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Latest news: Savings rates increased

2 year discount 65% loan to value

Discounted for 2 years

Early Repayment Charges apply.

This product may be withdrawn at any time.

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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
3.45% discount from our Standard Variable Rate for 2 years
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.
the overall cost for comparison is 4.2% APRC

Product key features

Mortgage amounts

There is a minimum mortgage amount of £75,000.

This product has a maximum mortgage amount of £450,000.

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

The maximum loan to value is 65%.

Interest rate floor

The interest rate is floored and cannot fall below 1.54%.

Mortgage repayment terms

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

Early Repayment Charges

Up to 10% of the original mortgage amount can be repaid each year without charge. If the mortgage is redeemed or switched to another product during the discount rate product term then an Early Repayment Charge will apply.

The Early Repayment Charge will be calculated at:

  • 2% of the amount repaid during the first year; and
  • 1% of the amount repaid 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 £205,000 payable over 15 years initially on a discounted variable rate for 2 years from inception, currently 1.54% (equal to a 3.45% discount from our SVR) and then our SVR, currently 4.99% for the remaining term would require an initial payment of £1,284.88 followed by 23 monthly payments of £1,276.22 and 156 monthly payments of £1,573.44.

The total amount payable would be £276,794.58 made up of the mortgage amount plus interest (£71,094.58) with a valuation fee of £400, legal fees of £150, a telegraphic transfer fee of £25 and mortgage exit fees of £125.

The overall cost for comparison is 4.2% APRC representative.

Laurence, our Mortgage Adviser is here 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
*Calls from landlines are charged at the standard rate. Calls from mobiles may vary.

We are here to help you...

  • Discuss your mortgage
  • Answer any questions
  • Check how much you can borrow
  • Help with your application
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Your home may be repossessed if you do not keep up repayments on your mortgage.