Up to 60% LTV mortgages

 

We’re offering cashback to members who have at least 40% equity in their home with a different lender, or a minimum deposit of 40%. Depending on whether you take out a two year fixed rate or a three year fixed rate mortgage with us, there’s £500 or £750 up for grabs! It’s entirely up to you to choose what to spend your cashback on, it could be home improvements, a holiday or simply adding it to your savings – whatever makes you happy! 

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

 

Mortgages with your Credit Union 

When you take your mortgage with No1 CopperPot we dedicate a personal Mortgage Adviser to you, who will take you through the entire process. We deal with all mortgage applications in house so if you have any questions you can contact us whenever suits you and we will be happy to assist.


 

Key benefits

No application fees or arrangement fees

Mortgage interviews available when it suits you (including evenings & weekends)

A personal, in-house Mortgage Advisor to take you through the entire process

Payroll deduction (in 28 forces) to make mortgage repayments effortless

Our simple, free to use online Mortgage Calculator



Current rates of cashback eligible products

Product Interest rate The overall rate for comparison is Arrangement fee Early Repayment Charge** Cashback offered
Two Year Fixed Rate 3.99% 4.5% APRC* None 3% £500
Three Year Fixed Rate 4.25% 4.5% APRC* None 3% £750

*The actual rate available will depend upon your circumstances. Ask for a personalised illustration.
**ERC of 3% of the outstanding loan amount is payable at the time of redemption during the fixed rate period.


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 60% None* You can repay through payroll deduction or Direct Debit

*You can make over-payments on this mortgage throughout its term. Over-payments made within the first 2 years cannot exceed 10% of the original mortgage balance per annum from the date of completion. These over-payments would not be subject to the Early Repayment Charge.

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.


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.