Fixed

The interest rate is fixed so that monthly repayments are guaranteed to stay the same for an initial period eg 2, 3 or 5 years. During this time the mortgage repayment will be protected from the risk of interest rate rises giving peace of mind of knowing exactly what what repayments are payable each month. However, there will be no benefit benefit if interest rates fall. At the end of the fixed rate period the interest rate will revert to the Society’s underlying variable rate

2.18% 5 Year Fixed - LTV 70%

Initial fixed rate for 5 years

2.18%

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

4.1% APRC

Product fee

£1,250

More Information

Mortgage Helpline

0800 220 568

Talk to us

Product Code - 081FIX

This is a 2.18% 5 year fixed rate mortgage.  A 30% deposit is required.

This mortgage is available for both residential house purchase 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 by the applicant.

An early repayment charge will apply if you repay all or part of your mortgage within the first 5 years. This charge will be applied on a sliding scale of 5% in the first and second year and 4% in the third year, 3% in the fourth year and 2% in the fifth year. However a maximum of 10% overpayment is allowed in each 12 month anniversary period within the first 5 years.

The minimum loan amount is £30,000 and the maximum loan amount is £900,000.

The maximum term available is 40 years.

Representative Example

A mortgage of £200,000 payable over 25 years initially on a fixed rate for 5 years at 2.18% and then on our Mortgage Variable Rate (MVR) of 5.14% (variable) for the remaining 20 years would require 60 monthly payments of £870.84 and 240 monthly payments of £1,130.25.

The total amount payable would be £324,040.40 made up of the loan amount plus interest (£322,345.40) an Application fee of £1250, a CHAPS Fee of £20, a Valuation fee of £305 and a Mortgage Discharge Fee of £120.

The overall cost for comparison is 4.1% APRC representative.

Please note the example above is for a house purchase on a capital and interest repayment basis.

2.48% 5 Year Fixed - LTV 80%

Initial fixed rate for 5 years

2.48%

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

4.2% APRC

Product fee

£1,250

More Information

Mortgage Helpline

0800 220 568

Talk to us

Product Code - 082FIX

This is a 2.48% 5 year fixed rate mortgage.  A 20% deposit is required.

This mortgage is available for both residential house purchase 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 by the applicant.

An early repayment charge will apply if you repay all or part of your mortgage within the first 5 years. This charge will be applied on a sliding scale of 5% in the first and second year and 4% in the third year, 3% in the fourth year and 2% in the fifth year. However a maximum of 10% overpayment is allowed in each 12 month anniversary period within the first 5 years.

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

The maximum term available is 40 years.

Representative Example

A mortgage of £200,000 payable over 25 years initially on a fixed rate for 5 years at 2.48% and then on our Mortgage Variable Rate (MVR) of 5.14% (variable) for the remaining 20 years would require 60 monthly payments of £900.90 and 240 monthly payments of £1,137.27.

The total amount payable would be £327,528.80 made up of the loan amount plus interest (£325,833.80) an Application fee of £1250, a CHAPS Fee of £20, a Valuation fee of £305 and a Mortgage Discharge Fee of £120

.The overall cost for comparison is 4.2% APRC representative.

Please note the example above is for a house purchase on a capital and interest repayment basis.

2.79% 5 Year Unregulated Buy to Let Fixed - LTV 65%

Initial fixed rate for 5 years

2.79%

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

4.6% APRC

Product fee

£1,495

More Information

Mortgage Helpline

0800 220 568

Talk to us

PRODUCT CODE - FBTL35

This is a 2.79% 5 year fixed rate mortgage.  A 35% deposit is required.

This mortgage is available for Unregulated 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 5 years. This charge will be applied on a sliding scale of 5% in the first year,  5% in the second year, 4% in the third year, 3% in the fourth year and 2% in the fifth year. However a maximum of 10% overpayment is allowed in each 12 month anniversary period within the first 5 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 £1,495 fee which can be added to the mortgage or paid up front.

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

Representative Example

FBTL35  65% 5 year Unreg BTL FIXED RATE 2.79%

A mortgage of £200,000 payable over 25 years initially on a fixed rate for 5 years at 2.79% and then on our BTL Mortgage Variable Rate (MVR) of 5.14% (variable) for the remaining 20 years would require 60 monthly payments of £468.52 and 240 monthly payments of £863.13.

The total amount payable would be £437,357.40 made up of the loan amount plus interest (£435,367.40) an Application fee of £1495, a CHAPS Fee of £20 a Valuation fee of £355 and a Mortgage Discharge Fee of £120.

The overall cost for comparison is 4.6% APRC representative.

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

3.34% 5 Year Holiday Let Fixed - LTV 65%

Initial fixed rate for 5 years

3.34%

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

4.8% APRC

Product fee

£1,250

More Information

Mortgage Helpline

0800 220 568

Talk to us

PRODUCT CODE – FRHL13

This is a 3.34% 5 year fixed rate mortgage.  A 35% deposit is required.

This mortgage is available for Holiday 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 5 years. This charge will be applied on a sliding scale of 5% in the first year, 5% in the second year, 4% in the third year, 3% in the fourth year and 2% in the fifth 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 £1,250 fee which can be added to the mortgage or paid up front. 

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 fixed rate for 5 years at 3.34% and then on our BTL Mortgage Variable Rate (MVR) of 5.14% (variable) for the remaining 20 years would require 60 monthly payments of £560.20 and 240 monthly payments of £862.07.

The total amount payable would be £442,358.80 made up of the loan amount plus interest (£440,613.80) an Application fee of £1250, a CHAPS Fee of £20 a Valuation fee of £355 and a Mortgage Discharge Fee of £120.

The overall cost for comparison is 4.8% APRC representative.

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

4.19% 5 Year Holiday Let Fixed - LTV 75%

Initial fixed rate for 5 years

4.19%

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

£1,250

More Information

Mortgage Helpline

0800 220 568

Talk to us

PRODUCT CODE – FRHL15

This is a 4.19% 5 year fixed rate mortgage.  A 25% deposit is required.

This mortgage is available for Holiday 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 5 years. This charge will be applied on a sliding scale of 5% in the first year, 5% in the second year, 4% in the third year, 3% in the fourth year and 2% in the fifth 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 £1,250 fee which can be added to the mortgage or paid up front. 

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 fixed rate for 5 years at 4.19% and then on our BTL Mortgage Variable Rate (MVR) of 5.14% (variable) for the remaining 20 years would require 60 monthly payments of £702.77 and 240 monthly payments of £862.07.

The total amount payable would be £450,863.00 made up of the loan amount plus interest (£449,168.00) an Application fee of £1250, a CHAPS Fee of £20 a Valuation fee of £355 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.

Fixed Mortgages Guide

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