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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
3.65% Fixed Mortgage - Max LTV 95%*
The interest rate for this product is fixed for two years, this means you can plan your finances with more certainty. At the end of the fixed rate period the interest rate 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 1-24

Initial Fixed Rate, Currently:


Month 25 onwards

Standard Variable Rate, Currently:


Overall cost for comparison 5.1% APRC

Interest Rates are fixed.

Product Fee

No Product Fee

Loan Size

£40,000 to £500,000

Repayment Type

Repayment only

Early Repayment Charge (ERC)

During the first 2 years an early repayment charge of 3% of the amount repaid will be incurred. After this period no early repayment charges apply.


Regular overpayments are not permitted during the first 2 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 original sum borrowed in each of the first 2 years without an early repayment charge. However, during the first 2 years any additional amount repaid above the 10% permitted will be subject to an Early Repayment Charge of 3% of the amount repaid. Following receipt of a lump sum payment, the amount that you owe, and so the amount of interest you pay, is reduced immediately.

Valuation Fee

One Free Standard Valuation (On Properties up to £1 Million in Value)



Further Information
  • *For house purchase, the maximum Loan to Value is the amount of a mortgage loan expressed as a percentage of the purchase price or valuation, whichever is the lower.
  • **Our lending area is England and Wales.
  • ***£1000 cashback will be provided to the home owner upon completion in the form of a cheque or BACS transfer.
  • 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 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. If you do not take out a new loan with the Society or the new loan is for less than this loan, an Early Repayment Charge will apply.
  • Our house purchase products are available to both new and existing borrowers who are looking to purchase a house.
  • For loans greater than £400,000 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 £139,391 payable over 30 years and 8 months initially on a fixed rate for 2 years at 3.65% and then on our current variable rate of 5.24% for the remaining 28 years and 8 months would require 24 monthly payments of £630.04 and 344 monthly payments of £754.95.

The total amount payable would be £275,223.76 made up of the loan amount plus interest (£135,432.76), funds transfer fee (£25), legal costs (estimated £250), and mortgage exit fees (£125).

The overall cost for comparison is 5.1% APRC representative.