Society Launches Range of 2 Year Discount Rate Mortgage Products

4 April 2016

New Products April

The Society has launched a range of two year discount rate purchase and remortgage products.

The Society offers a two year discount rate house purchase mortgage at 1.65% (variable), with a maximum Loan to Value (LTV) of 80%. The product is available for house purchase across England and Wales.

For those customers looking to switch their mortgage from another lender, the Society has launched new two year discount rate remortgage products for customers throughout England and Wales, including a product at 2.40% (variable) with an 80% LTV with no product fee, free valuation fee and free legal fees**.

The new range also includes a two year discount rate remortgage product at 2.80% (variable) with a maximum LTV of 90% which is available in the Society’s local geographical area*. This product benefits from no product fee, free valuation fee and free legal fees**.

Colin Strong, Head of Lending Procurement, commented: “This new range of two year discount rate products offers an ideal option for customers seeking competitive house purchase or remortgage products. The Society has recently been nominated by the 2016 Moneyfacts Awards in the categories of ‘Regional Lending Provider of the Year’ and ‘Best Service from a Mortgage Provider’, and this launch demonstrates clearly our ongoing excellence and the quality of our mortgage products and services.”

Further information about the product range including full terms and conditions, can be found here.

Your home may be repossessed if you do not keep up repayments on your mortgage. Think carefully before securing other debts against your home.

Geographic Restrictions

* The Society's local geographical area is defined as postcode areas: NP, CF, SA, LD, WR, GL, HR and BS. See individual product information for full terms and conditions.

Legal Fees

** You will not have to pay the usual legal fees if the Society’s appointed solicitors are used. Our solicitors act for the Society only to ensure we have good legal claim over your property. (You will have to pay for any additional legal work that the solicitors do which is beyond the usual scope of a simple remortgage, for example, change of your name, transfers of equity, deeds of postponement, merger of freehold and leasehold).


Loans available to persons aged 18 or over and are subject to status and valuation of a suitable property, over which security will be required. All lending will be subject to appraisal of the financial standing of the applicants.

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