Intermediaries

Key Features

• Available for house purchases, moving home, re-mortgages and capital raising
• 0.46% discount off Stafford Railway’s Standard Variable Rate (SVR) for two years giving a current variable rate of 5.74%, followed by our SVR for the rest of the term (currently 6.20% variable).
• The overall cost for comparison is 6.3% APRC
• An application fee of £100 applies and is payable on application. 
• Valuation fees apply
• 10% of the outstanding balance each year can be overpaid without penalty
• Interest calculated daily
• Representative Example:

A mortgage of £220,000 payable over 20 years initially on a discounted variable rate of 5.74% for 2 years and then on our Standard Variable Rate (SVR) currently 6.20% (variable) for the remaining 18 years would require 24 monthly payments of £1,543.33 followed by 216 monthly payments of £1,596.96. The total amount payable would be £382,683.28 made up of the loan amount plus interest (£162,683.28) a valuation fee of £425, a funds transfer fee of £30, estimated solicitor’s fees of £145, application fee of £100. The overall cost for comparison is 6.3% APRC representative.

Key Features

• Available for Purchase & Re-mortgages
• A Higher Lending Charge (HLC) fee is applicable and paid by The Society
• 0.55% discount off Stafford Railway’s Standard Variable Rate (SVR) currently 6.20% for term giving a current variable rate of 5.65%.
• The overall cost for comparison is 5.80% APRC
• 10% of the outstanding balance each year can be overpaid without penalty
• £100 application fee and is payable on application
• Interest calculated daily
• Representative Example
  A mortgage of £220,000 payable over 20 years initially on a discounted variable rate of 5.65% for term would require 240 monthly payments of £1,532.05 The total amount payable would be £368,392 made up of the loan amount plus interest (£148,392) a valuation fee of £425, a funds transfer fee of £30, estimated solicitor’s fees of £145 and an application fee of £100. The overall cost for comparison is 5.8% APRC representative. 
  
  
  

Key Features

• Available for Shared Ownership Purchase & Re-mortgages
• 0.55% discount off Stafford Railway’s Standard Variable Rate (SVR) currently 6.20% for term giving a current variable rate of 5.65%.
• The overall cost for comparison is 5.8% APRC
• 10% of the outstanding balance each year can be overpaid without penalty
• Interest calculated daily
• Representative Example
  

A mortgage of £220,000 payable over 20 years initially on a discounted variable rate of 5.65% for term would require 240 monthly payments of £1,532.05 The total amount payable would be £368,392 made up of the loan amount plus interest (£148,392) a valuation fee of £425, a funds transfer fee of £30, estimated solicitor’s fees of £145 and an application fee of £100. The overall cost for comparison is 5.8% APRC representative.

Key Features

• Available for house purchases, moving home, remortgage and capital raising.
• For loans above 80% Loan to Value (LTV) a Higher Lending Charge (HLC) is applicable and paid by The Society.
• Pay Rate is Stafford Railway’s Standard Variable Rate (SVR) for term of 6.20%
• The overall cost for comparison is 6.4% APRC
• Valuation fees apply
• Interest calculated daily
• Representative Example
  A mortgage of £155,200 payable over 12 years on a pay rate of 6.20% on our Standard Variable Rate (SVR) currently for term would require 144 monthly payments of £1,530.63. The total amount payable would be £220,920.72 made up of the loan amount plus interest (£65,720.72), a valuation fee of £335, a funds transfer fee of £30, estimated solicitors’ fees of £145. The overall cost for comparison is 6.4% APRC representative. 

Key Features

• Available for remortgages, purchases or capital raising on mortgage free BTL's
• 2.35% discount off Stafford Railway’s Standard Variable Rate (SVR) currently 8.00% for 2 years giving a current variable rate of 5.65%, followed by the Society’s SVR applicable at the time for the rest of the term.
• The overall cost for comparison is 7.7% APRC representative.
• £100 application fee payable (Non-refundable)
• Valuation fees apply
• 10% of the outstanding balance each year can be overpaid without penalty
• Interest calculated daily

• Representative Example
  A mortgage of £191,300 payable over 20 years initially on a discounted variable rate of 5.65% for 2 years and then on our Buy to Let Standard Variable Rate (SVR) currently 8.00% (variable) for the remaining 18 years would require 24 monthly payments of £1,332.19 followed by 216 monthly payments of £1,578.12. The total amount payable would be £373,456.48 made up of the loan amount plus interest (£182,156.48) a valuation fee of £335, a funds transfer fee of £30, estimated solicitors fees of £145 and an application fee of £100. The overall cost for comparison is 7.7% APRC representative.