Notices
  • Homes for Ukraine - important information can be found here.

  • Monthly savings statements - From May we will be sending future monthly statements of electronic transactions on your savings account by email. More details on how to view your statement and the new process can be found here.

  • Following the Bank of England’s decision to raise the Bank Rate by 0.25% to 1.00% on 5 May 2022, Windfall Bond and Tracker Savings Bond rates will increase by 0.25% from 1 June 2022. We are reviewing our other variable savings rates and will notify customers of any interest rate increase on their account. Tracker mortgages will change on 25 June 2022 and we will write to customers individually with revised payment details where the new rate exceeds the minimum rate (or ‘floor’) already applying to their mortgage. (Notice updated 06/05/2022)

3.24% 3 year discounted rate by 2.30% for Expats

The mortgage will be secured on your home. Your home may be repossessed if you do not keep up repayments on your mortgage.

Initial interest rate Current follow on rate Overall cost for comparison Repayment or Interest-Only? Max % Loan to Value (LTV) Product fees Additional
benefits

3.24% 3 year discounted rate by 2.30% for Expats

3.24% 5.54% 5.3%APRC
  • Interest-Only
70% £999~

Key things to bear in mind

  • Purpose - Purchase, remortgage, product switch and further advance 
  • Discount - 2.30% applied to our Residential Investment Managed Mortgage Rate for 3 years
  • Minimum rate - 3.24% 
  • Loan to Value - Maximum 70%
  • Application fee - £175 + Valuation Fee for purchase and remortgage. (£125 for further advance, £0 for product switch)
  • Valuation Fees (Purchase and Remortgage) - Full standard valuation fee scale applies
  • Valuation Fees (Further advance and Product Switch) - £0
  • Valuation Fees (Multi Unit Freehold Blocks) - A separate valuation fee scale will apply for this property type. For purchase and remortgage applications, the full Multi-Unit Freehold Block valuation fee scale will apply. (£0 for further advance, £0 for product switch)
  • ~Product fee - £999 for loans up to £500,000. For loans above £500,000 0.4% of the loan amount.
  • Maximum loan - No maximum. Loans above £500,000 should be referred to us for specific agreement before submission of an application
  • Minimum loan - £100,000 for purchase and remortgage. £2,000 for further advance. No minimum for product switches
  • Early Repayment Charges - 3% in the first year, 2% in the second year and 1% in the third year
  • Cost for comparison - 5.3% APRC
  • Additional information: 
    Please refer to our lending criteria for a full list of countries currently considered for expat applications
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More downloads & what you'll need to apply

More mortgage downloads

Identification

We carry out an electronic ID check on all applicants. If this fails you will need to provide us with ID documents.

For Expat clients we also require:
– Certified copy of UK Passport
- Certified Proof of address (Utility Bill, Bank Statement, Credit card Statement, Driving Licence)
- A certified copy of any ID card for the applicant’s country of residence if one is issued, and a resident’s permit / Visa.

Other items

Applicants are required to have an existing UK mortgage. We carry out an electronic credit check on all applicants which may show the performance of these. If this fails to show their existing mortgage(s), 12 months proof of conduct is required. To speed up our underwriting, you can provide this on submission. 

Tenancy agreement
For remortgages, a copy of the existing / proposed tenancy agreement.

Background BTLs
– Evidence of rent being paid in and mortgage being paid out (bank statements may already cover this)

Evidence of deposit for purchases
– Evidence of deposit in a UK account held by the applicant(s) 
– For gifted deposits, we require a signed gift letter from the giftor plus evidence of funds in a UK account and the giftors details (names, date of births, relationship to applicants)

Expat applications
– Applicants are required to provide a UK contact where the Society is able to serve notice regarding the mortgage. This can be a UK Solicitor or close family member in the UK.

Applicants with four or more mortgaged Buy to Let properties
– We will treat these applications as a portfolio landlord and we require details of their full portfolio and a business plan.
 

Case study - A repayment mortgage even in retirement

Christine and her husband were looking for a repayment mortgage in their retirement but needed a long mortgage term.

View full case study

Over 125 years of helping people move in

For a long time we've been trusted to lend to a wide variety of people with a more small scale, personal approach as shown in our awards.

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More about who we areView our awards

Call our expert UK team

New enquiries

Savings - 03330 140141

Mortgages - 03330 140140

Existing customers

Savings - 03330 140144

Mortgages - 03330 140146

...or ask the way that suits you.

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Visit us in branch

Ashley Square, Epsom, Surrey, KT18 5DD.

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