monthly repayment
This figure is a projection only and may differ from your actual monthly repayment
£856.92
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
2.90% discount from our Standard Variable Rate until 31 July 2027
5.69%
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.
8.59%
the overall cost for comparison is 7.8% APRC

Discounted until 31/07/2027 . Early Repayment Charges apply. . This product may be withdrawn at any time.

Product key features

Mortgage amounts

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

This product has a maximum mortgage amount of £500,000.

We have a minimum property value of £100,000 which increases to £250,000 for properties located within the M25 corridor.

The maximum loan to value is 85%.

YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

Interest rate floor

The interest rate is floored, meaning if rates drop it cannot fall below 3.49%.

YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

Mortgage repayment terms

The minimum repayment term is 5 years and the maximum repayment term is 40 years. Maximum term will depend upon individual circumstances, for example applicant age and leasehold property restrictions.

YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

Early Repayment Charges

Early Repayment Charges apply during the product term. You can overpay up to 10% of the original mortgage amount each calendar year without charge. However, if the overpayment exceeds 10%, the mortgage is repaid in full, or switched to another product before the end of the product term then the full amount of the Early Repayment Charge will apply.

The Early Repayment Charge will be calculated at:

  • 4% of the amount repaid until 31 July 2024;
  • 3% of the amount repaid until 31 July 2025; and
  • 2% of the amount repaid until 31 July 2027.

YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

Mortgage tariff of charges

The mortgage tariff of charges details the various fees and charges that may apply during the term of your mortgage. To view these, please click here.

YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

Representative example

A mortgage of £260,000 payable over 17 years initially on a discounted variable rate until 31 July 2027, currently 5.69% (equal to a 2.90% discount from our SVR) and then our SVR, currently 8.59% for the remaining term would require an initial payment of £2,032.19 followed by 36 monthly payments of £1,991.58 and 167 monthly payments of £2,358.68.

The total amount payable would be £468,328.63 made up of the mortgage amount plus interest (£207,628.63) with a mortgage 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 7.8% APRC representative.

YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

We are here to help you...

  • Answer any questions
  • Book a mortgage appointment
  • Assess your options
  • Check affordability
Laurence, our Mortgage Adviser is here to help 0121 557 2551*
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.
"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
"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
Mortgage customer read more

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