Dunfermline Building Society, founded in 1869, is Scotland’s largest building society. It plays an important part in Scotland savings and mortgage market. Over the years it has merged with over 20 different building societies. It is a mutual organisation, and today it has nearly £2 billion in assets and a network of 33 branches and 41 agencies throughout Scotland.

It has the following mortgage types:

Discount
Tracker
Lifetime
Standard Variable Rate
Buy to Let
Shared Ownership

Discount: your mortgage rate will be set at a discount off the Society’s standard variable rate for a 2 year period, where you can choose either of two options: a mortgage with a higher discount rate, which is direct and has to be conducted directly through a Dunfermline branch; or a cash back mortgage option but is set at a lower discount rate.

An arrangement fee is applicable
An early repayment charge will apply during the discount period

Tracker: your mortgage rate is linked to the Bank of England base rate, and is set above the Bank base rate for the whole mortgage term. This type of mortgage also has a cash back option.

An arrangement fee is applicable
An early repayment charge will apply

Lifetime: this mortgage product is called resteasy’, it is set at a variable rate for the first 2 years and then goes back to the Society’s standard variable rate for the remaining mortgage term. This product is available only to people over the age of 50 years. This mortgage has a cash back option.

An early repayment charge will apply

Standard Variable Rate: your rate will be set at the Society’s standard variable rate for the whole mortgage term.

There is no arrangement fee
An early repayment charge will apply

Buy to Let: Dunfermline has two different Buy to Let mortgages A 2 year fixed rate mortgage, where the mortgage will go back to the Society’s standard variable rate after the fixed rate period has finished. And, a full term Buy to Let tracker mortgage that is linked to the Bank of England base rate, and is set above this rate for the whole term.

An arrangement fee is applicable
An early repayment charge will apply during the fixed rate period
There is no arrangement fee
An early repayment charge will apply

Shared Ownership: this mortgage is designed to finance the purchase of a home by sharing the cost of the mortgage with a Housing Association. Your rate is set at the Society’s standard variable rate for the entire mortgage term.

There is no arrangement fee
An early repayment charge will apply