Our Mortgages

We’re proud to say we have been offering mortgages since 1877 and we have some unique features, such as:

When you contact us you will speak to a member of our mortgage team and not a call centre.
We underwrite each case individually and do not rely on a credit score.
We find ways to say 'Yes' to mortgage cases and we'll consider your case, no matter how complicated

It is due to this that we are able to offer specialist mortgages to meet the needs of different personal circumstances, lending into retirement, to self-builders, and to those with a complex income among some of the ways we can help. Our news section gives examples of some of the recent complex cases we have helped.

Residential

Mortgage Type	Initial Rate	Term	Standard Variable Rate	Maximum Loan to Value	Overall Cost for Comparison (APRC)	Application Fee	Arrangement Fee	Early Repayment Charge
75% LTV - Discounted Variable Mortgage	1.99% (Variable)	2 years	2.95% (Variable)	75%	2.90% APRC	None	0.50% (Min. £500)	Yes
Key Features Available for house purchases, moving home, remortgages and capital raising 0.96% discount off Stafford Railway’s Standard Variable Rate (SVR) for two years giving a current variable rate of 1.99%, followed by our SVR for the rest of the term (currently 2.95% variable). The overall cost for comparison is 2.90% APRC An arrangement fee of 0.50% (Minimum of £500) applies Valuation fees apply 10% of the outstanding balance each year can be overpaid without penalty Interest calculated daily Representative Example A mortgage of £190,000 payable over 20 years initially on a discounted variable rate of 1.99% for 2 years and then on our Standard Variable Rate (SVR) currently 2.95% (variable) for the remaining 18 years would require 24 monthly payments of £960.28 followed by 216 monthly payments of £1,040.53 The total amount payable would be £249,276.20 made up of the loan amount plus interest (£59,276.20), a valuation fee of £355, a funds transfer fee of £25, estimated solicitors fees of £145 and an arrangement fee of £950. The overall cost for comparison is 2.90% APRC representative. Product Detail Call BDM Check our Criteria Check Affordability
75% LTV - Bespoke - Discounted Variable Mortgage	2.49% (Variable)	2 years	2.95% (Variable)	75%	3.00% APRC	None	0.50% (Min. £500)	Yes
Key Features Available for house purchases, moving home, remortgages and capital raising 0.46% discount off Stafford Railway’s Standard Variable Rate (SVR) for two years giving a current variable rate of 2.49%, followed by our SVR for the rest of the term (currently 2.95% variable). The overall cost for comparison is 3.00% APRC An arrangement fee of 0.50% (Minimum of £500) applies Valuation fees apply 10% of the outstanding balance each year can be overpaid without penalty Interest calculated daily Representative Example A mortgage of £190,000 payable over 20 years initially on a discounted variable rate of 2.49% for 2 years and then on our Standard Variable Rate (SVR) currently 2.95% (variable) for the remaining 18 years would require 24 monthly payments of £1,005.89 followed by 216 monthly payments of £1,045.00 The total amount payable would be £251,336.36 made up of the loan amount plus interest (£61,336.36), a valuation fee of £355, a funds transfer fee of £25, estimated solicitors fees of £145 and an arrangement fee of £950. The overall cost for comparison is 2.90% APRC representative. Product Detail Call BDM Check our Criteria Check Affordability
80% LTV - Discounted Variable Mortgage	2.20% (Variable)	2 years	2.95% (Variable)	80%	2.90% APRC	£100	£499	Yes
Key Features Available for house purchases, moving home, remortgages and capital raising A Higher Lending Charge (HLC) fee is applicable and paid by The Society 0.75% discount off Stafford Railway’s Standard Variable Rate (SVR) for two years giving a current variable rate of 2.20%, followed by our SVR for the rest of the term (currently 2.95% variable). The overall cost for comparison is 2.90% APRC An arrangement fee of £499 applies An application fee of £100 applies Valuation fees apply 10% of the outstanding balance each year can be overpaid without penalty Interest calculated daily Representative Example A mortgage of £190,000 payable over 20 years initially on a discounted variable rate of 2.20% for 2 years and then on our Standard Variable Rate (SVR) currently 2.95% (variable) for the remaining 18 years would require 24 monthly payments of £979.28 followed by 216 monthly payments of £1,042.42 The total amount payable would be £249,989.44 made up of the loan amount plus interest (£59,989.44), a valuation fee of £355, a funds transfer fee of £25, estimated solicitors fees of £145, an application fee of £100 and an arrangement fee of £499. The overall cost for comparison is 2.90% APRC representative. Product Detail Call BDM Check our Criteria Check Affordability
85% LTV - Discounted Variable Mortgage - 3 Years	2.40% (Variable)	3 Years	2.95% (Variable)	85%	2.90% APRC	£100	None	Yes
