Discount

The monthly repayments are variable and the interest rate will be set at a pre-determined discount from the Society’s underlying variable rate for an initial period eg 2 or 3 years. The monthly repayment will increase or decrease in line with the Society’s decision to change its underlying variable rate. At the end of the discounted period the interest rate will revert to the Society’s underlying variable rate.

Filter Mortgages:
Term:

1.59% for 2 years Discount - LTV 80%

Initial variable rate for 2 years

1.59%

3.55% discount off our Mortgage Variable Rate, then changing to

The Society’s Mortgage Variable Rate

5.14%

for the remaining term of the mortgage

The overall cost for comparison is

4.7% APRC

Product fee

£999

More Information

Mortgage Helpline

0800 220 568

Talk to us

PRODUCT CODE - DS335

This is a 1.59% 2 year discounted variable rate mortgage.  A 20% deposit is required.

This mortgage is available for both house purchase and remortgages on a capital and interest basis.

A free legal and valuation package is available for standard remortgages in England and Wales with a contribution towards legal fees in Scotland. For purchases fees are payable the applicant.

An early repayment charge will apply if you repay all or part of your mortgage within the first 2 years. This charge will be applied on a sliding scale of 3% in the first year and 2% in the second year. However a maximum of 10% overpayment is allowed in each 12 month anniversary period within the first 2 years.

The minimum loan amount is £30,000 and the maximum loan amount is £800,000.

The maximum term available is 40 years.

This mortgage has a £999 fee which can be added to the mortgage or paid up front. 

This product has a floor rate.

Representative Example

 mortgage of £200,000 payable over 25 years initially on a discount rate for 2 years at 1.59% and then on our Mortgage Variable Rate (MVR) of 5.14% (variable) for the remaining 23 years would require 24 monthly payments of £812.48  and 276 monthly payments of £1,160.84.

The total amount payable would be £340,421.36 made up of the loan amount plus interest (£338,977.36) an Application fee of £999, a valuation fee of £305 a CHAPS Fee of £20 and a Mortgage Discharge Fee of £120.

The overall cost for comparison is  4.7% APRC representative.

Please note the example above is for a house purchase on a Capital and Interest repayment basis.

1.89% for 2 years ERC Free Discount - LTV 80%

Initial variable rate for 2 years

1.89%

3.25% discount off our Mortgage Variable Rate, then changing to ..

The Society's Mortgage Variable Rate currently

5.14%

for the remaining term of the mortgage

The overall cost for comparison is

4.7% APRC

Product fee

£999

More Information

Mortgage Helpline

0800 220 568

Talk to us

PRODUCT CODE - DS337

This is a 1.89% 2 year discounted variable rate mortgage.  A 20% deposit is required.

This mortgage is available for both residential house purchase and remortgages on a capital and interest basis.

This product is not available for product switches.

A valuation package is available for purchases and remortgages. Free legal package available in England and Wales with a contribution towards legal fees in Scotland available on remortgages only 

The minimum loan amount is £30,000 and the maximum loan size is £800,000.

The maximum term available is 40 years.

This product has a floor rate.

This mortgage has a £999 fee which can be added to the mortgage or paid up front.

Representative Example

 

A mortgage of £200,000 payable over 25 years initially on a discount rate for 2 years at 1.89% and then on our Mortgage Variable Rate (MVR) of 5.14% (variable) for the remaining 23 years would require 24 monthly payments of £841.30 and 276 monthly payments of £1,163.86.

 

The total amount payable would be £341,946.56 made up of the loan amount plus interest (£340,502.56) an Application fee of £999, a valuation fee of £305 a CHAPS Fee of £20 and a Mortgage Discharge Fee of £120.

 

The overall cost for comparison is  4.7% APRC representative.

 

Please note the example above is for a house purchase on an Capital and Interest repayment basis.

1.99% for 2 years Fee Free Discount - LTV 80%

Initial variable rate for 2 years

1.99%

3.15% discount off our Mortgage Variable Rate, then changing to ..

The Society's Mortgage Variable Rate currently

5.14%

for the remaining term of the mortgage

The overall cost for comparison is

4.7% APRC

Product fee

FREE

More Information

Mortgage Helpline

0800 220 568

Talk to us

PRODUCT CODE - DS336

This is a 1.99% 2 year discounted variable rate mortgage.  A minimum 20% deposit is required.

This mortgage is available for both residential house purchase and remortgages on a capital and interest basis.

