In 1853 the Barnsley was founded and was named the Barnsley Permanent Benefit Building Society. Its aim was to allow people to buy their own dwellings, freehold or leasehold properties and settle mortgages or to invest their money in order to make a financial gain. In December 2008 the Barnsley united with the Yorkshire Building Society, which is the second largest building society in the United Kingdom. Ensuing this merger the Barnsley kept the Barnsley Building Society name and at present has eight branches around the UK.

Barnsley Building Society have a variety of mortgages for you to choose from spanning two or five year terms. When applying for a mortgage you should be aware of the costs that can be incurred such as Valuation fees, Loans administration fees, Product fees and higher lending charges.

Barnsley Building Society Fixed Rate Mortgages come in various groups which are given below. A Fixed Rate Mortgages make it possible for you to budget your monthly expenses as you will know exactly what your payments will be because this kind of mortgage stays the same no matter what happens to interest rates right up to the end of the term of the fixed rate period.

Term of TWO year Fixed Rate -25% Deposit

• The size of the loan is a minimum of £25,001
• Interest rate currently is 2.59% until the 30/11/2013 rising to their SVR (Standard Variable Rate) which currently is 4.99% for the remainder of the mortgage term

Term of TWO year Fixed Rate -25% Deposit

• The size of the loan is a minimum of £25,001, there is no product fee
• Interest rate currently is 2.69% until the 30/11/2013 rising to their SVR (Standard Variable Rate) which currently is 4.99% for the remainder of the mortgage term

Term of TWO year Fixed Rate -15% Deposit

• The size of the loan is a minimum of £75,000
• Interest rate currently is 3.49% until the 30/11/2013 rising to their SVR (Standard Variable Rate) which currently is 4.99% for the remainder of the mortgage term

Term of TWO year Fixed Rate -15% Deposit

• The size of the loan is a minimum of £75,000 there is no product fee
• Interest rate currently is 3.59% until the 30/11/2013 rising to their SVR (Standard Variable Rate) which currently is 4.99% for the remainder of the mortgage term

Term of TWO year Fixed Rate -10% Deposit

• The size of the loan is a minimum of £25,001
• Interest rate currently is 4.49% until the 30/11/2013 rising to their SVR (Standard Variable Rate) which currently is 4.99% for the remainder of the mortgage term

Term of TWO year Fixed Rate -10% Deposit

• The size of the loan is a minimum of £25,001 there is no product fee
• Interest rate currently is 4.59% until the 30/112013 rising to their SVR (Standard Variable Rate) which currently is 4.99% for the remainder of the mortgage term

Term of FIVE year Fixed Rate -25% Deposit

• The size of the loan is a minimum of £25,001
• Interest rate currently is 3.49% until the 30/11/2016 rising to their SVR (Standard Variable Rate) which currently is 4.99% for the remainder of the mortgage term

Term of FIVE year Fixed Rate -25% Deposit

• The size of the loan is a minimum of £25,001 there is no product fee
• Interest rate currently is 3.59% until the 30/11/2016 rising to their SVR (Standard Variable Rate) which currently is 4.99% for the remainder of the mortgage term

Term of FIVE year Fixed Rate -15% Deposit

• The size of the loan is a minimum of £75,000
• Interest rate currently is 4.29% until the 30/11/2016 rising to their SVR (Standard Variable Rate) which currently is 4.99% for the remainder of the mortgage term

Term of FIVE year Fixed Rate -15% Deposit

• The size of the loan is a minimum of £75,000 there is no product fee
• Interest rate currently is 4.39% until the 30/11/2016 rising to their SVR (Standard Variable Rate) which currently is 4.99% for the remainder of the mortgage term

Then there is their Bank of England Tracker Mortgage. The amount of interest you pay is worked out based on a percentage above the Bank of England Base rate (BoE Base Rate). This rate changes either up or down and this will effect your monthly repayments accordingly. These Tracker Mortgages track the BoE Base rate for the duration of your mortgage. If the Base rate rises then you are able to change to a fixed rate but booking fees might be charged.

Barnsley Building Society Bank of England Tracker Mortgage examples

Term of TWO year Fixed Rate -25% Deposit

• The size of the loan is a minimum of £25,001
• The initial rate currently is 2.44% variable -BoE Base Rate plus 1.94%- up until 30/11/2013 rising to their SVR (Standard Variable Rate) which currently is 4.99% for the remainder of the mortgage term

Term of TWO year Fixed Rate -25% Deposit

• The size of the loan is a minimum of £25,001 there is no product fee
• The initial rate currently is 2.54% variable -BoE Base Rate plus 2.04%- up until 30/11/2013 rising to their SVR (Standard Variable Rate) which currently is 4.99% for the remainder of the mortgage term

Term of TWO year Fixed Rate 15% Deposit

• The size of the loan is a minimum of £75,000
• The initial rate currently is 3.24% variable -BoE Base Rate plus 2.74%- up until 30/11/2013 rising to their SVR (Standard Variable Rate) which currently is 4.99% for the remainder of the mortgage term

Term of TWO year Fixed Rate 15% Deposit

• The size of the loan is a minimum of £75,000 there is no product fee
• The initial rate currently is 3.34% variable -BoE Base Rate plus 2.84%- up until 30/11/2013 rising to their SVR (Standard Variable Rate) which currently is 4.99% for the remainder of the mortgage term

Barnsley Building Society is well worth considering. Whilst they don’t have a huge number of branches their staff are friendly and very efficient and aim to please.