3 Year Discount

Our 3 Year Discount Variable Mortgage offers a discount of 2.85% off our standard variable rate, currently 5.34%, for 3 years giving a current rate payable of 2.49% which won't fall below 1.50% for a period of 3 years from completion. This is followed by our standard variable rate (SVR) applicable at that time. The SVR interest rate charged won't fall below 2%.

Initial rate Overall cost for
Max % LTV Completion
2.49% 4.4% APRC 85% £499 View

Representative example

A Mortgage of  £157,290.00, payable over 13 years and 10 months (166 months) initially on a discounted rate for 3 years (36 months) of 2.49% and then on our current standard variable rate of 5.34% for the remaining 10 years and 10 months (130 months) would require 36 monthly payments of £1,121.04 then 130 monthly payments of £1,294.97. The total amount payable would be £209,775.42 made up of the loan amount plus interest (£51,731.42) and a £499.00 completion fee, £30.00 CHAPS fee, £105.00 legal fees, and £120.00 mortgage exit administration fee. The overall cost for comparison is 4.4% representative APRC.

Key Features


Minimum £25,000: Maximum £400,000

Loan to Value (LTV)

Maximum 85% (subject to the Society's lending policy)


Minimum 3 years: Maximum 35 years


This product is available for the purchase or re-mortgage 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.  

Valuation Fee 

The Society will pay the cost of a standard mortgage valuation fee.

Important Information

The interest rate charged won't fall below 1.50% during the discount period and 2% after that time.

Early Repayment Charge Fees How to apply