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Airdrie Savings Bank

The Airdrie Savings Bank is very different to other banks in that they don’t have to answer to shareholders. Instead a Board of Trustees, who give their time for free to help, governs them.

Compare mortgages

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years
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Rate type Initial rate Fees Overall cost
APRC

Overall costs for comparison. This is a way of comparing most costs including interest and fees.

Monthly cost
Rate type
Tracker until 31/07/2018
Initial rate
1.5%then 4.5% (variable)
Fees
£1,615fees
Overall cost
4.1%APRC
Monthly cost
£639.90 for 21 months then £871.71 (variable)
for 279 months
Am I eligible?
Please make sure you at least meet the following criteria:
  • Resident of: Scotland
  • Aged 18 or older
  • 68 or younger at mortgage end
  • No bankruptcies
  • No repossessions
  • Up to 75% loan-to-value (LTV) available.

Additional criteria for acceptance from the lender may apply.

Assumed application completion date of 31/10/2016. Repayment mortgage of £160,000 payable over 300 monthly repayments. Total amount payable £258,261 includes: Loan amount (£160,000); Interest (£96,646); Application fee (£1,090); Legal fee (£500); Funds transfer fee (£25); Mortgage discharge fee (£0); Deeds release fee (£0); Fees are assumed to be paid up front and not included in the amount borrowed.
Rate type
Fixed until 31/07/2021
Initial rate
2.5%then 4.5% (variable)
Fees
£525fees
Overall cost
3.9%APRC
Monthly cost
£717.79 for 48 months then £863.53 (variable)
for 252 months
Am I eligible?
Please make sure you at least meet the following criteria:
  • Resident of: Scotland
  • Aged 18 or older
  • 68 or younger at mortgage end
  • No bankruptcies
  • No repossessions
  • Up to 60% loan-to-value (LTV) available.

Additional criteria for acceptance from the lender may apply.

Assumed application completion date of 31/07/2017. Repayment mortgage of £160,000 payable over 300 monthly repayments. Total amount payable £252,588 includes: Loan amount (£160,000); Interest (£92,063); Legal fee (£500); Funds transfer fee (£25); Mortgage discharge fee (£0); Deeds release fee (£0); Fees are assumed to be paid up front and not included in the amount borrowed.
Rate type
Fixed until 31/07/2021
Initial rate
2.88%then 4.5% (variable)
Fees
£525fees
Overall cost
4.1%APRC
Monthly cost
£748.79 for 48 months then £868.76 (variable)
for 252 months
Am I eligible?
Please make sure you at least meet the following criteria:
  • Resident of: Scotland
  • Aged 18 or older
  • 68 or younger at mortgage end
  • No bankruptcies
  • No repossessions
  • Up to 80% loan-to-value (LTV) available.

Additional criteria for acceptance from the lender may apply.

Assumed application completion date of 31/07/2017. Repayment mortgage of £160,000 payable over 300 monthly repayments. Total amount payable £255,395 includes: Loan amount (£160,000); Interest (£94,870); Legal fee (£500); Funds transfer fee (£25); Mortgage discharge fee (£0); Deeds release fee (£0); Fees are assumed to be paid up front and not included in the amount borrowed.
Rate type
Fixed until 31/07/2018
Initial rate
2.92%then 4.5% (variable)
Fees
£525fees
Overall cost
4.3%APRC
Monthly cost
£752.10 for 21 months then £880.67 (variable)
for 279 months
Am I eligible?
Please make sure you at least meet the following criteria:
  • Resident of: Scotland
  • Aged 18 or older
  • 68 or younger at mortgage end
  • No bankruptcies
  • No repossessions
  • Up to 90% loan-to-value (LTV) available.

Additional criteria for acceptance from the lender may apply.

Assumed application completion date of 31/10/2016. Repayment mortgage of £160,000 payable over 300 monthly repayments. Total amount payable £262,026 includes: Loan amount (£160,000); Interest (£101,501); Legal fee (£500); Funds transfer fee (£25); Mortgage discharge fee (£0); Deeds release fee (£0); Fees are assumed to be paid up front and not included in the amount borrowed.
Rate type
Fixed until 31/07/2019
Initial rate
3.03%then 4.5% (variable)
Fees
£525fees
Overall cost
4.3%APRC
Monthly cost
£761.24 for 24 months then £880.16 (variable)
for 276 months
Am I eligible?
Please make sure you at least meet the following criteria:
  • Resident of: Scotland
  • Aged 18 or older
  • 68 or younger at mortgage end
  • No bankruptcies
  • No repossessions
  • Up to 85% loan-to-value (LTV) available.

