* The actual rate available will depend upon your circumstances. Ask for a personalised illustration.
​** If you choose an interest only mortgage, you must have a clearly understood and credible repayment strategy in line with the Society’s responsible lending criteria.

Representative Example (based on a house purchase):

The Annual Percentage Rate of Charge (APRC) varies with the circumstances of each mortgage. Here is a representative example of a loan secured on your main residential property: A mortgage of £250,000.00 on an interest only basis payable over 25 years initially on a discounted variable rate of 2.19% (equal to 3% discount off our Standard Variable Rate) for 2 years and then on our Standard Variable Rate (SVR) of 5.19% (variable) for the remaining 23 years you would pay:

1 monthly repayment of £255.00, followed by
24 monthly repayments of £455.45, followed by
276 monthly repayments of £1,076.75
1 final repayment of £250,000.00

The total amount payable would be £558,707.80 made up of the loan amount of £250,000.00 plus interest (£308,368.80) with a product fee of £199, a funds transfer fee of £20 and legal fee of £120. The overall cost for comparison is 4.9% APRC representative.

Please note: the example above is for a residential property purchase only and assumes a payment date of 1st of the month. If you choose to pay your mortgage later in the month this will affect payments and could result in a higher APRC. For product transfers, re-arrangement and additional borrowing applications, certain fees do not apply. Please speak to your mortgage adviser for further details.