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Stafford Railway Building Society


Our Mortgage fixed rate is due to end in July and having done a comparison search on MSE, I've found the best product is from Stafford Railway Building Society.
Has anyone had any experience with them and would you recommend?
Comments
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Hi. I was actually meant to ask the same so adding myself to your question instead of creating new post. It looks too good to be 1.15% for 5yrs fixed on 60%ltv when the next Hugh street bank is 1.69%0
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PawelK said:Hi. I was actually meant to ask the same so adding myself to your question instead of creating new post. It looks too good to be 1.15% for 5yrs fixed on 60%ltv when the next Hugh street bank is 1.69%0
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what does it mean by discounted variable? Don’t you get the rate on this?0
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GentleGiant01 said:what does it mean by discounted variable? Don’t you get the rate on this?1
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GentleGiant01 said:what does it mean by discounted variable? Don’t you get the rate on this?
It's important to remember that the lender's SVR is not tied to the bank rate, so in theory can move up/down even if the bank of England rate doesn't move. For example during the recent bank rate rises, not all building societies increased their SVR by the same amount.
The above is the main difference from a tracker which always tracks the bank rate exactly.
Most discount and tracker products usually offer low ERCs, with a minority of products being ERC free.I am a Mortgage Adviser - You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
PLEASE DO NOT SEND PMs asking for one-to-one-advice, or representation.
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The_Cobbler said:Hi
Our Mortgage fixed rate is due to end in July and having done a comparison search on MSE, I've found the best product is from Stafford Railway Building Society.
Has anyone had any experience with them and would you recommend?
Like most small building societies, I only have the need to use them rarely, and the times I've used them, they've been easy to deal with.
I am a Mortgage Adviser - You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
PLEASE DO NOT SEND PMs asking for one-to-one-advice, or representation.
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K_S said:GentleGiant01 said:what does it mean by discounted variable? Don’t you get the rate on this?
It's important to remember that the lender's SVR is not tied to the bank rate, so in theory can move up/down even if the bank of England rate doesn't move. For example during the recent bank rate rises, not all building societies increased their SVR by the same amount.
The above is the main difference from a tracker which always tracks the bank rate exactly.
Most discount and tracker products usually offer low ERCs, with a minority of products being ERC free.smiley:
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Thrugelmir said:PawelK said:Hi. I was actually meant to ask the same so adding myself to your question instead of creating new post. It looks too good to be 1.15% for 5yrs fixed on 60%ltv when the next Hugh street bank is 1.69%0
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