Existing customers - Mortgages

Flexible Mortgage Interest Rates

  • All rates exclusively available to existing customers
  • Rates available up to 120% Loan to Value
  • Offset is available with all products
  • Early repayment charges apply, refer to the ‘Product Transfer Early Repayment Charges‘ table for full details.

How to apply

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

Interest Rates effective from Monday 4th February 2019

We reserve the right to change our product rates at any time.

Interest rates for mortgages up to £250,000

2 Year Fixed Rates for mortgage balances up to £250,000
Loan to Value Initial Rate fixed until
31st July 2021
Reverting to our Standard Variable Rate thereafter The overall cost for comparison is Product Fee
Up to 50% 2.04% Currently 4.24% 3.4% APRC £0
Up to 75% 2.09% Currently 4.24% 3.5% APRC £0
Up to 85% 2.64% Currently 4.24% 3.6% APRC £0
Up to 120% 3.44% Currently 4.24% 3.9% APRC £0
5 Year Fixed Rates for mortgage balances up to £250,000
Loan to Value Initial Rate fixed until
31st July 2024
Reverting to our Standard Variable Rate thereafter The overall cost for comparison is Product Fee
Up to 50% 2.29% Currently 4.24% 3.0% APRC £0
Up to 75% 2.54% Currently 4.24% 3.5% APRC £0
Up to 85% 2.79% Currently 4.24% 3.3% APRC £0
Up to 120% 3.79% Currently 4.24% 4.0% APRC £0

How to apply

Interest rates for mortgages between £250,001 and £500,000

2 Year Fixed Rates for mortgage balances £250,001 to £500,000
Loan to Value Initial Rate fixed until
31st July 2021
Reverting to our Standard Variable Rate thereafter The overall cost for comparison is Product Fee
Up to 50% 1.99% Currently 4.24% 3.5% APRC £0
Up to 75% 2.04% Currently 4.24% 3.5% APRC £0
Up to 85% 2.59% Currently 4.24% 3.7% APRC £0
Up to 120% 3.39% Currently 4.24% 3.9% APRC £0
5 Year Fixed Rates for mortgage balances £250,001 to £500,000
Loan to Value Initial Rate fixed until
31st July 2024
Reverting to our Standard Variable Rate thereafter The overall cost for comparison is Product Fee
Up to 50% 2.24% Currently 4.24% 3.1% APRC £0
Up to 75% 2.49% Currently 4.24% 3.2% APRC £0
Up to 85% 2.74% Currently 4.24% 3.4% APRC £0
Up to 120% 3.74% Currently 4.24% 3.9% APRC £0

How to apply

Interest rates for mortgages greater than £500,000

2 Year Fixed Rates for mortgage balances greater than £500,000
Loan to Value Initial Rate fixed until
31st July 2021
Reverting to our Standard Variable Rate thereafter The overall cost for comparison is Product Fee*
*Product fees can be paid up front, prior to offer; or added to the loan on completion. Where product fees apply these are payable for each £1 million of borrowing (i.e. for loans up to £1 million one product fee is payable; for loans of £1 million to £1,999,999 two product fees would be payable; for loans of £2 million to £2,999,999 three product fees would be payable). Maximum borrowing is £5m.
Up to 50% 1.74% Currently 4.24% 3.5% APRC £599
Up to 50% 1.94% Currently 4.24% 3.6% APRC £0
Up to 75% 1.79% Currently 4.24% 3.5% APRC £599
Up to 75% 1.99% Currently 4.24% 3.6% APRC £0
Up to 85% 2.04% Currently 4.24% 3.6% APRC £599
Up to 85% 2.54% Currently 4.24% 3.7% APRC £0
Up to 120% 2.84% Currently 4.24% 3.8% APRC £599
Up to 120% 3.34% Currently 4.24% 3.9% APRC £0
5 Year Fixed Rates for mortgage balances greater than £500,000
Loan to Value Initial Rate fixed until
31st July 2024
Reverting to our Standard Variable Rate thereafter The overall cost for comparison is Product Fee*
*Product fees can be paid up front, prior to offer; or added to the loan on completion. Where product fees apply these are payable for each £1 million of borrowing (i.e. for loans up to £1 million one product fee is payable; for loans of £1 million to £1,999,999 two product fees would be payable; for loans of £2 million to £2,999,999 three product fees would be payable). Maximum borrowing is £5m.
Up to 50% 2.09% Currently 4.24% 3.1% APRC £599
Up to 50% 2.19% Currently 4.24% 3.2% APRC £0
Up to 75% 2.34% Currently 4.24% 3.3% APRC £599
Up to 75% 2.44% Currently 4.24% 3.3% APRC £0
Up to 85% 2.59% Currently 4.24% 3.4% APRC £599
Up to 85% 2.69% Currently 4.24% 3.4% APRC £0
Up to 120% 3.59% Currently 4.24% 3.9% APRC £599
Up to 120% 3.69% Currently 4.24% 3.9% APRC £0

