The minimum deposit is £25
You can save monthly by Direct Debit or standing order
Deposits can be made by cheque through the post or by transfer via the banking system
Archives: Faq
Holds our products and product specific data
Operating an account: withdrawals
Withdrawals must be for a specified amount unless the account is to be closed
The minimum withdrawal amount is £5
If a withdrawal would take the account balance below the required amount to keep the account open (£25), the account will have to be closed
Withdrawals can be requested by using a Withdrawal notification form or by sending us a letter signed by whoever is authorised to operate the account
How to apply
Buy-to-let FAQs
Do you lend on holiday let accommodation?
No we do not provide our buy-to-let mortgage for holiday let or second homes, any letting must be conducted on a 6 or 12 month shorthold assured tenancy agreement.
Is there a maximum number of buy-to-let properties I can own?
We will not lend to an individual who has a portfolio of more than 4 buy-to-let properties.
Is there a limit on the number of units I can have in a single property?
The property must not have any more than 3 self-contained units.
Can the property be let to a family member?
No the property cannot be let to a family member.
Our fees
Residential mortgage valuation fees
| Value of property not exceeding | Fee |
|---|---|
| £100,000 | £180 |
| £150,000 | £210 |
| £200,000 | £240 |
| £250,000 | £270 |
| £300,000 | £300 |
| Up to each £50,000 thereafter add | £30 |
Please note these fees apply to residential and buy-to-let applications.
In all other instances, the fee required will be determined on a case-by-case basis.
A more detailed inspection, such as a Homebuyers Report can often be provided by the same valuer at a fee to be negotiated. Please advise on this point when submitting your application. Depending on the nature of the property, the fee required may on occasion differ from this scale. Valuation fees include VAT.
Application Fee
A non-refundable mortgage application fee of £350 is payable in addition to a mortgage valuation fee.
Early repayment charge
An early repayment charge may be payable if you repay all or part of your mortgage within the first two years.
Our service, fees, tariffs and charges
The Society reserves the right to amend existing services and charges, or to introduce new ones.
Any change to charges will only reflect the increased operational costs of providing the service. You will always be notified before any changes are implemented.
For further details and tariff information please see Our rates and charges leaflet.
When your buy-to-let project is complete
For us to apply the C-Change sustainable homes, C-Change retrofit or C-Change energy improvement discount, once your work is complete you need to provide an Energy Standard certificate and, if applicable an Architect or Building Control certificate.
The discount is only applied to our Variable Rate from the date we receive evidence that the work has been completed and the Energy Standard rating required has been achieved.
How we work out your buy-to-let Variable Mortgage Rate:
Buy-to-let Variable Rate (VR) minus C-Change discount = Variable Mortgage Rate
Mutual values
Our mutual model means that we can be completely focussed on our mission rather than generating profits for shareholders, and it means our members have a say in how we’re run.
Affordable housing
We support local economies and communities by enabling the construction of affordable homes, including shared ownership and community-led housing projects, which offer a low impact approach to sustainable living, particularly in rural areas.
Making affordable homes more energy efficient helps tackle fuel poverty, as well as the carbon emissions produced by our housing stock.
