Mortgage Product

Loyalty 2 Year 0.36% Discounted Variable Rate – 90% LTV

Product Code: RT09

Rates effective from: 01/01/2025

  • Initial Rate

    5.59%

  • Term

    2 years

  • Standard Variable Rate

    5.95%

  • Maximum Loan to Value

    90%

  • Overall Cost for Comparison (APRC)

    6.0%

  • Application Fee

    None

  • Arrangement Fee

    None

  • Early Repayment Charges

    Apply if more than 10% of the outstanding balance is repaid each year.

    2% of repaid amount for the first two years.

Representative Example

A mortgage of £220,000 payable over 22 years initially on a discounted variable rate of 5.59% for 2 years and then on our Standard Variable Rate (SVR) currently 5.95% (variable) for the remaining 20 years would require 24 monthly payments of £1,449.94 followed by 240 monthly payments of £1,492.97. The total amount payable would be £393,111.36 made up of the loan amount plus interest (£173,111.36).The overall cost for comparison is 6.0% APRC representative.

Product Details

Starting Rate

0.36% discount off The Stafford’s Standard Variable Rate (SVR) for two years giving a current variable rate of 5.59%, followed by our SVR for the rest of the term (currently 5.95% variable).

Minimum Interest Rate

The interest rate on this product will not drop below 1.50%

Available for

Product Switch, Additional Borrowing

Minimum Loan

n/a

Maximum Loan

£686,000 (For loans above, please contact the Society)

Early Repayment Charges

Apply if more than 10% of the outstanding balance is repaid each year.

2% of repaid amount for the first two years.

Application Fee

0

Arrangement Fee

None

Basic Valuation Fee

Fee Applicable (see valuation fees)

Minimum Property Value

n/a

Minimum Term

2 years

Maximum Term

Varies according to age

Repayment Type

Interest Only and Repayment

Minimum Age

18

Maximum Age at Term End

85 (subject to proof of pension income post age 75 or declared retirement age, whichever is sooner)

Incentives

None

Additional Notes

  • This mortgage summary should be read in conjunction with the Terms & Conditions.
  • We will lend throughout England and Wales only.
  • This information does not contain all of the details you need to choose a mortgage. You will need to obtain an ESIS before you make a decision. Please contact the Society to discuss your requirements.
  • Interest is calculated on a daily basis.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE