Mortgage Houses

75% LTV - Discounted Variable Mortgage

Term Standard
to Value
Overall Cost
for Comparison
75% LTV - Discounted Variable Mortgage 2.70% (Variable) 2 years 2.95% (Variable) 75% 2.90% APRC £100 0.50% (Min. £500) Yes

Product Details

Starting Rate 2.70% variable (0.25% discount off Stafford Railway’s Standard Variable Rate (SVR) currently 2.95% for 2 years giving a current variable rate of 2.70%, followed by the Society’s SVR applicable at the time for the rest of the term)
The overall cost for the comparison 2.90% APRC
Discount Period 2 years from completion
Minimum Interest Rate The interest rate on this product will not drop below 1.00%
Maximum LTV 75%
Available for
Capital Raising
Minimum Loan £100,000
Maximum Loan £500,000
Early Repayment Charges Apply if more than 10% of the outstanding balances is repaid each year:
Year 1: 3% of repaid amount
Year 2: 3% of repaid amount
Application Fee £100
Arrangement Fee 0.50% (Min. £500)
Basic Valuation Fee Fee applicable (See valuation fee)
Minimum Property Value £250,000
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 We will lend throughout England and Wales
Incentives None
Representative example A mortgage of £225,000 payable over 22 years initially on a discounted variable rate of 2.70% for 2 years and then on our Standard Variable Rate (SVR) currently 2.95% (variable) for the remaining 20 years would require 24 monthly payments of £1,131.24 followed by 240 monthly payments of £1,157.23. The total amount payable would be £306,763.96 made up of the loan amount plus interest (£81,763.96), a valuation fee of £485 a booking fee of £100, a funds transfer fee of £25, estimated solicitors fees of £145 and an arrangement fee of £1,125. The overall cost for comparison is 3.00% APRC representative.


  • This mortgage summary should be read in conjunction with the Terms and Conditions
  • Property Type:
  1. Any property with an agricultural tie;
  2. Properties with acreage in excess of 5;
  3. No more than a total of 3 buildings on the title;
  4. All buildings to be wind and watertight;
  5. Farm is acceptable, subject to personal use only;
  6. Buildings on site may be used for Holiday Let or Buy to let purposes and  must conform to relevant planning and local authority approval (If applicable);
  7. No buildings on site may be rented out to 3rd parties or for commercial use (excluding the above);
  8. All consents, permissions, and covenants must be in place and confirmed by the solicitor/conveyancer at completion (condition on the COT);
  9. Properties with a home office/work unit will be considered subject to no visiting to the property by any client
  10. Where part of the residential property is let the Society will require confirmation from the Solicitors that any tenancy agreement in place protects the Society;
  11. Limited consideration will be given to livery/equine use by referral only and subject to Valuers comments;
  12. Limited consideration will be given to applications where there are more than 3 building on the title, and subject to Valuers comments (Please contact us);
  13. The Society must have first charge over all land and property on the title, and obtain full vacant possession if required;
  14. The Society will not consider mixed use properties on an industrial basis, e.g. depots, garages, storage of goods such as scaffolding etc.

All rates correct as of 22/02/2021

Other general mortgage information