2 Year Discount ERC Free at 1.89% - Maximum LTV 80%

The Society's Mortgage Variable Rate currently 5.14%

Initial variable rate for 2 years


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

The Society's Mortgage Variable Rate currently


for the remaining term of the mortgage

The overall cost for comparison is

4.7 % APRC

Product fee


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

Full Details

Details of the selected product


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.

Mortgage Calculator

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2What interest rate percentage would you like an illustration on (not the APRC)?
3How long do you want to repay the mortgage?
40 years
0 months

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