• The Society’s Standard Variable Rate (SVR) currently 8.39%. However, if the SVR rate increases you would have a higher interest rate than the rate quoted above and your monthly repayments would increase. Conversely, if the SVR rate decreased, you may have a lower interest rate than the rates quoted above and your monthly repayments may decrease
  • The overall cost for comparison is 8.8% APRC representative*
  • Booking Fee of £125 payable upfront and non-refundable
  • Arrangement Fee of 1% of the original loan amount
  • There is a floor of 2.5% on this mortgage which means that the rate of interest charged will not fall below 2.5%
  • Minimum loan £100,000
  • 75% maximum loan to value
  • There is no Early Repayment Charge if the mortgage is redeemed or rearranged
  • Available for purchase or remortgage
*Representative example:
Loan Amount£181,000
Arrangement Fee (added to loan)£1,810
Electronic Transfer of Funds (added to loan)£30
Total Amount of Credit£182,840
Term25 years
Property Value£360,000
Booking Fee£125
Valuation Fee (including £25 valuation administration fee)£400
Solicitors Mortgage Fees (Estimate)£150
Deeds Release Fee£50
Sealing Fee£100
1 payment at the Society’s SVR (currently 8.39%)£2,087.45
Followed by 299 payments at the Society’s SVR (currently 8.39%)£1,458.75
Total Amount Payable£439,078.70
The Total Amount Payable is made up of the Total Amount of Credit, other fees payable (not added to the loan), plus the interest of£255,413.70

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


Additional information

1. The Society will require a first charge over the property

2. Capital repayments and overpayments are permitted subject to a maximum of 20% per financial year of the amount advanced or transferred capital balance. Capital repayments are subject to a minimum of £1,000 over the normal monthly payment

3. Following receipt of a regular overpayment or lump sum, the amount you owe, and so the interest you pay, is reduced immediately

4. There is an Arrangement Fee of 1% of the original loan amount. This can be added subject to a maximum loan to value of 75% including the fee. If added, interest will be charged for the remaining term of the mortgage, or the fee can be paid on or before completion and interest will not be charged

5. Maximum loan to value 75%. Up to 75% may be on Interest Only if there is a credible repayment strategy in place. The remaining amount must be on a Capital and Interest (repayment) basis.


Product Code 249 – September 2023

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