• 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 8.9% APRC representative*
  • Booking Fee of £125 payable upfront and non-refundable
  • Arrangement Fee of £399
  • There is a floor of 2.5% on this mortgage which means that the rate of interest charged will not fall below 2.5%
  • 90% maximum loan to value (A Higher Lending Charge will be applicable if the loan to value is over 75%)
  • Early Repayment charge of 2% of the redemption balance if redeemed or rearranged within the first 2 years
  • Available for purchase or remortgage
*Representative example:
Loan Amount£71,000
Arrangement Fee (added to loan)£399
Electronic Transfer of Funds (added to loan)£30
Total Amount of Credit£71,429
Term25 years
Property Value£170,000
Booking Fee£125
Valuation Fee (including £25 valuation administration fee)£290
Solicitors Mortgage Fees (Estimate)£150
Deeds Release Fee£50
Sealing Fee£100
1 payment at the Society’s SVR (currently 8.39%)£815.49
Followed by 299 payments at the Society’s SVR (currently 8.39%)£569.88
Total Amount Payable£171,924.61
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£99,780.61

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 £399. Provided the total LTV does not exceed 90%, this can be added but 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 90%. 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
  6. Higher Lending Charge, if applicable, may be applied to the mortgage with the cost met by esbs



Product Code 225 – September 2023

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