Ready for your first home?
Ready for your first home?
Fixed Mortgage
A rate that won't change for a specified period of time. The benefit of a fixed rate mortgage is that you will not be affected by rising or falling interest rates for a set during your fixed term. Fixed 5 years and no arrangement fee:
| LTV | Initial Fixed Rate | Follow On Rate | APRC | Early Repayment Fee/Charges |
|
Up to 85% Loan to Value on 100% 100% if buying 50/50 |
4.25% | Base rate + 2.50% | 6% | 5% reducing by 1% per year |
Repesentative example: A £120,000.00 mortgage over 20 years, starting with a fixed rate of 4.25% for the first 5 years, requiring 60 monthly payments of £743.08. After this period, the rate switches to a variable rate of BBR + 2.5% (7.25%*) for the remaining 15 years, requiring 180 monthly payments of £901.70. The total amount payable is £207,896.80, consisting of the loan amount (£120,000.00) and interest (£87,896.80).
The overall cost for comparison is 6% APRC representative.
*indicative rate as of 29.01.2025.
Advantage Mortgage
The Advantage Mortgage aims to help with the early years of your mortgage payments by offering a reduced initial interest rate for a period of 5 years. Variable rate with reduced interest rates (5 years) and no arrangement fee:
| LTV | Initial Fixed Rate | Follow On Rate | APRC | Early Repayment Fee/Charges |
|
Up to 85% Loan to Value on 100% 100% if buying 50/50 |
Base Rate + 1.95% | Base Rate + 2.50% | 7.3% | Full outstanding loan is repaid - £500 |
Representative example: A £120,000.00 mortgage over 20 years, starting with a tracker rate of BBR + 1.95% for the first 5 years. This requires 60 monthly payments of £908.87. After this period, the rate switches to a variable rate of BBR + 2.5% (7.25%) for the remaining 15 years, requiring 180 monthly payments of £940.53. The total amount payable is £224,833.60, consisting of the original loan amount (£120,000.00) and interest (£104,833.60).
The overall cost for comparison is 7.3% APRC representative.
*indicative rate as of 29.01.2025.
Planning for the future
Personal Loan
You may have a shortfall in your funds to renovate your new property. We are happy to consider a personal loan to assist with your requirements.
Starting your saving
There’s always something to save for and we are here to help you. If you use your current account for day-to-day spending or open a separate current account to put some money aside, you will earn interest and your money will be instantly available to you.
Exploring investments
We'll help you answer all your questions about developing an investment strategy tailored to your needs, your savings capacity, your time of life and your goals. Our Flex Savings product offers you the opportunity of combining investing and saving.