Key Features Available for house purchases or moving home only A Higher Lending Charge (HLC) fee is applicable and paid by The Society 0.55% discount off Stafford Railway’s Standard Variable Rate (SVR) for 3 years giving a current variable rate of 2.40%, followed by our SVR for the rest of the term (currently 2.95% variable). The overall cost for comparison is 2.90% APRC Valuation fees apply 10% of the outstanding balance each year can be overpaid without penalty Representative Example (Effective from 22nd March 2021) A mortgage of £190,000 payable over 20 years initially on a discounted variable rate of 2.40% for 3 years and then on our Standard Variable Rate (SVR) currently 2.95% (variable) for the remaining 17 years would require 36 monthly payments of £997.59 followed by 204 monthly payments of £1041.79. The total amount payable would be £249,063.40 made up of the loan amount plus interest (£59,063.40), a valuation fee of £355, a funds transfer fee of £25, estimated solicitors fees of £145 and an application fee of £100. The overall cost for comparison is 2.90% APRC representative. Product Detail Call BDM Check our Criteria Check Affordability
85% LTV - Discounted Variable Mortgage - 2 Years	2.50% (Variable)	2 Years	2.95% (Variable)	85%	2.90% APRC	£100	None	Yes
Key Features Available for house purchases or moving home only A Higher Lending Charge (HLC) fee is applicable and paid by The Society 0.45% discount off Stafford Railway’s Standard Variable Rate (SVR) for two years giving a current variable rate of 2.50%, followed by our SVR for the rest of the term (currently 2.95% variable). The overall cost for comparison is 2.90% APRC Valuation fees apply 10% of the outstanding balance each year can be overpaid without penalty Representative Example (Effective from 22nd March 2021) A mortgage of £190,000 payable over 20 years initially on a discounted variable rate of 2.50% for 2 years and then on our Standard Variable Rate (SVR) currently 2.95% (variable) for the remaining 18 years would require 24 monthly payments of £1006.82 followed by 216 monthly payments of £1045.09. The total amount payable would be £250,528.12 made up of the loan amount plus interest (£60,528.12), a valuation fee of £355, a funds transfer fee of £25, estimated solicitors fees of £145 and an application fee of £100. The overall cost for comparison is 2.90% APRC representative. Product Detail Call BDM Check our Criteria Check Affordability
90% LTV - Discounted Variable Mortgage - 3 Years	2.69% (Variable)	3 Years	2.95% (Variable)	90%	2.90% APRC	£100	None	Yes
Key Features Available for house purchases or moving home only A Higher Lending Charge (HLC) fee is applicable and paid by The Society 0.26% discount off Stafford Railway’s Standard Variable Rate (SVR) for 3 years giving a current variable rate of 2.69%, followed by our SVR for the rest of the term (currently 2.95% variable). The overall cost for comparison is 2.90% APRC Valuation fees apply 10% of the outstanding balance each year can be overpaid without penalty Representative Example (Effective from 22nd March 2021) A mortgage of £190,000 payable over 20 years initially on a discounted variable rate of 2.69% for 3 years and then on our Standard Variable Rate (SVR) currently 2.95% (variable) for the remaining 17 years would require 36 monthly payments of £1024.49 followed by 204 monthly payments of £1045.61. The total amount payable would be £250,811.08 made up of the loan amount plus interest (£60,811.08), a valuation fee of £355, a funds transfer fee of £25, estimated solicitors fees of £145 and an application fee of £100. The overall cost for comparison is 2.90% APRC representative. Product Detail Call BDM Check our Criteria Check Affordability
90% LTV - Discounted Variable Mortgage - 2 Years	2.74% (Variable)	2 Years	2.95% (Variable)	90%	3.00% APRC	£100	None	Yes
Key Features Available for house purchases or moving home only A Higher Lending Charge (HLC) fee is applicable and paid by The Society 0.21% discount off Stafford Railway’s Standard Variable Rate (SVR) for two years giving a current variable rate of 2.74%, followed by our SVR for the rest of the term (currently 2.95% variable). The overall cost for comparison is 3.00% APRC Valuation fees apply 10% of the outstanding balance each year can be overpaid without penalty Representative Example (Effective from 22nd March 2021) A mortgage of £190,000 payable over 20 years initially on a discounted variable rate of 2.74% for 2 years and then on our Standard Variable Rate (SVR) currently 2.95% (variable) for the remaining 18 years would require 24 monthly payments of £1029.18 followed by 216 monthly payments of £1047.18. The total amount payable would be £251,516.20 made up of the loan amount plus interest (£61,516.20), a valuation fee of £355, a funds transfer fee of £25, estimated solicitors fees of £145 and an application fee of £100. The overall cost for comparison is 3.00% APRC representative. Product Detail Call BDM Check our Criteria Check Affordability

