Mortgage Houses

90% LTV (Postcode Restricted) - Discounted Variable Mortgage

Term Standard
to Value
Overall Cost
for Comparison
90% LTV (Postcode Restricted) - Discounted Variable Mortgage 2.65% (Variable) 2 Years 2.95% (Variable) 90% 3.00% APRC £100 None Yes

Product Details

Starting Rate 0.30% discount off Stafford Railway’s Standard Variable Rate (SVR) currently 2.95% for 2 years giving a current variable rate of 2.65%, followed by the Society’s SVR applicable for the rest of the term
The overall cost for the comparison 3.00% APRC
Discount Period 2 years from completion
Minimum Interest Rate The interest rate on this product will not drop below 1%
Maximum LTV 90%
Available for
Minimum Loan £50,000
Maximum Loan 75% to 80% LTV - £400,000 / 80% to 85% LTV - £350,000 / 85% to 90% LTV - £300,000
Early Repayment Charges Apply if more than 10% of the outstanding balance is repaid each year.

3% of repaid amount for the first 2 years. 
Application Fee £100
Arrangement Fee None
Basic Valuation Fee Fee applicable (See valuation fees)
Minimum Property Value £100,000
Minimum Term 5 years
Maximum Term 40 years
Repayment Type
Minimum Age 18
Maximum Age at Term End 85 (Mortgage must be finished by the oldest applicants 85th birthday)
Geographical Restrictions The property must be within one of the following postcodes (ST14, ST15, ST16, ST17, ST18, ST19, ST20, ST21 and WS7, WS11, WS12, WS13, WS15)
Incentives None
Representative example (correct as of 04/07/2019) A mortgage of £163,800 payable over 20 years initially on a discounted variable rate of 2.65% 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 £880.00 followed by 216 monthly payments of £902.11. The total amount payable would be £216,410.76 made up of the loan amount plus interest (£52,610.76), 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 3.0% APRC representative.


  • This mortgage summary should be read in conjunction with the Terms and Conditions.
  • 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.

All rates accurate as of 15th September 2020

Other general mortgage information