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%.
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 90% of the share.
BUY TO LET
For Applicants Purchasing/Remortgaging a Property
(The property is to be let on a Shorthold Assured Tenancy Agreement.)
DISCOUNTED RATE: 1.89% below SVR for 3 years
A discount of 1.89% off the Society’s standard variable mortgage interest rate for 3 years (4.10% variable – APR 5.8%). Maximum loan to value 70%.