This product is not available for product switches.

A valuation package is available for purchases and remortgages. Free legal package available in England and Wales with a contribution towards legal fees in Scotland available on remortgages only 

An early repayment charge will apply if you repay all or part of your mortgage within the first 2 years. This charge will be applied on a sliding scale of 3% in the first year and 2% in the second year. However a maximum of 10% overpayment is allowed in each 12 month anniversary period within the first 2 years.

The minimum loan amount is £30,000 and the maximum loan size is £800,000.

The maximum term available is 40 years.

This product has a floor rate.

Representative Example

 

A mortgage of £200,000 payable over 25 years initially on a discount rate for 2 years at 1.99% and then on our Mortgage Variable Rate (MVR) of 5.14% (variable) for the remaining 23 years would require 24 monthly payments of £846.82  and 276 monthly payments of £1,159.05.

 

The total amount payable would be £340,801.48 made up of the loan amount plus interest (£340,306.48) an Application fee of £0, a valuation fee of £355 a CHAPS Fee of £20 and a Mortgage Discharge Fee of £120.

 

The overall cost for comparison is 4.7% APRC representative.

 

Please note the example above is for a house purchase on an Capital and Interest repayment basis.

4.99% for 2 years (Short Term Lending) Discount - LTV 60%

Initial variable rate for 2 years

4.99%

0.15% discount off our Mortgage Variable Rate, then changing to

The Society's Mortgage Variable Rate currently

5.14%

for the remaining term of the mortgage

The overall cost for comparison is

5.5% APRC

Product fee

£999

More Information

Mortgage Helpline

0800 220 568

Talk to us

PRODUCT CODE - STL005

This is a 4.99% 2 year variable rate mortgage.  A 40% deposit is required.

This mortgage is available for both house purchase and remortgages.

A free legal and valuation package is available for standard remortgages in England and Wales with a contribution towards legal fees in Scotland. For purchases fees are payable the applicant

There is no early repayment charge for this mortgage and no restriction on overpayments.

The minimum loan amount is £30,000 and the maximum loan amount is £500,000.

The maximum term available is 2 years.

Please Note:

Applications will need to meet the Society’s standard lending criteria.

Repayments will be required throughout the term of the mortgage and interest will not be rolled up.

This mortgage has a £999 fee which can be added to the mortgage or paid up front.  If adding the fee to the loan amount this must not exceed the maximum LTV. 

This product has a floor rate.

Representative Example

A mortgage of £200,000 payable over 2 years initially on a variable rate for 2 years at 4.99% would require 24 monthly payments of £903.59.

 

The total amount payable would be £221,660.60 made up of the loan amount plus interest (£220,521.60) an Application fee of £999, a CHAPS Fee of £20.00 and a Mortgage Discharge Fee of £120.00.

 

The overall cost for comparison is 5.5% APRC representative.

 

Please note the example above is for a house purchase on an interest only basis.

2.89% for 2 years (Unregulated BTL) Discount - LTV 75%

Initial variable rate for 2 years

2.89%

2.25% discount off our Buy to Let Mortgage Variable Rate, then changing to

The Society's Buy to Let Mortgage Variable Rate currently

5.14%

for the remaining term of the mortgage

The overall cost for comparison is

5.0% APRC

Product fee

£995

More Information

Mortgage Helpline

0800 220 568

Talk to us

PRODUCT CODE - LET137

This is a 2.89% 2 year discounted variable rate mortgage.  A 25% deposit is required.

This mortgage is available for Unregulated Buy to Let purchases and remortgages and is not available for product switches.

A free legal and valuation package is available for standard remortgages in England and Wales with a contribution towards legal fees in Scotland. For purchases fees are payable the applicant.

An early repayment charge will apply if you repay all or part of your mortgage within the first 2 years. This charge will be applied on a sliding scale of 3% in the first year and 2% in the second year. However a maximum of 10% overpayment is allowed in each 12 month anniversary period within the first 2 years.

The minimum loan amount is £50,000 and the maximum loan amount is £500,000.

The maximum term available is 40 years.

This mortgage has a £995 fee which can be added to the mortgage or paid up front.  This product has a floor rate.

If the product fee is added to the loan it must not exceed the maximum LTV.

