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
75% LTV - Discounted Variable Mortgage	2.20% (Variable)	2 years	3.45% (Variable)	75%	3.30% APRC	None	£499	Yes
Key Features Available for house purchases, moving home, remortgages and capital raising 1.25% discount off Stafford Railway’s Standard Variable Rate (SVR) for three years giving a current variable rate of 2.20%, followed by our SVR for the rest of the term (currently 3.45% variable). The overall cost for comparison is 3.30% APRC An arrangement fee of £499 applies Valuation fees apply 10% of the outstanding balance each year can be overpaid without penalty Interest calculated daily Representative Example (Effective from 16 January 2020) A mortgage of £168,800 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 3.45% (variable) for the remaining 18 years would require 24 monthly payments of £844.24 followed by 216 monthly payments of £936.11 The total amount payable would be £223,455.52 made up of the loan amount plus interest (£59,655.52), a valuation fee of £325, a funds transfer fee of £25, estimated solicitors fees of £145 and an arrangement fee of £499. The overall cost for comparison is 3.30% APRC representative. Product Detail Arrange a call back Call 01785 223212
90% LTV - Discounted Variable Mortgage	2.25% (Variable)	3 Years	3.45% (Variable)	90%	3.20% APRC	None	£499	Yes
Key Features Available for house purchases or moving home only 1.20% discount off Stafford Railway’s Standard Variable Rate (SVR) for two years giving a current variable rate of 2.25%, followed by our SVR for the rest of the term (currently 3.45% variable). The overall cost for comparison is 3.20% APRC An arrangement fee of £499 is payable Valuation fees apply 10% of the outstanding balance each year can be overpaid without penalty Interest calculated daily Representative Example (Effective from 16th January 2020) A mortgage of £87,400 payable over 20 years initially on a discounted variable rate of 2.25% for 3 years and then on our Standard Variable Rate (SVR) currently 3.45% (variable) for the remaining 17 years would require 36 monthly payments of £848.17 followed by 204 monthly payments of £931.84. The total amount payable would be £221,623.48 made up of the loan amount plus interest (£57,823.48), a valuation fee of £325, a funds transfer fee of £25, estimated solicitors fees of £145 and an arrangement fee of £499. The overall cost for comparison is 3.20% APRC representative. Product Detail Arrange a call back Call 01785 223212

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 Mortgage	2.75% (Variable)	3 years	3.45% (Variable)	75%	3.40% APRC	£99	0.5%	Yes
Key Features Available for remortgages, purchases or capital raising 0.70% discount off Stafford Railway’s Standard Variable Rate (SVR) currently 3.45% for 3 years giving a current variable rate of 2.75%, followed by the Society’s SVR applicable at the time for the rest of the term The overall cost for comparison is 3.40% APRC £99 application fee (non-refundable) 0.5% arrangement fee. 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 (Effective from 17 September 2019) A mortgage of £100,000 payable over 17 years initially on a discounted variable rate of 2.75% for 3 years and then on our Standard Variable Rate (SVR) currently 3.45% (variable) for the remaining 14 years would require 36 monthly payments of £614.23 followed by 180 monthly payments of £642.91. The total amount payable would be £131,115.16 made up of the loan amount plus interest (£31,115.16), a valuation fee of £225, a booking fee of £99, a funds transfer fee of £25, estimated solicitors fees of £145 and an arrangement fee of £500. The overall cost for comparison is 3.4% 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
75% LTV - Variable Mortgage	3.45% (Variable)	Term	3.45% (Variable)	75%	3.70% APRC	0.5%	0.5%	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 3.45% The overall cost for comparison is 3.70% APRC An application fee of 0.5% is payable on applicaiton An arrangement fee of 0.5% is payable on completion Valuation fees apply Interest calculated daily Representative Example (Effective from 21 November 2019) A mortgage of £250,000 payable over 17 years on a pay rate of 3.45% on our Standard Variable Rate (SVR) currently for term would require 204 monthly payments of £1621.51. The total amount payable would be £333,863.04 made up of the loan amount plus interest (£83863.04), a valuation fee of £415, a funds transfer fee of £25, estimated solicitors fees of £145, an application fee of £1,250 and an arrangement fee of £1,250. The overall cost for comparison is 3.70% 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	3.20% (Variable)	3 years	5.00% (Variable)	70%	4.60% APRC	None	None	Yes
Key Features Available for remortgages, purchases or capital raising on mortgage free BTLS 1.80% discount off Stafford Railway’s Standard Variable Rate (SVR) currently 5.00% for 3 years giving a current variable rate of 3.20%, 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 £108,500 payable over 18 years initially on a discounted variable rate of 3.20% for 3 years and then on our Buy to Let Standard Variable Rate (SVR) currently 5.00% (variable) for the remaining 15 years would require 36 monthly payments of £661.44 followed by 180 monthly payments of £746.98 The total amount payable would be £158,643.24 made up of the loan amount plus interest (£50,143.24), a valuation fee of £205, a funds transfer fee of £25, estimated solicitors fees of £145. The overall cost for comparison is 4.60% APRC representative. Product Detail Arrange a call back Call 01785 223212
70% LTV - Variable BTL / Holiday Mortgage	5.00% (Variable)	Term	5.00% (Variable)	70%	5.20% APRC	None	None	No
Key Features Available for remortgages, purchases or capital raising 5.00% variable is our current rate No product fee or booking fees apply Valuation fees apply Make unlimited overpayments Interest calculated daily A mortgage of £108,500 payable over 18 years variable rate of 5.00% for term would require 216 monthly payments of £762.79. The total amount payable would be £165,137.64 made up of the loan amount plus interest (£56,637.64), a valuation fee of £205, a funds transfer fee of £25, estimated solicitors fees of £145. The overall cost for comparison is 5.20% 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

Affordability calculator How much would it cost? Arrange a call back Call 01785 223212

Other general mortgage information

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