Variable Rate Mortgages

A discounted variable mortgage could be for you if:

you are looking to save money when you first take out your mortgage
you wish to purchase a property now in anticipation of a rise in your income in the near future

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.

Please note: if we increase our Standard Variable Rate by more than the increase in the Bank of England Base Rate during the discounted period you won't have to pay the Early Repayment Charge if you want to leave or switch to another one of our products.

Once the discounted rate period is finished the mortgage changes to and remains on our Standard Variable Rate (currently 4.99%) for the remaining term of the mortgage.

We offer mortgages where the rate is discounted for the first two or three years.

The tables below provide a brief summary of the current products on offer.

Special loyalty mortgage products available for existing borrowers, subject to status, to find out more ring the Society on freephone 0800 378 669

Product Name	Interest Rate	Max % Property Value	Arrangement Fee
2 Year Discounted Variable Rate	2.99%	75%	£799	More Details
Variable rate is discounted by 2.00% to 2.99% for the first two years then changing to our standard variable rate which is currently 4.99% and remaining on our variable rate terms for the rest of the mortgage The overall cost for comparison is 4.8% APR Daily interest Flexible features available - please see link at the bottom of the page £100 contribution towards NUT subscription Remortgage Package - Legal fees paid when using our appointed Solicitor (only available in England and Wales) An arrangement fee of £799 is payable with the application A valuation fee is payable. In the case of remortgage applications the Society will pay the valuation fee for properties which do not exceed £500k in value and where the loan-to-value is no more than 60% of the property value. For all remortgage applications where the property value is more than £500k but less than £800k or the loan-to-value is more than 60% of the property value, a valuation fee is payable but will be refunded on completion. A valuation fee is payable for all remortgage applications where the property value is more than £800k. For mortgage applications submitted via an intermediary a valuation fee is payable. Remortgage applications where the property value is less than £800,000 a valuation fee is payable but will be refunded on completion. A valuation fee is payable for all remortage applications where the property value is more than £800,000. An Early Repayment Charge of 5% on the amount repaid will be applied during the first two years but will be waived if the Society exceeds any Bank of England Base Rate increase. You can overpay by up to 20% of the loan outstanding per calendar year without charge Available for first-time buyers, movers and remortgage customers Read more about this product Get in Touch
2 Year Discounted Variable Rate	3.29%	75%	N/A	More Details
Variable rate is discounted by 1.70% to 3.29% for the first two years then changing to our standard variable rate which is currently 4.99% and remaining on our variable rate terms for the rest of the mortgage The overall cost for comparison is 4.8% APR Daily Interest Flexible features available - please see link at the bottom of the page £100 contribution towards NUT subscription Remortgage Package - Legal fees paid when using our appointed Solicitor (only available in England and Wales) No Arrangement Fee is payable with the application A valuation fee is payable. In the case of remortgage applications the Society will pay the valuation fee for properties which do not exceed £500k in value and where the loan-to-value is no more than 60% of the property value. For all remortgage applications where the property value is more than £500k but less than £800k or the loan-to-value is more than 60% of the property value, a valuation fee is payable but will be refunded on completion. A valuation fee is payable for all remortgage applications where the property value is more than £800k. For mortgage applications submitted via an intermediary a valuation fee is payable. Remortgage applications where the property value is less than £800,000 a valuation fee is payable but will be refunded on completion. A valuation fee is payable for all remortage applications where the property value is more than £800,000. An Early Repayment Charge of 5% on the amount repaid will be applied during the first two years but will be waived if the Society exceeds any Bank of England Base Rate increase. You can overpay by up to 20% of the loan outstanding per calendar year without charge Available for first-time buyers, movers and remortgage customers. Read more about this product Get in Touch
3 Year Discounted Variable Rate	3.24%	75%	£799	More Details
Variable rate is discounted by 1.75% to 3.24% for the first three years then changing to our standard variable rate which is currently 4.99% and remaining on our variable rate terms for the rest of the mortgage The overall cost for comparison is 4.7% APR Daily Interest Flexible features available - please see link at the bottom of the page £100 contribution towards NUT subscription Remortgage Package - Legal fees paid when using our appointed Solicitor (only available in England and Wales) An Arrangement Fee of £799 is payable with the application A valuation fee is payable. In the case of remortgage applications the Society will pay the valuation fee for properties which do not exceed £500k in value and where the loan-to-value is no more than 60% of the property value. For all remortgage applications where the property value is more than £500k but less than £800k or the loan-to-value is more than 60% of the property value, a valuation fee is payable but will be refunded on completion. A valuation fee is payable for all remortgage applications where the property value is more than £800k. For mortgage applications submitted via an intermediary a valuation fee is payable. Remortgage applications where the property value is less than £800,000 a valuation fee is payable but will be refunded on completion. A valuation fee is payable for all remortage applications where the property value is more than £800,000. An Early Repayment Charge of 5% on the amount repaid will be applied during the first three years but will be waived if the Society exceeds any Bank of England Base Rate increase. You but you can overpay by up to 20% of the loan outstanding per calendar year without charge Available for first-time buyers, movers and remortgage customers Read more about this product Get in Touch
