Our Mortgages

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

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 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
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

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

Arrange a Mortgage call back Call 01785 223212

Other general mortgage information

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