5 Year Discount

This 5 Year Buy for Uni Variable Mortgage offers a discount of 0.75% off our standard variable rate, currently 5.34%, for a period of 5 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
4.59% 5.0% APRC 80% £999 View

Representative example

A Mortgage of £155,379.00, payable over 5 years and 5 months (65 months) initially on a discounted rate for 5 years (60 months) of 4.59%  and then on our current standard variable rate of 5.34% for the remaining 5 months, would require 60 monthly payments of £594.32 then 5 monthly payments of £691.44. This is based on an interest-only repayment method.  The total amount payable would be £196,553.35 made up of the loan amount plus interest (£39,700.35) and a £220.00 valuation fee, £999.00 completion fee, £30.00 CHAPS fee, £105.00 legal fees, and £120.00 mortgage exit administration fee. The overall cost for comparison is 5.0% representative APRC.

Key Features


Minimum £90,000: Maximum £400,000

Loan to Value (LTV)

Maximum 80%  


Maximum 35 years


This product is available to student applicants in full-time higher education to purchase accommodation for their own use in their City/Town of study. This property must be in mainland England and Wales, and;

All applications are subject to the Society’s general lending criteria, property value and satisfactory status enquiries. This product is a limited edition and can't be guaranteed until an application has been received.


This mortgage product is not portable.

Important Information

The interest rate charged won't fall below 2%.

Early Repayment Charge Fees How to apply