Mixed Use

Mortgage Type	Initial Rate	Term	Standard Variable Rate	Maximum Loan to Value	Overall Cost for Comparison (APRC)	Application Fee	Arrangement Fee	Early Repayment Charge
75% LTV - Discounted Variable - Light Mixed Use	2.25% (Variable)	2 years	2.95% (Variable)	75%	2.90% APRC	£100	0.50% (Min. £500)	Yes
Key Features Available for remortgages, purchases or capital raising 0.70% discount off Stafford Railway’s Standard Variable Rate (SVR) currently 2.95% for 3 years giving a current variable rate of 2.25%, followed by the Society’s SVR applicable at the time for the rest of the term The overall cost for comparison is 2.90% APRC £100 application fee (non-refundable) 0.5% arrangement fee (Minimum £500). Borrower is eligible to pay on first draw down in full. Valuation fees apply 10% of the outstanding balance each year can be overpaid without penalty Interest calculated daily Representative Example A mortgage of £225,000 payable over 22 years initially on a discounted variable rate of 2.70% for 2 years and then on our Standard Variable Rate (SVR) currently 2.95% (variable) for the remaining 20 years would require 24 monthly payments of £1,081.82 followed by 240 monthly payments of £1,149.58. The total amount payable would be £302,910.76 made up of the loan amount plus interest (£77,910.76), a valuation fee of £485 a booking fee of £100, a funds transfer fee of £25, estimated solicitors fees of £145 and an arrangement fee of £1,125. The overall cost for comparison is 2.90% APRC representative. Product Detail Call BDM Check our Criteria Check Affordability
75% LTV - Discounted Variable - Complex Mixed Use	2.70% (Variable)	2 years	2.95% (Variable)	75%	2.90% APRC	£100	0.50% (Min. £500)	Yes
Key Features Available for remortgages, purchases or capital raising 0.25% discount off Stafford Railway’s Standard Variable Rate (SVR) currently 2.95% for 3 years giving a current variable rate of 2.70%, followed by the Society’s SVR applicable at the time for the rest of the term The overall cost for comparison is 2.90% APRC £100 application fee (non-refundable) 0.5% arrangement fee (Minimum £500). Borrower is eligible to pay on first draw down in full. Valuation fees apply 10% of the outstanding balance each year can be overpaid without penalty Interest calculated daily Representative Example A mortgage of £225,000 payable over 22 years initially on a discounted variable rate of 2.70% for 2 years and then on our Standard Variable Rate (SVR) currently 2.95% (variable) for the remaining 20 years would require 24 monthly payments of £1,131.24 followed by 240 monthly payments of £1,157.23. The total amount payable would be £306,763.96 made up of the loan amount plus interest (£81,763.96), a valuation fee of £485 a booking fee of £100, a funds transfer fee of £25, estimated solicitors fees of £145 and an arrangement fee of £1,125. The overall cost for comparison is 3.00% APRC representative. Product Detail Call BDM Check our Criteria Check Affordability

Early Repayment Charge Free

Mortgage Type	Initial Rate	Term	Standard Variable Rate	Maximum Loan to Value	Overall Cost for Comparison (APRC)	Application Fee	Arrangement Fee	Early Repayment Charge
75% LTV - Variable Mortgage	2.95% (Variable)	Term	2.95% (Variable)	75%	3.00% APRC	£0	£0	No
Key Features Available for house purchases, moving home, remortgage and capital raising. Pay Rate is Stafford Railway’s Standard Variable Rate (SVR) for term of 2.95% The overall cost for comparison is 3.00% APRC Valuation fees apply Interest calculated daily Representative Example A mortgage of £130,000 payable over 17 years on a pay rate of 2.95% on our Standard Variable Rate (SVR) currently for term would require 120 monthly payments of £1,252.29. The total amount payable would be £150,769.80 made up of the loan amount plus interest (£20,769.80), a valuation fee of £325, a funds transfer fee of £25, estimated solicitors fees of £145. The overall cost for comparison is 3.1% APRC representative. Product Detail Arrange a call back Call 01785 223212

