If you are approaching the end of your mortgage, you may want to consider our Mortgage Membership Service. Did you know that if you leave a balance of £150* in your mortgage account you can continue to benefit from:
- Storage of your Title Deeds; if we already hold them, without additional charge
- Retaining any existing borrowing membership and voting rights
This is charged at an annual 1% fixed rate interest fee on the remaining balance which will be payable when you leave the service*. You will still receive an annual mortgage statement showing this. What’s more, no redemption administration fee will apply when you no longer require the service and fully repay the mortgage.
*Please note that fees may be charged if you require certain additional services. These fees are set out in the Residential Tariff of Charges leaflet. The Society requires a first mortgage on the property.