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Funds will only be repaid to the Scheme Administrator either by cheque or Faster Payment (up to a maximum of £100,000).
Amounts over £100,000 will need to be sent by CHAPS for which a charge will be applied. Please refer to our Current savings rates and charges leaflet
If a withdrawal would take the account balance below the required amount to keep the account open (£250), the account will have to be closed
An account can be opened by a young person aged 16 or 17 with a cheque or a payment from an account in their name.
Alternatively, a parent or relative can provide:
A covering letter must also be provided confirming the money is being given to the young person and how they are related.
We will need to verify the identity and address of the young person. For details of how this is done, please read the Savings account identification requirements leaflet.
An account can be opened by a parent or relative as a trustee for a child of any age if the parent or relative makes an initial deposit from an account held in their name. Applicants (the parents or relatives) must each have their identity verified in accordance with the information provided in the Savings account identification requirements leaflet specified for individual’s identification requirements. The application should be accompanied by a Birth/Adoption certificate (original only), NHS Medical Card or National Insurance notification letter.
Please note our identification requirements
list in case we request more information
| For new build projects eligible for the C-Change for Sustainable Homes discount | Ratings | Variable Rate | Discount % | Variable Mortgage Rate |
|---|---|---|---|---|
| Passivhaus | Passivhaus | 7.39% | 1.50% | 5.89% |
| Passivhaus | PHPP Modelled | 7.39% | 0.75% | 6.64% |
| Energy Performance Certificate (EPC) | A (SAP rating 110+) (++) | 7.39% | 1.25% | 6.14% |
| Energy Performance Certificate (EPC) | A (SAP rating 100-109) (+) | 7.39% | 1.00% | 6.39% |
| Energy Performance Certificate (EPC) | A (SAP rating 92-99) | 7.39% | 0.75% | 6.64% |
| Energy Performance Certificate (EPC) | B (SAP rating 88-91) | 7.39% | 0.50% | 6.89% |
| Association for Environment Conscious Building (AECB) | AECB CarbonLite Building Standard | 7.39% | 1.00% | 6.39% |
| C-Change Retrofit (for whole house renovations) | Ratings | Variable Rate | Discount % | Variable Mortgage Rate |
|---|---|---|---|---|
| Energy performance Certification for retrofit projects (EPC) | EPC rating improvement | 7.39 | 0.25% for each improvement in EPC rating | 7.04% - 5.89% |
| C-Change Energy Improvement discount | Ratings | Variable Rate | Discount % | Variable Mortgage Rate |
|---|---|---|---|---|
| For specific energy improvement works | Evidenced via invoices and our C-Change energy improvement checklist | 7.39% | A 1.00% discount is applied on funds borrowed specifically for qualifying energy improvement works (see C-Change energy improvement checklist) | 6.39% on funds borrowed specifically for qualifying energy improvement works. 7.14% for funds borrowed that are not related to qualifying energy improvement works to the property |
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 £300 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.
Withdrawals must be for a specified amount unless the account is to be closed
If the balance drops to zero and remains so until the end of the tax year, the ISA will 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
Withdrawals can also be requested online via our Interactive facility (restrictions apply)
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
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