Representative Example

A mortgage of £200,000 payable over 25 years initially on a discount rate for 2 years at 2.89% and then on our BTL Mortgage Variable Rate (MVR) of 5.14% (variable) for the remaining 23 years would require 24 monthly payments of £484.11 and 276 monthly payments of £861.02.

 

The total amount payable would be £450,805.16 made up of the loan amount plus interest (£449,365.16) an Application fee of £995, a valuation fee of £305 a CHAPS Fee of £20 and a Mortgage Discharge Fee of £120.

 

The overall cost for comparison is 5.0% APRC representative.

 

Please note the example above is for a house purchase on an Interest Only repayment basis.

3.45% for 2 years (Regulated BTL) Discount - LTV 75%

Initial variable rate for 2 years

3.45%

1.69% discount off our Buy to Let Mortgage Variable Rate, then changing to

The Society's Buy To Let Mortgage Variable Rate

5.14%

for the remaining term of the mortgage

The overall cost for comparison is

5.1% APRC

Product fee

£995

More Information

Mortgage Helpline

0800 220 568

Talk to us

PRODUCT CODE - REGL02

This is a 3.45% 2 year discounted variable rate mortgage.  A 25% deposit is required.

This mortgage is available for both Buy to Let purchases and remortgages.

A free legal and valuation package is available for standard remortgages in England and Wales with a contribution towards legal fees in Scotland. For purchases fees are payable the applicant.

An early repayment charge will apply if you repay all or part of your mortgage within the first 2 years. This charge will be applied on a sliding scale of 3% in the first year and 2% in the second year. However a maximum of 10% overpayment is allowed in each 12 month anniversary period within the first 2 years.

The minimum loan amount is £50,000 and the maximum loan amount is £500,000.

The maximum term available is 40 years.

This mortgage has a £995 fee which can be added to the mortgage or paid up front.  This product has a floor rate.

If the product fee is added to the loan it must not exceed the maximum LTV.

Representative Example

A mortgage of £200,000 payable over 25 years initially on a discount rate for 2 years at 3.45% and then on our BTL Mortgage Variable Rate (MVR) of 5.14% (variable) for the remaining 23 years would require 24 monthly payments of £577.92  and 276 monthly payments of £861.01.

 

The total amount payable would be £453,053.84 made up of the loan amount plus interest (£451,613.84) an Application fee of £995, a valuation fee of £305 a CHAPS Fee of £20 and a Mortgage Discharge Fee of £120.

 

The overall cost for comparison is 5.1% APRC representative.

 

Please note the example above is for a house purchase on an Interest Only repayment basis.

3.25% for 2 years (Regulated BTL) Discount - LTV 65%

Initial variable rate for 2 years

3.25%

1.89% discount off our Buy to Let Mortgage Variable Rate, then changing to

The Society's Buy To Let Mortgage Variable Rate

5.14%

for the remaining term of the mortgage

The overall cost for comparison is

5.1% APRC

Product fee

£995

More Information

Mortgage Helpline

0800 220 568

Talk to us

PRODUCT CODE - REGL01

This is a 3.25% 2 year discounted variable rate mortgage.  A 35% deposit is required.

This mortgage is available for both house purchase and remortgages.

A free legal and valuation package is available for standard remortgages in England and Wales with a contribution towards legal fees in Scotland. For purchases fees are payable the applicant.

An early repayment charge will apply if you repay all or part of your mortgage within the first 2 years. This charge will be applied on a sliding scale of 3% in the first year and 2% in the second year. However a maximum of 10% overpayment is allowed in each 12 month anniversary period within the first 2 years.

The minimum loan amount is £50,000 and the maximum loan amount is £500,000.

The maximum term available is 40 years.

This mortgage has a £995 fee which can be added to the mortgage or paid up front.  This product has a floor rate.

If the product fee is added to the loan it must not exceed the maximum LTV.

Representative Example

A mortgage of £200,000 payable over 25 years initially on a discount rate for 2 years at 3.25% and then on our BTL Mortgage Variable Rate (MVR) of 5.14% (variable) for the remaining 23 years would require 24 monthly payments of £544.42  and 276 monthly payments of £861.01.

The total amount payable would be £452,299.84 made up of the loan amount plus interest (£450,850.84) an Application fee of £995, a valuation fee of £355 a CHAPS Fee of £20.00 and a Mortgage Discharge Fee of £120.00.

The overall cost for comparison is  5.1% APRC representative.

Please note the example above is for a house purchase on an Interest Only repayment basis.

Discount Mortgages Guide

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