Notices

Savings customers - the interest rates on many of our variable rate savings products will be decreasing from 6 January 2025. Find out more

We will be emailing or writing to you shortly to let you know of how these decreases affect you. In the meantime, you can see all of these changes here.
Mortgage customers - our Managed Mortgage Rate (MMR) will decrease by 0.25% from 20 January 2025. Find out more:

From 20 January 2025, we'll be decreasing our Managed Mortgage Rates (MMR) by 0.25%. All on-sale discounted variable product rates and other details, including representative examples displayed on our website, have been updated to reflect these lower rates.
We will be writing to existing customers who have been impacted by this change, shortly, with details relevant to them.
View our Christmas opening hours here. For information on bank transfer processing times over the Christmas period please click here.
Rate changes following Bank of England decision to decrease its Bank Rate by 0.25% to 4.75% on 7 November 2024. Find out more

Savings: Interest rates for Windfall Bond and Tracker Savings Bond will decrease by 0.25% from 1 December 2024. We will be writing to all customers individually to confirm the new rates.
Mortgages: Tracker mortgages will change on 25 December 2024 and we will write to customers individually with revised payment details where the new rate exceeds the minimum rate (or ‘floor’) already applying to their mortgage.
(Notice updated 08/11)

5.54% Expat 5 Year Fixed Rate to 30/04/2030 (XF0932)

The mortgage will be secured on your property.
Your property may be repossessed if you do not keep up repayments on your mortgage.

Initial interest rate	Current follow on rate	Overall cost for comparison	Repayment or Interest-Only?	Max % Loan to Value (LTV)	Product fees	Additional benefits
5.54% Expat 5 Year Fixed Rate to 30/04/2030 (XF0932)
5.54%	8.94%	8.0%APRC	Interest-Only	70%	1.00%~	£500 cashback for Remortgage applications^

Key things to bear in mind

Purpose - Purchase and Remortgage
Please note that this product is exclusively available for purchase and Remortgage purposes for direct customer applications, on an execution only basis. This product is not available for purchase / Remortgage applications submitted from directly authorised brokers
Loan to Value - Maximum 70%
Fixed Rate end date - 30/04/2030
Application fee - £175 + Valuation Fee
Valuation Fees (Purchase) - Full standard valuation fee scale applies
Valuation Fees (Remortgage) - Free for properties up to £500,000. For properties above £500,000 the standard valuation fee scale applies, less £330 discount
Valuation Fees (Multi Unit Freehold Blocks) - A separate valuation fee scale will apply for this property type. For purchase applications, the full Multi-Unit Freehold Block valuation fee scale will apply. For Remortgage applications, a discount of £330 from the Multi-Unit Freehold Block valuation fee scale applies
^~Product Fee - 1% of the loan amount, subject to a minimum of £1,000
^Cashback - £500 for Remortgage applications
Early Repayment Charges - 5% until 30/04/2026, 4% until 30/04/2027, 3% until 30/04/2028, 2% until 30/04/2029, 1% until 30/04/2030
Maximum loan - No maximum. Loans above £500,000 should be referred to us for specific agreement before submission of an application
Minimum Loan - £45,000 for Purchase and Remortgage
Cost for comparison - 8.0% APRC.

Buy to Let calculator Email us Ask us to call back Summary & fees

More downloads & what you'll need to apply

Identification

We carry out an electronic ID check on all applicants. If this fails you will need to provide us with ID documents.

For Expat clients, we also require:

Certified copy of UK Passport
Certified Proof of address (Utility Bill, Bank Statement, Credit card Statement, Driving Licence)
A certified copy of any ID card for the applicant’s country of residence if one is issued, and a resident’s permit / Visa
Employers / Accountants reference to confirm physical home address.

Bank statements

Three full months most recent consecutive bank statements for all current accounts, to evidence all income and outgoings. Bank statements must show the applicants name, account number, sort code and bank logo.

If you're renting your current home you'll need:

Last 12 months statements showing rent payments.

If you already have a mortgage you'll need:

Proof of mortgage payments - we carry out an electronic credit check on all applicants which usually confirms this. However if this fails, we will need proof. This can be provided from 12 months bank statements, the latest mortgage statements, or a combination. To speed up our underwriting, you can provide these on submission.

Proof of income

If you're employed in a company you'll need:

Three months' most recent payslips
Most recent P60.

If you have property or investment income you'll need:

Two years most recent SA302s.

If you're self employed you'll need:

Two years most recent accounts or two years most recent SA302s / Tax Calculations (100% Completed) or Family Building Society Accountant's Certificate
Accountant's details on the application form.

If you are already retired or if the term of your mortgage term goes beyond retirement or age 70 you'll need:

Most recent Pension Statement or letter from Department for Work and Pensions
Most recent annual Pension Statement
Most recent P60.

Other items

Applicants are required to have an existing UK mortgage. We carry out an electronic credit check on all applicants which may show the performance of these. If this fails to show their existing mortgage(s), 12 months proof of conduct is required. To speed up our underwriting, you can provide this on submission.

Tenancy agreement

For Remortgages, a copy of the existing / proposed tenancy agreement.

Background BTLs

Evidence of rent being paid in and mortgage being paid out (bank statements may already cover this).

Evidence of deposit for purchases

Evidence of deposit in a UK account held by the applicant(s)
For gifted deposits, we require a signed gift letter from the giftor plus evidence of funds in a UK account and the giftors details (names, date of births, relationship to applicants).

Offset accounts

Offset Saver application form.

Expat applications

Applicants are required to provide a UK contact where the Society is able to serve notice regarding the mortgage. This can be a UK Solicitor or close family member in the UK.

Applicants with four or more mortgaged Buy to Let properties