

We allow you to overpay up to 10% of the original mortgage amount each year without charge. If you exceed 10%, switch products or redeem your mortgage during the product term then an Early Repayment Charge will be payable.

The Early Repayment Charge reduces each year, starting at 3% of the amount repaid until 31 January 2018, then 2% of the amount repaid until 31 January 2019, and 1% until 31 January 2020.

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 £180,000 payable over 20 years initially on a discounted variable rate until 31 January 2020, currently 2.84% (equal to a 2.15% discount from our SVR) and then our SVR, currently 4.99% for the remaining term would require an initial payment of £1,003.49 followed by 24 monthly payments of £989.38 and 215 monthly payments of £1,173.51.

The total amount payable would be £277,728.26 made up of the mortgage amount plus interest (£97,053.26) with a mortgage arrangement fee of £999, a mortgage valuation fee of £375, legal fees of £150, a telegraphic transfer fee of £25 and mortgage exit fees of £125.

The overall cost for comparison is 4.6% APRC representative.

Zoe, from our mortgage team is happy to help 0121 557 2551* Contact Us
Our branches 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.

Happy to help you...

  • Find a new mortgage
  • Answer your mortgage questions
  • Discuss your mortgage with us
  • Book an appointment

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
Mortgage customer read more

Your home may be repossessed if you do not keep up repayments on your mortgage.