Its exclusive on-line offering gives a stepped discount over five years of 2.70% from the standard variable rate in year one, giving an initial pay rate of 2.95%. In year two, the discount is 1.70% and 0.70% discount in years three to five. The loan is available to both purchase and re-mortgage customers.
Customers can obtain an instant decision in principle online 24 hours a day, seven days a week, and then continue to complete an application on-line in minutes.
E-commerce manager, Ross Hewitt said, "This Internet exclusive is another great entry into the online marketplace by the Society, and it will sit well as a flagship offering alongside our already excellent on-line product range."
