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Discounted Mortgages
This type of mortgage is discounted from our Standard Variable Rate, which is set by the Society's Board of Directors and can vary upwards and downwards. As the interest rate is variable, payments can vary as the interest rate changes.
Our mortgages
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2 Year Discount 60% LTV
Initial Interest Rate
5.20%
Maximum Loan To Value (LTV)
60%
Overall Cost for Comparison
7.80%
Product Code
R200
The following is a representative example based on a mortgage of £230,000 payable over 25 years initially on a discounted variable rate of 5.20% for 2 years, a further discounted variable rate of 7.34% for 4 years, followed by our Standard Variable Rate of 8.59%. In this example you would make 24 monthly payments of £1,371.49, 48 payments of £1,656.82 and 228 monthly payments of £1,812.68.
The total amount payable would be £525,809.16 made up of the loan amount plus interest of £295,734.16 and the following cost, a Mortgage Exit Administration Fee (£75.00).
The overall cost for comparison is 7.8% APRC representative.
Note: What you will pay may vary from this and will depend on your personal circumstances.
2 Year Discount 80% LTV
Initial Interest Rate
5.30%
Maximum Loan To Value (LTV)
80%
Overall Cost for Comparison
7.80%
Product Code
R201
The following is a representative example based on a mortgage of £230,000 payable over 25 years initially on a discounted variable rate of 5.30% for 2 years, a further discounted variable rate of 7.34% for 4 years, followed by our Standard Variable Rate of 8.59%. In this example you would make 24 monthly payments of £1,385.06, 48 payments of £1,657.82 and 228 monthly payments of £1,813.76.
The total amount payable would be £526,429.08 made up of the loan amount plus interest of £296,354.08 and the following cost, a Mortgage Exit Administration Fee (£75.00).
The overall cost for comparison is 7.8% APRC representative.
Note: What you will pay may vary from this and will depend on your personal circumstances.
5 Year Discount 80% LTV
Initial Interest Rate
5.84%
Maximum Loan To Value (LTV)
80%
Overall Cost for Comparison
7.50%
Product Code
R182
The following is a representative example based on a mortgage of £230,000 payable over 25 years initially on a discounted variable rate of 5.84% for 5 years, a further discounted variable rate of 7.34% for 1 year, followed by our Standard Variable Rate of 8.59%. In this example you would make 60 monthly payments of £1,459.48, 12 payments of £1,642.33 and 228 monthly payments of £1,796.82.
The total amount payable would be £517,026.72 made up of the loan amount plus interest of £286,951.72 and the following costs, a Mortgage Exit Administration Fee (£75.00).
The overall cost for comparison is 7.5% APRC representative.
Note: What you will pay may vary from this and will depend on your personal circumstances.
2 Year Discount 85% LTV
Initial Interest Rate
5.45%
Maximum Loan To Value (LTV)
85%
Overall Cost for Comparison
7.80%
Product Code
R202
The following is a representative example based on a mortgage of £230,000 payable over 25 years initially on a discounted variable rate of 5.45% for 2 years, a further discounted variable rate of 7.34% for 4 years, followed by our Standard Variable Rate of 8.59%. In this example you would make 24 monthly payments of £1,405.54, 48 payments of £1,659.29 and 228 monthly payments of £1,815.37
The total amount payable would be £527,358.24 made up of the loan amount plus interest of £297,283.24 and the following costs, a Mortgage Exit Administration Fee (£75.00).
The overall cost for comparison is 7.8% APRC representative.
Note: What you will pay may vary from this and will depend on your personal circumstances.
2 Year Discount 90% LTV
Initial Interest Rate
5.75%
Maximum Loan To Value (LTV)
90%
Overall Cost for Comparison
7.90%
Product Code
R184
The following is a representative example based on a mortgage of £230,000 payable over 25 years initially on a discounted variable rate of 5.75% for 2 years, a further discounted variable rate of 7.34% for 4 years, followed by our Standard Variable Rate of 8.59%. In this example you would make 24 monthly payments of £1,446.94, 48 payments of £1,662.15. and 228 monthly payments of £1,818.51.
The total amount payable would be £529,205.04 made up of the loan amount plus interest of £299,130.04 and the following cost, a Mortgage Exit Administration Fee (£75.00).
The overall cost for comparison is 7.9% APRC representative.
Note: What you will pay may vary from this and will depend on your personal circumstances.
2 Year Discount 95% LTV
Initial Interest Rate
6.30%
Maximum Loan To Value (LTV)
95%
Overall Cost for Comparison
8.00%
Product Code
R185
The following is a representative example based on a mortgage of £230,000 payable over 25 years initially on a discounted variable rate of 6.30% for 2 years, a further discounted variable rate of 7.34% for 4 years, followed by our Standard Variable Rate of 8.59%. In this example you would make 24 monthly payments of £1,524.36, 48 payments of £1,667.17 and 228 monthly payments of £1,823.99.
The total amount payable would be £532,553.52 made up of the loan amount plus interest of £302,478.52 and the following cost, a Mortgage Exit Administration Fee (£75.00).
The overall cost for comparison is 8.0% APRC representative.
Note: What you will pay may vary from this and will depend on your personal circumstances.
Term End - 2 Year Discount 90% LTV
Initial Interest Rate
7.34%
Maximum Loan To Value (LTV)
90%
Overall Cost for Comparison
8.60%
Product Code
R210
The following is a representative example based on a mortgage of £230,000 payable over 25 years initially on a discounted variable rate of 7.34% for 2 years followed by our Standard Variable Rate of 8.59%. In this example you would make 24 monthly payments of £1,675.82, 276 monthly payments of £1,855.98.
The total amount payable would be £552,545.16 made up of the loan amount plus interest of £322,470.16 and the following cost, a Mortgage Exit Administration Fee (£75.00).
The overall cost for comparison is 8.6% APRC representative.
Note: What you will pay may vary from this and will depend on your personal circumstances.