Mortgage Houses

Our mortgages are streets ahead

At Stafford Railway Building Society we offer a personal approach and will help you find the right mortgage for you whether you are a first time buyer or an experienced buyer, we'll find a mortgage that suits your needs.

Our discounted mortgage range is available up to 90% Loan to Value. We can help if you're a First Time Buyer, moving home, looking to remortgage or wanting to raise capital when you remortgage. 

We also have mortgages available for Buy to let, Holiday and Expat Buy to let, our specialist Mixed Use mortgage helps if you have another property on your residential title.

Residential mortgages

Are you a first time buyer, someone looking to remortgaging? We have a range of mortgages that can help.

We can help with

  • First Time Buyers
  • Lending in & into retirement
  • Remortgage
  • Self Employed & Complex Income

Mixed Use Mortgages

Suitable for applicants whose property on their title has a

  • Holiday Buy to Let
  • Buy to Let
  • Stables / equestrian
  • Work life units
  • Annex to property

Early Repayment Charge Free

Early Repayment Charge Free mortgages help with

  • Flexibility
  • Allow lump sum over payments
  • Variable rate of interest
  • No penalties to repay your mortgage
  • Self Employed and complex incomes

Buy to let mortgages

If you are looking to invest in a property for the first time or remortgage an existing Buy to let property or holiday home then we can help.

These cover...

  • Buy to let single occupancy
  • Buy to let holiday homes
  • Self employed & complex incomes

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

 

We're particularly known for Lending into retirement and later life, First time buyers, Buy-To-Let including Expats, Self-Employed and Self-Build mortgages.

Our Mortgages

 

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
80% LTV - Discounted Variable - Track 1 5.74% 2 years 6.20% 80% 6.3% APRC £100 None Yes

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.




Product Detail
Arrange a call back
Call 01785 223212

Early Repayment Change 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
90% LTV - Variable 6.20% Term 90% 6.4% APRC £0 £0 No

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. 
Product Detail
Arrange a call back
Call 01785 223212

Joint Borrower Sole Proprietor

Mortgage
Type		 Initial
Rate		 Term Standard
Variable
Rate		 Maximum
Loan
to Value		 Overall Cost
for Comparison
(APRC)		 Application
Fee		 Arrangement
Fee		 Early
Repayment
Charge
Joint Borrower - Sole Proprietor 5.65% 6.20% 90% 5.8% £100 Yes

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. 


Product Detail
Arrange a call back
Call 01785 223212

Shared Ownership

Mortgage
Type		 Initial
Rate		 Term Standard
Variable
Rate		 Maximum
Loan
to Value		 Overall Cost
for Comparison
(APRC)		 Application
Fee		 Arrangement
Fee		 Early
Repayment
Charge
Shared Ownership for Term 5.65% 6.20% 90% of share 5.8% £100 None Yes

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.

 

Product Detail
Arrange a call back
Call 01785 223212

Buy to Let & Holiday 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 - Buy-to-Let / Holiday Buy-to-Let 5.65% 2 years 8.00% 70% 7.7% APRC £100 None Yes

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.

Product Detail
Arrange a call back
Call 01785 223212
Mortgage jargon buster Mortgage valuation fees Tariff of mortgage charges Mortgage FAQs