Whether you’re looking for instant access, annual bonuses or tax-free savings, we have an account that will help you achieve your savings goals.
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Whether you’re looking to buy your first home, move somewhere bigger, or simply get a better deal, we can offer a mortgage that suits you.
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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
2.65% Fixed Buy-to-Let - Max LTV 75%*
This rate switch package offers lower monthly payments during the first 2 years and has no product fee. At the end of the fixed rate period the interest rate will revert to our Standard Variable Rate.
If you fail to keep up with payments on your mortgage a 'receiver of rent' may be appointed and/or your rental property may be repossessed.
Interest Rates
Period of Loan Rate Payable
Months 1-24

Initial Variable Rate, Currently:


Month 25 onwards

Standard Variable Rate, Currently:


Overall cost for comparison 4.6% APRC

Interest Rates are Fixed.

Product Fee

No Product Fee

Repayment Type

Interest Only, Repayment or Mixed Interest-Only/Repayment.

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 5% 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 5% 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.

Loan Size

£30,000 to £350,000 for any single property

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. Maximum Loan to value for new build flats/apartments less than 3 years old is 65%. No exceptions allowed.
  • Please note that our current Buy-to-Let products are ONLY available in our lending area of England and Wales.
  • This mortgage is available to existing borrowers.
  • These terms may be transferred to any new loan up to the amount of this loan, provided it is used for Buy-to-Let purposes, completes at the same time as redemption of this loan and you still meet the Society’s lending criteria at that time. If the new loan is for less than this loan or you do not transfer these terms, an early repayment charge calculated at 3% is payable on the difference in the amount of this loan and the amount transferred. All loans must be secured on land within our lending area of England and Wales.
  • Our Tariff of Mortgage Charges gives details of the charges payable in connection with mortgage applications and additional administration following completion of your loan.

Applications will not be considered in respect of:

  • Flats above shops or other commercial properties
  • Right to Buy’ council homes
  • Properties sold at auctions
  • Multiple or short-term lets – for instance to students or holiday lets
  • Limited company borrowers
  • Properties let to family members

Representative Example

A mortgage of £93,366 payable over 20 years and 4 months initially on a fixed rate for 2 years at 2.65% and then on our current variable rate of 4.99% for the remaining 18 years and 4 months would require 24 monthly payments of £495.37 and 220 monthly payments of £599.08.

The total amount payable would be £143,811.48 made up of the loan amount plus interest (£50,320.48) and mortgage exit fees (£125).

The overall cost for comparison is 4.6% APRC representative.