Standard Variable Rate Mortgage

We believe in keeping things simple, so we are pleased to introduce our Standard Variable Rate Mortgage with no arrangement fee. 
We want to make applying for your mortgage as stress free as possible by providing a friendly, efficient and reliable service. Every application is assigned to one of our experienced Mortgage Advisers who will personally assist you through the process, whether buying your first home or re-mortgaging. Our mortgages are exclusively available to our members.



Helping you to buy your home

No application or arrangement fees

Personal Mortgage Adviser to take you through the process

✓ Mortgage interviews (Fact Finds) available whenever suits you, including evenings or weekends

Mortgage calculator available online and simple to use

✓ Payroll deduction can be used for mortgages repayments (available in 28 forces)


How it works

This is our most flexible mortgage product in terms of early repayments and over-payments. Not only does this product have no arrangement fee, but it also has no early repayment or over-payment charges. This allows you to repay your mortgage as fast as you wish, without being penalised to do so. 

The interest rate on this mortgage is variable. Reviews of the standard variable rate will take place every month. Any amendment to the interest rate following the review will apply from the first day of the following month.


Current rate

Product Interest rate The overall rate for comparison is Arrangement fee Early Repayment Charge
Standard Variable Rate 4.5% 4.6% APRC* None None

*The actual rate available will depend upon your circumstances. Ask for a personalised illustration.


Key information 

Mortgage amount Maximum mortgage term Loan to Value (maximum) Over-payment charge       Repaying your mortgage
£25,000 up to a maximum of £500,000 35 years Up to 90% None You can repay through Payroll Deduction or Direct Debit

All applicants must be a member of No1 CopperPot Credit Union and over 18 years of age. Applicants must be no more than 75 years of age at the end of the mortgage term.


Loan to Value Breakdown

This breakdown allows you to work out how much of a deposit you will need to go towards your mortgage, depending on the amount you wish to borrow.  The Loan to Value is the percentage of the amount we will lend to you, in relation to the amount the property is worth.

An example following the guidelines below, if you buy a house worth £200,000 we could lend you up to 90% of the property worth (£180,000), and you would need at least £20,000 as a mortgage deposit. 

Amount Borrowed £25,000 – £300,000 Over £300,000 – £400,000 Over £400,000 – £500,000
Loan to Value (maximum) Up to 90% Up to 80% Up to 70%


What you need to know

All mortgages are individually assessed by one of our Mortgage Advisers. This is based upon your ability to repay and not solely on your credit score. Once your mortgage has been approved we will need a valuation of the property to be completed, by a surveyor of our choice. You must remember to budget for the cost of the valuation as the fee will be required at the start of the process and it is non-refundable in the event of your mortgage not completing. For more information about surveys, please click here.

A solicitor of your choice will have to be appointed to deal with the legal process and the cost will vary depending on your chosen solicitor and the individual property.

We also have our full Tariff of Charges available on our website.



How to apply

You can request a call back by clicking on the button below, this allows you to choose a suitable time and date for us to call you. When we get in contact we will arrange a mortgage telephone interview with one of our qualified Mortgage Advisers who will assess your circumstances in order to advise and make a suitable recommendation.

Alternatively you can contact us at any time during our office hours on 0161 741 3160.