Option 1 - First Time Buyers Family Mortgage - with charge over savings

5 year fixed rates (until 1 April 2017)

You:

• can add the arrangement fee to your mortgage subject to the maximum LTV. This must be paid initially on application and if you choose to add this to your mortgage, it will be refunded on completion.
• will receive a refund of basic mortgage valuation fee (up to £260).
• will receive a £250 contribution towards your legal fees.
• can repay lump sums without any early-repayment charge (up to £5,000 each financial year)
• will have to pay an early-repayment charge (5% before 2 April 2014, 4% before 2 April 2015, 3% before 2 April 2016 and 2% before 2 April 2017 of the amount repaid) if you repay all or part of your mortgage before 2 April 2017 (excluding the above limit of £5,000 each financial year)
• must have your main current account with the Society.

The amount to be invested must be equivalent to the difference between 75% of the value of the property or purchase price whichever is the lower and the amount of loan that you require. The required funds must remain in the savings account until such time as the charge is released.

There are other conditions you will need to meet in order to qualify for this product - these will be explained to you in full at the time you make your application.

Option 2 - First Time Buyers Family Mortgage - with charge over another property

5 year fixed rates (until 1 April 2017)

You:

• can add the arrangement fee to your mortgage subject to the maximum LTV. This must be paid initially on application and if you choose to add this to your mortgage, it will be refunded on completion.
• will receive a refund of basic mortgage valuation fee (up to £260).
• will receive a £250 contribution towards your legal fees.
• can repay lump sums without any early-repayment charge (up to £5,000 each financial year)
• will have to pay an early-repayment charge (5% before 2 April 2014, 4% before 2 April 2015, 3% before 2 April 2016 and 2% before 2 April 2017 of the amount repaid) if you repay all or part of your mortgage before 2 April 2017 (excluding the above limit of £5,000 each financial year)
• must have your main current account with the Society.

We will lend up to 75% of the combined value of the property you are purchasing and the property of the family member who is also providing security.

There are other conditions you will need to meet in order to qualify for this product - these will be explained to you in full at the time you make your application.

Fixed rate mortgages are limited issue products and may be withdrawn at any time. The maximum loan size is £500,000.

For full details or to arrange an appointment, simply contact us using any of the methods set out on the left of this page