3 year discount 95% loan to value

Discounted until 31/07/2020.

This product may be withdrawn at any time.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
1.66% discount from our Standard Variable Rate until 31 July 2020.
3.08%
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.
4.74%
the overall cost for comparison is 4.5% APRC

Product key features

Product incentives

Cashback: There is a 0.2% cashback which is paid on completion of the mortgage.

Mortgage amounts

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

This product offers a maximum mortgage amount of £250,000.

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

The maximum loan to value is 95%.

Mortgage repayment terms

There is a minimum repayment term of 5 years, and a maximum repayment term of 35 years.

Interest rate floor

Your interest rate is discounted from our Standard Variable Rate and cannot fall below 2.99%.

Early Repayment Charges

No Early Repayment Charges apply to this product.

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 £159,900 payable over 30 years initially on a discounted variable rate until 31 July 2020, currently 3.08% (equal to a 1.66% discount from our SVR) and then our SVR, currently 4.74% for the remaining term would require an initial payment of £694.59 followed by 35 monthly payments of £681.06 and 324 monthly payments of £819.95.

The total amount payable would be £290,770.49 made up of the mortgage amount plus interest (£130,295.49) with a mortgage valuation fee of £275, legal fees of £150, a telegraphic transfer fee of £25 and mortgage exit fees of £125.

The overall cost for comparison is 4.5% APRC representative.

Zoe, from our mortgage team is happy to help 0121 557 2551* or arrange a callback
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.

We are happy to help you...

  • Book a mortgage appointment
  • Discuss your existing account
  • Find the best mortgage for you
  • Answer any questions

Our mortgage customers say...

"You soon get to know the people you are dealing with, which helps to take the stress out of your mortgage." Mrs Main
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Our mortgage customers say...

"My experience with the Society has allowed me to get a mortgage I am happy with and I know they are only at the other end of the phone if and when I need them." Miss Savell-Boss
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Your home may be repossessed if you do not keep up repayments on your mortgage.