Standard Variable Rate

The rate at which your mortgage interest payments are calculated.


Standard Variable Rate for the mortgage term, currently 4.64%.

The Annual Percentage Rate of Charge (APRC) is the total cost of the mortgage shown as an annual percentage. All lenders calculate APRC the same way to help you compare mortgage details. This rate could change if a variable rate applied to your mortgage changes (e.g. Standard Variable Rate (SVR)).


Early repayment charge
This is a fee we charge if you overpay, switch or pay off your mortgage early. Early repayment charges don’t always apply – we’ll tell you if they do.


Product fee
This is the fee charged on some of our mortgage products.

Your home may be repossessed if you do not keep up repayments on your mortgage.



Initial rate

Standard Variable Rate for the mortgage term, currently 4.64%.

Overall cost



Fees / Incentives

  • Application fee: None
  • Product fee: None
  • ONE present day valuation included
Read the full Tariff of mortgage charges leaflet.

Max Loan to Value



Interest charged frequency

Interest charged


This rate is exclusively available to all existing members who wish to either borrow additional funds during their mortgage term or raise additional funds when porting their mortgage.

Should you wish to pay your mortgage off before the end of the agreed term, a £125.00 mortgage exit fee will be payable, plus any applicable early repayment charges.

Additional notes

You may only have one included present day valuation which must be carried out by a valuer instructed by us.

Launch date 24.01.20

Overall cost of a mortgage

To help understand the typical cost of this mortgage, please see the representative example below.

Representative example

(This is not an illustration and should only be used as an example)

A mortgage of £30,000.00 starting on 01.07.22 payable over 20 years on our standard variable rate currently at 4.89% would require 239 monthly payments of £196.22, plus one initial interest payment of £124.63.

The total amount payable would be £47,021.21 made up of the loan amount plus interest of £17,005.21 and a funds transfer fee of £8.00.

The overall cost for comparison is 5.0% APRC representative.