Further Advance 3 Year Discount

Our Further Advance 3 Year Discount Variable Mortgage offers a discount of 2.60% off our standard variable rate, currently 5.34%, giving a current rate payable of 2.74% which won't fall below 2.00% for a period of 3 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
2.74% 4.5% APRC 90% £0 View

Representative example

A Mortgage of  £30,200.00, payable over 15 years and 4 months (184 months) initially on a discounted rate for 3 years (36 months) of 2.74% and then on our current standard variable rate of 5.34% for the remaining 12 years and 4 months (148 months) would require 36 monthly payments of £201.20 then 148 monthly payments of £233.22. The total amount payable would be £41,934.24 made up of the loan amount plus interest (£11,629.24) with a £75.00 valuation fee and £30.00 CHAPS fee. The overall cost for comparison is 4.5% representative APRC.

Key Features


Minimum £2,500: Maximum £200,000         

Loan to Value (LTV)

Maximum 90% (subject to Society lending policy)


No Minimum Term : Maximum 35 years


Available up to a maximum of 90% of the property value for residential properties.

All applications are subject to the Society’s general lending criteria, property value 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 2%.

Early Repayment Charge Fees How to apply