• Please note that the Premium Saver (6) has now been withdrawn from sale. If you have opened an account, you may add funds until 3pm, 16 August 2022, after this no additions will be allowed. Find out more.

  • Rate changes following Bank of England decision to raise its Bank Rate to 1.75% on 4 August 2022.

    Savings:  Rate increases for Windfall Bond and Tracker Savings Bond apply from 1 September. (Updated 04/08/22)

    Mortgages: Tracker mortgages will change on 25 September 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. (Updated 04/08/22)

3.94% 5 year fixed rate until 31/10/2027 JMSO

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

3.94% 5 year fixed rate until 31/10/2027 JMSO

3.94% 5.54% 5.0%APRC
  • Repayment
80% £599~ £500 cashback for remortgages^

Key things to bear in mind

  • Purpose - Joint Mortgage Sole Owner applications for purchase, remortgage, product switch and further advance. Also available for product switch and further advance for existing guarantor mortgages.
  • Loan to Value - Maximum 80%
  • Fixed Rate end date - 31/10/2027
  • Application fee - £175 + Valuation Fee (£125 for further advance. £0 for product switch) 
  • Valuation fees - Free for properties up to £500,000. For properties above £500,000 the standard valuation fee scale applies, less £330 discount. (£0 for further advance, £0 for product switch) 
  • ~Product fee - £599 for loans up to £500,000 (£0 for further advance, £0 for product switch) 
  • Maximum loan - £500,000
  • Minimum loan - £45,000 for purchase and remortgage. £2,000 for further advance. No minimum for product switches. 
  • Additional benefits:
     - £500 cashback on completion for remortgage applications
  • Early Repayment Charges - 5% until 31/10/2023, 4% until 31/10/2024, 3% until 31/10/2025, 2% until 31/10/2026, 1% until 31/10/2027
  • Cost for comparison - 5.0% APRC
  • Additional criteria – The mortgage must complete by 03/10/2022 
Affordability calculator Email us Ask us to call back Summary & fees

Representative example

A mortgage of £226,000.00 payable over 25 years initially on a fixed rate for 5 years at 3.94% and then on our variable Managed Mortgage Rate, currently 5.54% would require 62 monthly payments of £1,185.44 and 238 monthly payments of £1,354.03 plus one initial interest payment of £758.71.

The total amount payable would be £397,389.13 made up of the loan amount plus interest of £170,515.13, an Application Fee of £175, a Product Fee of £599 and a Mortgage Exit Fee of £100.

The overall cost for comparison is 5.0% APRC representative.

More downloads & what you'll need to apply

More mortgage downloads


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

Bank statements

• Three full months most recent consecutive bank statements for all current accounts, to evidence all income and outgoings. Bank statements must show the applicants name, account number, sort code and bank logo. 

If you're renting your current home you'll need...
• 12 months statements showing rent payments.
If you already have a mortgage you'll need…
• Proof of mortgage payments - we carry out an electronic credit check on all applicants which usually confirms this. However if this fails, we will need proof. This can be provided from 12 months bank statements, the latest mortgage statements, or a combination. To speed up our underwriting, you can provide these on submission.

Proof of income

If you're employed in a company you'll need...
• Three months most recent payslips
• Most recent P60.

If you have property or investment income you'll need...
• Two years most recent SA302s.

If you're self employed you'll need...
• Two years most recent accounts or two years most recent SA302s / Tax Calculations (100% Completed) or Family Building Society Accountant’s Certificate
• Accountant’s details on the application form.

If you are already retired or if the term of your mortgage term goes beyond retirement or age 70 you'll need...
• Most recent Pension Statement or letter from Department for Work and Pensions
• Most recent annual Pension Statement
• Most recent P60.

Other items

Evidence of deposit for purchases
• Evidence of deposit in an account held by the applicant(s)
• For gifted deposits, we require evidence of the funds in a UK account and the giftors details (name, date of birth, relationship to applicants).

If you already let a property you'll need...
• Evidence of rent being paid in and mortgage being paid out (bank statements requested above may already cover this).

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.


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.

Request a call back

We can call you back at a time that suits you.

Visit us in branch

Ashley Square, Epsom, Surrey, KT18 5DD.

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