Choosing Your Mortgage
At Shepshed Building Society, we want to make your life easier.
We understand that choosing the right mortgage can be difficult. There are so many options, each with different advantages. However, there will always be one mortgage which suits your individual needs.
The Society's Standard Variable Rate (SVR) is currently 5.99% and the Bank of England Base Rate is currently 0.5%.

RESIDENTIAL OWNER/OCCUPIED
	DISCOUNTED OFFSET REMORTGAGE: 2% below SVR for 2 years
	A discount of 2% off the Society's standard variable mortgage interest rate for 2 years with a linked savings account. (3.99% variable - APR 5.8%) Maximum offset amount 85% of the mortgage balance. Maximum loan to value 85%. Free legal fees.* *The Society’s appointed Solicitor will act on behalf of the Society to complete the re-mortgage and the Solicitors costs and some of the essential disbursements will be paid by the Society. Any additional work required which is not normally associated with a re-mortgage will be at your own cost. You are free to take legal advice and instruct Solicitors to act for you but this must be at your own cost.
	DISCOUNTED OFFSET: 2% below SVR for 2 years
	A discount of 2% off the Society's standard variable mortgage interest rate for 2 years with a linked savings account. (3.99% variable - APR 5.8%) Maximum offset amount 85% of the mortgage balance. Maximum loan to value 85%.
	FIXED RATE: 4.99% for 2 years
	A fixed interest rate of 4.99% for 2 years (4.99% - APR 6.1%). Maximum loan to value 85%.
SHARED OWNERSHIP
	DISCOUNTED RATE: 1.25% below SVR for 5 years
	A discount of 1.25% off the Society's standard variable mortgage interest rate for 5 years (4.74% variable - APR 5.7%). Maximum loan to value 85% of the share.
HOMEBUY DIRECT
	DISCOUNTED RATE: 1.25% below SVR for 5 years
	A discount of 1.25% off the Society's standard variable mortgage interest rate for 5 years (4.74% variable - APR 5.7%). Maximum loan to value 70%. *How does it work?* HomeBuy Direct allows you to buy a newly built home on a designated development with the assistance of two equity loans. One loan is from the Government, the other loan is from the Developer. These two loans combined can cover up to 30% of the total purchase price, and Shepshed Building Society can provide a mortgage for the remaining 70% of the purchase price, subject to approval. Repayments on the mortgage will be made in the usual way, with nothing payable on the amount that the Government and Developer contributed for the first five years. After these five years, you will start to pay a small annual fee on the two equity loans.
BUY TO LET RESIDENTIAL PROPERTY LET ON A SHORTHOLD ASSURED TENANCY AGREEMENT PURCHASE OR REMORTGAGE

	FIXED RATE: 6.25% for 2 years
	A fixed interest rate of 6.25% for 2 years (6.25% - APR 6.4%). Maximum loan to value 80%.
	SVR for the term
	The Society's standard variable mortgage interest rate for the term of the mortgage. (5.99% - APR 6.3%). Maximum loan to value 80%.

Shepshed Building Society, Bull Ring, Shepshed, Leics, LE12 9QD is authorised and regulated by the Financial Services Authority. Our Financial Services Authority registration number is 206067. You can check this on the FSA's register by visiting the FSA's website www.fsa.gov.uk/register or by contacting the FSA on 0845 606 1234.