When choosing a mortgage you will want to consider the full range of repayment methods available. The Society is not tied to any insurance company and does not sell any life assurance or investment products. If you have consulted a registered mortgage Introducer or Intermediary, he/she should be able to help. If you are dealing with the Society direct, we recommend that you consult an independent financial adviser. We can put you in touch with an independent financial adviser if you wish.

Some borrowers may wish to have part of the loan on an interest only basis and the balance on a repayment basis. The Society is prepared to accommodate this, and in these circumstances the loan will be set up in two parts.

It is important with any investment linked mortgage (e.g. endowment, ISA or pension) that you ensure that all premiums or contributions are made and that you do not surrender or cash in the policy or plan early as you may lose a large part of its potential value. With these types of mortgages, no capital is repaid until the end of the loan period so the outstanding balance never reduces. Consider how you would repay your mortgage at the end of the loan period if for example, you had allowed your endowment cover to lapse because you had not paid the premiums or if you had surrendered the policy.

You will normally make your first payment during the calendar month after the month in which the loan is completed. However, before this we may ask for an amount to be paid which covers the interest charged between the completion date and the end of the month in which completion takes place. This payment should ensure that the mortgage balance does not increase.

The fees quoted above relate only to the basic valuation which is required to enable the Society to assess whether the property is suitable security for the mortgage which you require. If you are purchasing a property, it is strongly recommended that you consider obtaining either a Homebuyer's Report or Full Structural Survey. Please advise the Society of your choice on the mortgage application form.

Solicitors' and Licensed Conveyancers' fees are not based on a set scale. You should ask your Solicitor to provide you with a quote for acting on your behalf and on behalf of the Society. If the Society is instructing its own Solicitor because your Solicitor is not acceptable to us you will have to pay their fees as well. Likewise if you are using a Licensed Conveyancer you will have to pay the fees of the Society's Solicitor as we do not accept Licensed Conveyancers. If your Solicitor is not acceptable to the Society we will endeavour to tell you at the earliest possible opportunity.

From time to time, the Society provides a variety of new business products. Please see separate literature which will provide details of the products that are available at the time. This will provide you with details of the terms and conditions including any early repayment charges which are applicable.

The Society does not insist that you arrange your buildings insurance through the Society. However the Society can arrange cover either on a standard basis or with accidental damage,  with contents if required,  and a quotation will be provided when your application form is received. The premium can be paid by monthly direct debit at no additional cost to you. Should you not decide to take the cover through the Society, then it will be necessary to provide a copy of the Policy to the Society. When issued, the policy should be preferably in the joint names of the Society and the borrower and as a minimum, the Society's interest should be noted.

The Society, like most reputable mortgage lenders, uses income multiples as a guide when working out how much you can safely borrow. The Society will also look at any other financial commitments you may have and take these into consideration.

Borrowers should be aware taking out a mortgage is a long term financial commitment and a change in personal circumstances e.g. long-term sickness, relationship breakdown or unemployment can have adverse financial consequences which may affect your ability to pay your mortgage and payments into an investment designed to repay your loan. If you do have difficulties at any time, please contact the Society as soon as possible. The sooner we are aware of the situation, the sooner we can work together to reach a solution. The Society will consider cases of mortgage arrears sympathetically and positively and co-operate with recognised debt advice organisations.

If you require further information on any of our Mortgages please telephone our Mortgage Department on 01494 879517