3 Year Discount

Our 3 Year Mortgage offers a discount of 2.45% off our standard variable rate, currently 5.34%, for a period of 3 years from completion, 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
2.89% 4.6% APRC 95% £499 View

Representative example

A Mortgage of £247,702.00, payable over 17 years and 4 months (208 months) initially on a discounted rate for 3 years (36 months) of 2.89% and then on our current standard variable rate of 5.34% for the remaining 14 years and 4 months (172 months) would require 36 monthly payments of £1,515.35 then 172 monthly payments of £1,776.39. The total amount payable would be £361,707.97 made up of the loan amount plus interest (£112,961.97) with a £499.00 completion fee, £290.00 valuation fee, £30.00 CHAPS fee, £105.00 legal fees and £120.00 mortgage exit administration fee. The overall cost for comparison is 4.6% representative APRC.

Key Features


Minimum £25,000: Maximum £350,000

Loan to Value (LTV)

Maximum 95% (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.  

The Society will not lend on flats, apartments or maisonettes.


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 2%.

Early Repayment Charge Fees How to apply