How to apply

Early Repayment Charges

With a fixed rate mortgage, up to 10% of the loan balance may be repaid once a year without an Early Repayment Charge. Where Early Repayment Charges apply, the following table shows our current charging structure for the different products available.

Early repayment Charge
Product Type For product Loan to Values up to 75% For product Loan to Values above 75%
*For fixed rate products the 'chargeable balance' is any amount repaid that exceeds 10% of the outstanding mortgage balance at the time of the repayment, or the full amount being repaid if a repayment has already been made in the same year. For variable rate products, the 'chargeable balance' is the full amount of mortgage taken on the variable rate product at the outset.
2 Year Fixed rate (no fee) 1.45% of the chargeable balance* being repaid until the 12th payment has been made, followed by 0.70% for the remaining term of the fixed rate. 2.25% of the chargeable balance* being repaid until the 12th payment has been made, followed by 1.00% for the remaining term of the fixed rate.
2 Year Fixed rate (£599 fee) 1.35% of the chargeable balance* being repaid until the 12th payment has been made, followed by 0.65% for the remaining term of the fixed rate. 1.40% of the chargeable balance* being repaid until the 12th payment has been made, followed by 0.70% for the remaining term of the fixed rate.
5 Year Fixed rate (no fee) 5.00% of the chargeable balance* being repaid until the 12th payment has been made, followed by 4.00% between the 12th and 24th payments, followed by 3.00% between the 24th and 36th payments, followed by 2.50% between 36th and 48th payments, followed by 1.00% for the remaining term of the fixed rate. 5.00% of the chargeable balance* being repaid until the 12th payment has been made, followed by 4.00% between the 12th and 24th payments, followed by 3.00% between the 24th and 48th payments, followed by 1.15% for the remaining term of the fixed rate.
5 Year Fixed rate (£599 fee) 4.85% of the chargeable balance* being repaid until the 12th payment has been made, followed by 4.00% between the 12th and 24th payments, followed by 3.00% between the 24th and 36th payments, followed by 2.35% between 36th and 48th payments, followed by 0.95% for the remaining term of the fixed rate. 5.00% of the chargeable balance* being repaid until the 12th payment has been made, followed by 4.00% between the 12th and 24th payments, followed by 3.00% between the 24th and 36th payments, followed by 2.85% between 36th and 48th payments, followed by 1.10% for the remaining term of the fixed rate.
Standard Variable Rate No early repayment charges apply No early repayment charges apply

Representative example

A mortgage of £108,718.61 payable over 15 years and 3 months, initially on a fixed rate for two years and three months at 1.84% and then on our variable rate of 3.99% for the remaining 13 years, would require 27 monthly payments of £681.79 and 156 monthly payments of £777.63, plus one initial interest payment of £5.48.

The total amount payable would be £139,919.34 made up of the loan amount, plus interest (£31,000.25).

The overall cost for comparison is 3.4% APRC representative.

This is an illustration of a typical mortgage and its total cost.