New mortgage products provide certainty during an uncertain time
The world we live in today provides a lot of uncertainty. To help the rising number of borrowers opting for long-term Fixed Rates, the Society has launched a range of 5 Year Fixed Rate Residential Purchase and Remortgage products up to 80% LTV.
The new range can provide new borrowers:
- One less thing to worry about as you secure a long-term mortgage
- Monthly repayments that will remain the same throughout the term
- Peace of mind and security knowing how much your mortgage will cost you over 5 years
- An option switch from your current provider to find a better deal
Here is an overview of the range:
5 Year Fixed Rate Purchase
5 Year Fixed Rate Remortgage
- Residential Remortgage 50% LTV at 1.50%
- Residential Remortgage 70% LTV at 1.85%
- Residential Remortgage 80% LTV at 2.25%
Click on the mortgage you are interested in for further information.
Please note restrictions apply to our mortgages and some products require you to pay a fee. Think carefully before securing other debts against your home.
Need more information?
Make an Appointment with a Mortgage Adviser, they’re happy to help.
Not what you're looking for?
We also offer a wide range of other mortgages. Whether it's Holiday Let, Semi-Commercial or Multi-Unit Freehold mortgages, we've got you covered.
Click on the link below to be taken to our mortgage homepage.
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Rates correct as of 23/02/21
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Our products are limited edition and may be withdrawn at any time
- The maximum Loan to Value (LTV) is the amount of a mortgage loan expressed as a percentage of the value of the property against which the loan will be secured.
- 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
- Telephone calls may be monitored and/or recorded for security and training purposes
References
Bank of England. (2020). Why are more borrowers choosing long-term fixed-rate mortgage products?. Available: https://www.bankofengland.co.uk/bank-overground/2020/why-are-more-borrowers-choosing-long-term-fixed-rate-mortgage-products. Last accessed 04/02/2021.
Jake Carter. (2021). Number of millennials opting for longer mortgage terms doubles. Available: https://www.mortgageintroducer.com/number-millenials-opting-longer-mortgage-terms-double/. Last accessed 04/02/2021.
