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Stafford Railway Building Society, 4 Market Square, Stafford, Staffordshire, ST16 2JH

Stafford Railway Building Society

An Individual Approach to Lending. We have been offering mortgages for over 140 years lending throughout England and Wales.

We operate from a single site in the centre of Stafford, which means there are no call centres.

You will always be able to contact a member of our mortgage team directly and can discuss your quirky cases with an underwriter directly.

Key Features

Paid by PMS

For details of when your proc fee will be paid, please click on the button below.

Paid by PMS

Proc Fees

Product	Gross
All	0.40%

Proc fees - when your proc fee will be paid

Product Type	When does the lender pay PMS?	Frequency
All	The month following completion.	Monthly.

Lenders send payments by BACS which can take anything up to 5 working days to clear at PMS. PMS then make payment to brokers once the funds have cleared in our account.

Overview

Post Code Restrictions:

England and Wales

Register

Register to place business with Stafford Railway Building Society:

*Please select that you are a PMS Mortgage Club member when registering, placing business or checking existing payment route to ensure you receive the procuration fee quoted by PMS.

We specialise in the following areas.

Property and Land

No limits on acreage
Occupancy restrictions, agriculture tie and section 106’s
Overage clauses
Small holdings for personal use
Multiple properties on the same title
Outbuildings, Annexes
DIY liveries, small scale agricultural businesses
Knock-throughs, multiple flats into one home
Unusual properties and conversions such as B&Bs nursing homes or shop units being converted to residential

Income

Employed/Self Employed earned income up to age 75 for certain industries
100% of bonus, commission and overtime used to support affordability
Self Employed - latest accounts with steady increasing profits
Self Employed - salary and dividends or profit after tax and salary
Professionals such as Doctors and Dentists with one year’s accounts
Undrawn SIPP income can be used to support affordability subject to investment statements
Undrawn investment income, 5% of the managed portfolio can be used to support affordability

Don’t forget - we’ll consider:

Maximum age at the end of mortgage term is 95
Interest only criteria of £200,000 equity and £350,000 inside the M25 with no minimum income
Day one remortgages
Ex-pats returning to the UK