Buy to Let / Holiday & Expat Buy to Let

Mortgage Type	Initial Rate	Term	Standard Variable Rate	Maximum Loan to Value	Overall Cost for Comparison (APRC)	Application Fee	Arrangement Fee	Early Repayment Charge
70% LTV - Discounted Variable Mortgage - Buy-to-Let / Expat / Holiday Buy-to-Let	3.29% (Variable)	3 years	4.75% (Variable)	70%	4.40% APRC	None	None	Yes
Key Features Available for remortgages, purchases or capital raising on mortgage free BTLS 1.46% discount off Stafford Railway’s Standard Variable Rate (SVR) currently 4.75% for 3 years giving a current variable rate of 3.29%, followed by the Society’s SVR applicable at the time for the rest of the term No product fee or booking fees apply Valuation fees apply 10% of the outstanding balance each year can be overpaid without penalty Interest calculated daily A mortgage of £184,950 payable over 20 years initially on a discounted variable rate of 3.29% for 3 years and then on our Buy to Let Standard Variable Rate (SVR) currently 4.75% (variable) for the remaining 17 years would require 36 monthly payments of £1,052.79 followed by 204 monthly payments of £1,175.60 The total amount payable would be £278,187.84 made up of the loan amount plus interest (£93,237.84), a valuation fee of £295, a funds transfer fee of £25, estimated solicitors fees of £145. The overall cost for comparison is 4.40% APRC representative. Product Detail Call BDM Check our Criteria Check Affordability
Discounted Variable Mortgage - Buy-to-Let / Expat / Holiday Buy-to-Let (70% LTV)	3.09% (Variable)	3 years	4.75% (Variable)	70%	4.30% APRC	None	None	Yes
Key Features Available for remortgages, purchases or capital raising on mortgage free BTLS 1.66% discount off Stafford Railway’s Standard Variable Rate (SVR) currently 4.75% for 3 years giving a current variable rate of 3.09%, followed by the Society’s SVR applicable at the time for the rest of the term No product fee or booking fees apply Valuation fees apply 10% of the outstanding balance each year can be overpaid without penalty Interest calculated daily A mortgage of £184,950 payable over 20 years initially on a discounted variable rate of 3.09% for 3 years and then on our Buy to Let Standard Variable Rate (SVR) currently 4.75% (variable) for the remaining 17 years would require 36 monthly payments of £1,034.08 followed by 204 monthly payments of £1,172.77 The total amount payable would be £276,96.96 made up of the loan amount plus interest (£91,986.96), a valuation fee of £295, a funds transfer fee of £25, estimated solicitors fees of £145. The overall cost for comparison is 4.30% APRC representative. Product Detail Call BDM Check our Criteria Check Affordability
70% LTV - Variable BTL / Expat Mortgage / Holiday Let	4.75% (Variable)	Term	4.75% (Variable)	70%	4.90% APRC	None	None	No
Key Features Available for remortgages, purchases or capital raising 4.75% variable is our current Buy to Let Standard Variable rate No product fee or booking fees apply Valuation fees apply Make unlimited overpayments Interest calculated daily A mortgage of £184,950 payable over 20 year’s variable rate of 4.75% for term would require 240 monthly payments of £1195.19. The total amount payable would be £287,310.60 made up of the loan amount plus interest (£102,360.60), a valuation fee of £295, a funds transfer fee of £25, estimated solicitors fees of £145. The overall cost for comparison is 4.90% APRC representative. Product Detail Call BDM Check our Criteria Check Affordability

Self-build and renovation

Stafford Railway Building Society offers self-build mortgages exclusively through Buildstore Mortgage Services. We offer self-build mortgages on the following criteria:

Purchase of land and build of a new property
Renovation of an existing property
Converting an existing structure for residential purposes

We can lend up to a maximum of £600,000 at 85% LTV to purchase land/property and up to 85% of cost of each stage during the build subject to valuation.

Funds will be released on an arrears stage payment basis.

The final mortgage value must be 75% LTV.

Contact information

For more information you can contact Buildstore directly on 0345 223 4888 and you can find further details by clicking here.

If you are an intermediary you can contact Buildloan on 0345 223 4447 or view more details via the Buildloan website.

If you would like to discuss your client’s requirements please call one of our team on 01785 223212 or visit the 'Our Team' section to find direct contact details of our Business Development Team.

To submit a mortgage application to The Society visit the SRBS Mortgage Hub.

Our Mortgages

Residential

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Mixed Use

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Early Repayment Charge Free

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Buy to Let / Holiday & Expat Buy to Let

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Self-build and renovation