Additional criteria for acceptance from the lender may apply.

Assumed application completion date of 31/07/2017. Repayment mortgage of £160,000 payable over 300 monthly repayments. Total amount payable £261,719 includes: Loan amount (£160,000); Interest (£101,194); Legal fee (£500); Funds transfer fee (£25); Mortgage discharge fee (£0); Deeds release fee (£0); Fees are assumed to be paid up front and not included in the amount borrowed.
Rate type
Fixed until 31/07/2019
Initial rate
3.33%then 4.5% (variable)
Fees
£1,615fees
Overall cost
4.4%APRC
Monthly cost
£786.48 for 24 months then £882.14 (variable)
for 276 months
Am I eligible?
Please make sure you at least meet the following criteria:
  • Resident of: Scotland
  • Aged 18 or older
  • 68 or younger at mortgage end
  • No bankruptcies
  • No repossessions
  • Up to 75% loan-to-value (LTV) available.

Additional criteria for acceptance from the lender may apply.

Assumed application completion date of 31/07/2017. Repayment mortgage of £160,000 payable over 300 monthly repayments. Total amount payable £263,961 includes: Loan amount (£160,000); Interest (£102,346); Application fee (£1,090); Legal fee (£500); Funds transfer fee (£25); Mortgage discharge fee (£0); Deeds release fee (£0); Fees are assumed to be paid up front and not included in the amount borrowed.
Rate type
Fixed until 31/07/2019
Initial rate
3.43%then 4.5% (variable)
Fees
£525fees
Overall cost
4.4%APRC
Monthly cost
£795.00 for 24 months then £882.79 (variable)
for 276 months
Am I eligible?
Please make sure you at least meet the following criteria:
  • Resident of: Scotland
  • Aged 18 or older
  • 68 or younger at mortgage end
  • No bankruptcies
  • No repossessions
  • Up to 90% loan-to-value (LTV) available.

Additional criteria for acceptance from the lender may apply.

Assumed application completion date of 31/07/2017. Repayment mortgage of £160,000 payable over 300 monthly repayments. Total amount payable £263,254 includes: Loan amount (£160,000); Interest (£102,729); Legal fee (£500); Funds transfer fee (£25); Mortgage discharge fee (£0); Deeds release fee (£0); Fees are assumed to be paid up front and not included in the amount borrowed.
Rate type
Fixed until 31/07/2021
Initial rate
3.5%then 4.5% (variable)
Fees
£525fees
Overall cost
4.3%APRC
Monthly cost
£801.00 for 48 months then £876.97 (variable)
for 252 months
Am I eligible?
Please make sure you at least meet the following criteria:
  • Resident of: Scotland
  • Aged 18 or older
  • 68 or younger at mortgage end
  • No bankruptcies
  • No repossessions
  • Up to 90% loan-to-value (LTV) available.

Additional criteria for acceptance from the lender may apply.

Assumed application completion date of 31/07/2017. Repayment mortgage of £160,000 payable over 300 monthly repayments. Total amount payable £259,969 includes: Loan amount (£160,000); Interest (£99,444); Legal fee (£500); Funds transfer fee (£25); Mortgage discharge fee (£0); Deeds release fee (£0); Fees are assumed to be paid up front and not included in the amount borrowed.
Rate type
Variable
Initial rate
4.5% (variable)
Fees
£1,020fees
Overall cost
4.6%APRC
Monthly cost
£889.33 per month
Am I eligible?
Please make sure you at least meet the following criteria:
  • Resident of: Scotland
  • Aged 18 or older
  • 68 or younger at mortgage end
  • No bankruptcies
  • No repossessions
  • Up to 80% loan-to-value (LTV) available.

Additional criteria for acceptance from the lender may apply.

