Branches & agencies
Green – 2 Year Discount 4.40% variable (2.49% off Homeowner Variable Rate)
GOD11 With effect from 01 October 2025
Our Green Mortgage products are available to existing borrowers pledging to use at least 50% of the additional funds for energy efficiency improvements.
Register your interest in green retrofitting through our partner Retrogreen.
Initial Interest Rate
2.49% discount off the Society's Homeowner Variable Rate for 2 years. In any event, the rate will not go below 2.25%.
4.40%
variable
Max Loan to Value (LTV)
Maximum loan to value available:
80%
Product Fees
Application fee
Free
Completion fee
Free
Free
Overall Cost for Comparison
The overall cost for comparison
6.5% APRC representative
Fee information
Application fee
Free
Completion fee
Free
Valuation fee
Free where the price or value of the property is £1million or less.
Early repayment charge
During year 1: 2% of the amount repaid early plus fees During year 2: 1% of the amount repaid early plus fees
This charge is calculated as a percentage of the amount repaid early, excluding any arrears of interest, or other charges. The early repayment charge is payable if you repay any amount in excess of 10% of the mortgage balance in any one year.
Overpayments
Overpayments of up to 10% per year may be made without incurring the early repayment charge.
Mortgage exit admin fee
Free
Representative Example
A Mortgage of
A mortgage of £40,000
Payable term
Payable over 20 years
Initial rate and term
Initially on a discounted variable rate for 2 years of 4.40%
Followed by
Our Homeowner Variable Rate of 6.89% for the remaining 18 years
Monthly payments
24 payments of £250.91 followed by 216 payments of £302.52
Total amount payable
The total amount payable would be £71,366.16 made up of the loan amount plus interest (£31,366.16)
Arrangement fee
Free
Mortgage exit administration fee
Free
Valuation fee
Free*
Cost for comparison
6.5% APRC representative
Standard Features
- Available on properties in England, Scotland and Wales
- Minimum Loan Amount £20,000, Maximum Loan £100,000
- Interest-Only Mortgages are available up to a maximum of 70% LTV, provided there is a suitable repayment strategy in place—such as equity in a second property owned by the applicants, a pension lump sum, funds held in an ISA, etc. Alternatively, the sale of the applicant's primary residence may be considered as a repayment strategy, in which case the maximum LTV is 60%.
- The sale of applicants’ residential security will be considered in the specific circumstance of the LTV being 60% or lower and subject to a review of the credibility of downsizing in the local area
- Minimum term 5 years
- Normal maximum term 40 years, depending on age limits
- Interest calculated on a daily basis
- Applications accepted for advances on private dwelling houses of various types providing they are of Standard Construction
- No tied insurances
- Minimum age for applicants 18
- Portable up to the existing mortgage balance
- Tariff of charges during the life of any mortgage available on request
- Available for Additional Borrowing for existing members only
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