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About Us
Established in Newport in 1869 to help local people build homes, we now help people across Wales and England buy properties and save for their future.
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Get in touch
01633 844 351
2.10% Fixed Remortgage - Max LTV 65%
This mortgage product offers a fixed interest rate for the first 3 years. At the end of the fixed period interest will revert to our Standard Variable Rate.

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

Interest Rates
Period of Loan Rate Payable
Months 1-36


Month 37 onwards

Standard Variable Rate, Currently:


Overall cost for comparison 4.4% APRC


Product Fee


Loan Size

£40,000 to £1,000,000

Repayment Type

Mixed Repayment/Interest only mortgages will be allowed but the interest only element cannot exceed 50% LTV. The latter only applies to new borrowers. Existing borrowers will be allowed to switch into a new product and port their interest only loan if they move house. If they wish to borrow more than their current interest only element this must be on a repayment basis. Where borrowers wish to continue with an interest-only loan Society staff must establish how they intend repaying this and where possible encourage those that are able to do so to convert all or part to a repayment basis.


Regular overpayments are not permitted during the first 3 years from completion. Regular overpayments are amounts collected with, and in addition to, your monthly mortgage payments. You may make capital repayments of up to 10% of the amount outstanding at the time of the remortgage in each of the first 3 years, without an early repayment charge. 

Early Repayment Charge (ERC)

During the first 3 years any additional amount paid above the 10% permitted will be subject to an Early Repayment Charge of 3% of the amount repaid in year 1, 2% of the amount repaid in year 2 and 2% of the amount repaid in year 3. Following receipt of the lump sum payment, the amount that you owe, and so the interest you pay, is reduced immediately.

Further Information
  • The maximum Loan to Value is the amount of a mortgage loan expressed as a percentage of the value of the property against which the loan will be secured.
  • If you move house during the fixed period you may be able to transfer these product terms, up to the amount of this loan. You can only transfer these terms if you occupy the new property and it is within England and Wales. The loan to value must be no greater than 65%. The new loan must complete at the same time you redeem this loan and you must still meet the Society’s lending criteria at that time.
  • For loans greater than £500,000 please contact us.
  • Mortgage interest is calculated on a daily basis.
  • Our Tariff of Mortgage Charges gives details of the charges payable in connection with mortgage applications and additional administration following completion of your loan.
  • 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.

Representative Example

A mortgage of £183,506 payable over 19 years and 1 month initially on a fixed rate for 3 years at 2.10% and then on our current variable rate of 5.24% for the remaining 16 years and 1 month would require 36 monthly payments of £973.29 and 193 monthly payments of £1,223.14.

The total amount payable would be £272,228.46 made up of the loan amount plus interest (£87,598.46), product fee (£999) and mortgage exit fees (£125).

The overall cost for comparison is 4.4% APRC representative.