Moving your mortgage
2 Year Discount

Our 2 Year Discount Variable Mortgage offers a discount of 3.85% off our standard variable rate, currently 5.34%, for 2 years giving a current rate payable of 1.49% which won't fall below 1.00% for a period of 2 years from completion. This is followed by our standard variable rate applicable at that time. The interest rate charged won't fall below 2%.

Initial rate Overall cost for
Max % LTV Completion
1.49% 4.7% APRC 80% £1,499 View

Representative example

A Mortgage of  £139,026.00, payable over 17 years and 4 months (208 months) initially on a discounted rate for 2 years (24 months) of 1.49% and then on our current standard variable rate of 5.34% for the remaining 15 years and 4 months (184 months) would require 24 monthly payments of £758.83 then 184 monthly payments of £994.49. The total amount payable would be £203,314.95 made up of the loan amount plus interest (£62,334.95) with a £200.00 valuation fee, £1,499.00 completion fee, £30.00 CHAPS fee, £105.00 legal fees and a mortgage exit administration fee of £120.00. The overall cost for comparison is 4.7% representative APRC.

Key Features

Minimum £25,000: Maximum £400,000

Loan to Value (LTV)
Maximum 80% (subject to the Society's lending policy)

Minimum 2 years: Maximum 35 years

Legal Fee Incentive             
For remortgages, a fees assisted legal service may be available. The Society will pay for the standard legal work involved when using this service. You will have to pay additional fees, such as fees to redeem your existing mortgage, transfer of title, or if surplus funds are being transferred on completion. You are free to take legal advice and instruct your own solicitors but this will be at your own cost.

This product is available for applicants for the purchase or re-mortgage of residential property in mainland England and Wales for the applicants own use. All applications are subject to the Society’s general lending criteria, property valuation and satisfactory status enquiries. This product is a limited edition and cannot be guaranteed until an application has been received.


The mortgage product may be transferred to a new mortgage arranged by the borrower(s) subject to the Society’s lending criteria.

Important Information
The interest rate charged won't fall below 1.00% during the discount period and 2% after that time.

Early Repayment Charge Fees How to apply