BUILDLOAN EXCLUSIVE - Advance Stage Payment - Discount at 3.95% - Maximum LTV 80%

The Society’s Mortgage Variable Rate 5.14%

Initial variable rate for 2 years


1.19% discount off our Mortgage Variable Rate, then changing to

The Society’s Mortgage Variable Rate


for the remaining term of the mortgage

The overall cost for comparison is

5.2 % 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 3.95% 2 year discounted variable rate mortgage.  A 20% deposit is required.

This product is only available for self-build mortgages and is exclusive to BuildLoan.

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 2% in the first year and 1% in the second year. However a maximum of 10% overpayment is allowed in each 12 month anniversary period within the first 2 years.

If the build completes within the initial 2 year period then the customer will be able to switch to one of the  Society's residential products.

The minimum loan amount is £50,000 and the maximum loan amount is £750,000.

The maximum term available is 40 years.

This mortgage has a £1,500 fee which can be added to the mortgage or paid up front. 

This product is an advance stage payment mortgage meaning funds are released at the start of each stage.

This product has a floor rate of 3.00%

Representative Example

A mortgage of £250,000 payable over 25 years initially on a discount rate for 2 years at 3.95% and then on our Mortgage Variable Rate (MVR) of 5.14% (variable) for the remaining 23 years would require 24 monthly payments of £827.92 and 276 monthly payments of £1077.30.


The total amount payable would be £569,304.88 made up of the loan amount plus interest (£567,309.88) an Application fee of £1500, a CHAPS Fee of £20, a Valuation fee of £355 and a Mortgage Discharge Fee of £120.


The overall cost for comparison is 5.2% APRC representative.


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

Mortgage Calculator

Find out your monthly payments

Fill in the details below to find out how much you will need to pay on a monthly basis on a repayment mortgage and an interest only mortgage.

1How much do you wish to borrow?
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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