Society Launches Range of 2 Year Discount Rate Mortgage Products

9 June 2016

Middle Aged Couple

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

The new house purchase product range offers competitive interest rates and up to 95% Loan to Value (LTV) in the Society’s local geographical area*.

The Society’s two year discount rate house purchase mortgage at 3.09% (variable) is available with a maximum LTV of 95% in the Society’s local geographical area*. The product is ideal for first-time buyers and other home movers who may be finding it difficult to save up for a larger deposit. This mortgage product has no product fee and also benefits from £500 cashback which is payable within one month of completion of the mortgage. There is also a £150 application fee.

The new range also includes a two year discount rate house purchase mortgage at 1.62% (variable), with a maximum Loan to Value (LTV) of 80%. The product is available for house purchase across England and Wales and comes with a £995 product fee which can be added to the loan, along with a £150 application fee.

For those customers looking to switch their mortgage from another lender, the Society has launched new two year discount rate remortgage products, including a product at 1.79% (variable) with an 80% LTV. The product comes with a £995 product fee, one free standard valuation and free legal fees**.

The new range also includes a two year discount rate remortgage product at 2.64% (variable) with a maximum LTV of 90% which is available in the Society’s local geographical area*. This product benefits from no product fee, one free standard valuation 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 commended at the 2016 Moneyfacts Awards in the category of ‘Regional Lending Provider of the Year’, demonstrating 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).

Eligibility

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.

« back to list

 
 


Privacy & Cookies

We use cookies on this website to help make your experience of this website better. In compliance with changes to EU cookie legislation, and to control and remove cookies, please view our Privacy & Cookie policy. Please note, by continuing on this site you are agreeing for cookies to be placed on your computer.

I accept

This notice should only appear the first time you visit the site.