Variable Mortgages
With our discounted variable mortgage plans your payments will vary in line with any interest rate changes, however, you will always pay less than our standard variable rate for the discount period.
We offer mortgages where the rate is discounted for the first three years.
The table below provides a brief summary of the current products on offer.
| Product | Rate | Max % Property Value |
Arrangement Fee | |
Back To Basics - for home purchase loans up to 90% |
7.24% | 90% | £N/A |   |
3 Year Discount , no extended tie in (Teachers / Members* Only) |
6.39% | 75% | £N/A | |
3 Year Discount , no extended tie in (Teachers / Members* Only) |
6.54% | 90% | £799 | |
3 Year Discount , no extended tie in (Teachers / Members* Only) |
6.89% | 90% | £N/A | |
3 Year Discount , no extended tie in (Teachers / Members* Only) |
6.04% | 75% | £799 | |
* with a minimum of six months Society membership if you are a non-teacher.
Once the discounted rate period is finished the mortgage changes to and remains on our Standard Variable Rate (currently 7.24%) for the remaining term of the mortgage.
Whichever plan you choose please make sure you read the relevant Keyfacts Illustration before making your final decision. We will be happy to provide this upon request.