3 Year Discounted Variable Rate	3.59%	75%	N/A	More Details
Variable rate is discounted by 1.40% to 3.59% for the first three years then changing to our standard variable rate which is currently 4.99% and remaining on our variable rate terms for the rest of the mortgage The overall cost for comparison is 4.8% APR Daily Interest Flexible features available - please see link at the bottom of the page £100 contribution towards NUT subscription Remortgage Package - Legal fees paid when using our appointed Solicitor (only available in England and Wales) No Arrangement Fee is payable with the application A valuation fee is payable. In the case of remortgage applications the Society will pay the valuation fee for properties which do not exceed £500k in value and where the loan-to-value is no more than 60% of the property value. For all remortgage applications where the property value is more than £500k but less than £800k or the loan-to-value is more than 60% of the property value, a valuation fee is payable but will be refunded on completion. A valuation fee is payable for all remortgage applications where the property value is more than £800k. For mortgage applications submitted via an intermediary a valuation fee is payable. Remortgage applications where the property value is less than £800,000 a valuation fee is payable but will be refunded on completion. A valuation fee is payable for all remortage applications where the property value is more than £800,000. An Early Repayment Charge of 5% on the amount repaid will be applied during the first three years but will be waived if the Society exceeds any Bank of England Base Rate increase. You can overpay by up to 20% of the loan outstanding per calendar year without charge Available for first-time buyers, movers and remortgage customers Read more about this product Get in Touch
FirstBuy 3 Year Discounted Variable Rate	4.09%	75%	£799	More Details
Variable rate is discounted by 0.90% to 4.09% for the first three years then changing to our standard variable rate, currently 4.99% for the rest of the mortgage term The overall cost for comparison is 5.0% APR Daily interest Flexible features available - please see link at the bottom of the page An Arrangement Fee of £799 is payable with the application A valuation fee is payable £100 contribution towards NUT subscription Early Repayment Charges based on 5% of the amount repaid will be applied during the first three years but will be waived if the Society exceeds any Bank of England Base Rate increase. You can overpay by up to 20% of the loan outstanding per calendar year without charge Read more about this product Get in Touch
FirstBuy 3 Year Variable Rate	5.49%	80%	£799	More Details
Variable rate of 5.49% which is an additional 0.50% above the Society's Standard Variable Rate for the first three years then changing to our standard variable rate, currently 4.99% for the rest of the mortgage term The overall cost for comparison is 5.3% APR Daily interest Flexible features available - please see link at the bottom of the page An Arrangement Fee of £799 is payable with the application A valuation fee is payable £100 contribution towards NUT subscription Early Repayment Charges based on 5% of the amount repaid will be applied during the first three years but will be waived if the Society exceeds any Bank of England Base Rate increase. You can overpay by up to 20% of the loan outstanding per calendar year without charge Read more about this product Get in Touch
2 Year Discounted Variable Rate	3.39%	85%	£799	More Details
Variable rate is discounted by 1.60% to 3.39% for the first two years then changing to our standard variable rate which is currently 4.99% and remaining on our variable rate terms for the rest of the mortgage The overall cost for comparison is 4.9% APR Daily Interest Flexible features available - please see link at the bottom of the page £100 contribution towards NUT subscription Remortgage Package - Legal fees paid when using our appointed Solicitor (only available in England and Wales) An Arrangement Fee of £799 is payable with the application A valuation fee is payable. In the case of remortgage applications the Society will pay the valuation fee for properties which do not exceed £500k in value and where the loan-to-value is no more than 60% of the property value. For all remortgage applications where the property value is more than £500k but less than £800k or the loan-to-value is more than 60% of the property value, a valuation fee is payable but will be refunded on completion. A valuation fee is payable for all remortgage applications where the property value is more than £800k. For mortgage applications submitted via an intermediary a valuation fee is payable. Remortgage applications where the property value is less than £800,000 a valuation fee is payable but will be refunded on completion. A valuation fee is payable for all remortage applications where the property value is more than £800,000. An Early Repayment Charge of 5% on the amount repaid will be applied during the first two years but will be waived if the Society exceeds any Bank of England Base Rate increase. You can overpay by up to 20% of the loan outstanding per calendar year without charge Available for first-time buyers, movers and remortgage customers Read more about this product Get in Touch
2 Year Discounted Variable Rate	3.79%	85%	N/A	More Details