Repayment mortgage of £160,000 payable over 300 monthly repayments. Total amount payable £267,820 includes: Loan amount (£160,000); Interest (£106,800); Application fee (£495); Legal fee (£500); Funds transfer fee (£25); Mortgage discharge fee (£0); Deeds release fee (£0); Fees are assumed to be paid up front and not included in the amount borrowed.
Rate type
Variable
Initial rate
4.5% (variable)
Fees
£1,020fees
Overall cost
4.6%APRC
Monthly cost
£889.33 per month
Am I eligible?
Please make sure you at least meet the following criteria:
  • Resident of: Scotland
  • Aged 18 or older
  • 68 or younger at mortgage end
  • No bankruptcies
  • No repossessions
  • Up to 80% loan-to-value (LTV) available.

Additional criteria for acceptance from the lender may apply.

Repayment mortgage of £160,000 payable over 300 monthly repayments. Total amount payable £267,820 includes: Loan amount (£160,000); Interest (£106,800); Application fee (£495); Legal fee (£500); Funds transfer fee (£25); Mortgage discharge fee (£0); Deeds release fee (£0); Fees are assumed to be paid up front and not included in the amount borrowed.
Rate type
Fixed until 31/07/2019
Initial rate
4.5%then 4.5% (variable)
Fees
£1,615fees
Overall cost
4.6%APRC
Monthly cost
£889.33 for 24 months then £889.33 (variable)
for 276 months
Am I eligible?
Please make sure you at least meet the following criteria:
  • Resident of: Scotland
  • Aged 18 or older
  • 68 or younger at mortgage end
  • No bankruptcies
  • No repossessions
  • Up to 80% loan-to-value (LTV) available.

Additional criteria for acceptance from the lender may apply.

Assumed application completion date of 31/07/2017. Repayment mortgage of £160,000 payable over 300 monthly repayments. Total amount payable £268,415 includes: Loan amount (£160,000); Interest (£106,800); Application fee (£1,090); Legal fee (£500); Funds transfer fee (£25); Mortgage discharge fee (£0); Deeds release fee (£0); Fees are assumed to be paid up front and not included in the amount borrowed.
Rate type
Fixed until 31/07/2021
Initial rate
4.75%then 4.5% (variable)
Fees
£2,320fees
Overall cost
4.7%APRC
Monthly cost
£912.19 for 48 months then £892.26 (variable)
for 252 months
Am I eligible?
Please make sure you at least meet the following criteria:
  • Resident of: Scotland
  • Aged 18 or older
  • 68 or younger at mortgage end
  • No bankruptcies
  • No repossessions
  • Up to 80% loan-to-value (LTV) available.

Additional criteria for acceptance from the lender may apply.

Assumed application completion date of 31/07/2017. Repayment mortgage of £160,000 payable over 300 monthly repayments. Total amount payable £270,953 includes: Loan amount (£160,000); Interest (£108,633); Application fee (£1,795); Legal fee (£500); Funds transfer fee (£25); Mortgage discharge fee (£0); Deeds release fee (£0); Fees are assumed to be paid up front and not included in the amount borrowed.

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

About Airdrie Savings Bank

The Airdrie Savings Bank was established in 1835. Up until 30 years ago, the bank was responsible for looking after its customers’ savings, but they have since expanded their package of services and today provide general banking services for private and businesses customers, including mortgages. They are the last of the savings banks still operating independently.

The Airdrie Savings Bank is very different to other banks in that they don’t have to answer to shareholders. Instead a Board of Trustees, who have no financial interest in the bank and who give their time for free to help, governs them. There are two main types of mortgage offered by the Airdrie Savings Bank: fixed rate and variable.

The bank offers two and three year fixed rate mortgage products. Once the fixed rate term of the mortgage ends, the loan will revert to the standard variable rate. Overpayments are permitted without charge, but if the entire balance is repaid in full before the end of the fixed term period, a penalty will be incurred. There is an arrangement fee for fixed rate Airdrie Savings Bank mortgages.

Airdrie Savings Bank also has a standard variable rate and a tracker mortgage.

Overpayments are permitted on without penalty, but if repayments are made within the tracker period, a penalty will apply. Arrangement fees are payable on standard variable rate and tracker mortgages.

Extra costs such as legal fees, arrangement fees and valuation fees can be added to an Airdrie Savings Bank mortgage if necessary.

Bridging loans are also available from the Airdrie Savings Bank for customers needing short term financing when purchasing a property.

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