A fixed rate mortgage offers a fixed interest rate for a set period of time. This allows you to know exactly how much you will have to pay each month for the period of the fixed rate.

Base Rate Tracker

These are variable rates at the discretion of the Society for a set period of time.

A discounted rate mortgage gives you a discounted rate of interest on your mortgage for a set period of time. The discount is from either a Variable Rate, a Managed Rate or a Bank of England Base Rate Tracker.

A Buy to Let (BTL) mortgage is specifically designed for people who want to invest in the property market by purchasing one or more properties (the Society only allows a maximum of 4 BTL properties in total with all lenders) and letting them out to tenants. You are then able to benefit from any appreciation in the capital value of the property itself or from income provided through the tenant's rent.