Variable rate is discounted by 1.20% to 3.79% for the first two years then changing to our standard variable rate which is currently 4.99% and remaining on our variable rate terms for the rest of the mortgage The overall cost for comparison is 5.0% APR Daily Interest Flexible features available - please see link at the bottom of the page £100 contribution towards NUT subscription Remortgage Package - Legal fees paid when using our appointed Solicitor (only available in England and Wales) No Arrangement Fee is payable with the application A valuation fee is payable. In the case of remortgage applications the Society will pay the valuation fee for properties which do not exceed £500k in value and where the loan-to-value is no more than 60% of the property value. For all remortgage applications where the property value is more than £500k but less than £800k or the loan-to-value is more than 60% of the property value, a valuation fee is payable but will be refunded on completion. A valuation fee is payable for all remortgage applications where the property value is more than £800k. For mortgage applications submitted via an intermediary a valuation fee is payable. Remortgage applications where the property value is less than £800,000 a valuation fee is payable but will be refunded on completion. A valuation fee is payable for all remortage applications where the property value is more than £800,000. An Early Repayment Charge of 5% on the amount repaid will be applied during the first two years but will be waived if the Society exceeds any Bank of England Base Rate increase. You can overpay by up to 20% of the loan outstanding per calendar year without charge Available for first-time buyers, movers and remortgage customers Read more about this product Get in Touch
3 Year Discounted Variable Rate	3.74%	85%	£799	More Details
Variable rate is discounted by 1.25% to 3.74% for the first three years then changing to our standard variable rate which is currently 4.99% and remaining on our variable rate terms for the rest of the mortgage The overall cost for comparison is 4.9% APR Daily Interest Flexible features available - please see link at the bottom of the page £100 contribution towards NUT subscription Remortgage Package - Legal fees paid when using our appointed Solicitor (only available in England and Wales) An Arrangement Fee of £799 is payable with the application A valuation fee is payable. In the case of remortgage applications the Society will pay the valuation fee for properties which do not exceed £500k in value and where the loan-to-value is no more than 60% of the property value. For all remortgage applications where the property value is more than £500k but less than £800k or the loan-to-value is more than 60% of the property value, a valuation fee is payable but will be refunded on completion. a valuation fee is payable for all remortgage applications where the property value is more than £800k. For mortgage applications submitted via an intermediary a valuation fee is payable. Remortgage applications where the property value is less than £800,000 a valuation fee is payable but will be refunded on completion. A valuation fee is payable for all remortage applications where the property value is more than £800,000. An Early Repayment Charge of 5% on the amount repaid will be applied during the first three years but will be waived if the Society exceeds any Bank of England Base Rate increase. You can overpay by up to 20% of the loan outstanding per calendar year without charge Available for first-time buyers, movers and remortgage customers Read more about this product Get in Touch
3 Year Discounted Variable Rate	4.09%	85%	N/A	More Details
Variable rate is discounted by 0.90% to 4.09% for the first three years then changing to our standard variable rate which is currently 4.99% and remaining on our variable rate terms for the rest of the mortgage The overall cost for comparison is 4.9% APR Daily Interest Flexible features available - please see link at the bottom of the page £100 contribution towards NUT subscription Remortgage Package - Legal fees paid when using our appointed Solicitor (only available in England and Wales) No Arrangement Fee is payable with the application A valuation fee is payable. In the case of remortgage applications the Society will pay the valuation fee for properties which do not exceed £500k in value and where the loan-to-value is no more than 60% of the property value. For all remortgage applications where the property value is more than £500k but less than £800k or the loan-to-value is more than 60% of the property value, a valuation fee is payable but will be refunded on completion. A valuation fee is payable for all remortgage applications where the property value is more than £800k. For mortgage applications submitted via an intermediary a valuation fee is payable. Remortgage applications where the property value is less than £800,000 a valuation fee is payable but will be refunded on completion. A valuation fee is payable for all remortage applications where the property value is more than £800,000. Early Repayment Charge of 5% on the amount repaid will be applied during the first three years but will be waived if the Society exceeds any Bank of England Base Rate increase. You can overpay by up to 20% of the loan outstanding per calendar year without charge Available for first-time buyers, movers and remortgage customers Read more about this product Get in Touch

Variable Rate Mortgages

Please note: if we increase our Standard Variable Rate by more than the increase in the Bank of England Base Rate during the discounted period you won't have to pay the Early Repayment Charge if you want to leave or switch to another one of our products.

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Variable Rate Mortgages

Please note: if we increase our Standard Variable Rate by more than the increase in the Bank of England Base Rate during the discounted period you won't have to pay the Early Repayment Charge if you want to leave or switch to another one of our products.

Speak to us direct...

Speak to us direct...

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