Mortgages

Mortgage
rates and types

Helping you decide which mortgage is best for you

When you're looking for a home, not just any house will do. It needs to feel like home. And that’s the same for a mortgage. It's important to not just look at the balance and the mortgage term. Instead, think of your own personal situation and what’s right for you, for example, does a tempting low rate mortgage have a large product fee?

From fixed rate to interest only, we offer a whole range of mortgages.

Fixed rate

Pay the same amount for a set period

The interest rate is fixed for this mortgage. So you’ll pay the same amount for a set period – e.g. two or five years.

This means you'll know exactly how much your payments will be, so you can plan a monthly budget to help keep your spending on track.

Tracker rate

A variable rate for a set period

For a set period, often two, three or five years, your interest rate will rise and fall in line with another interest rate. This is typically the Bank of England’s base rate.

If the rate drops, your monthly payments will reduced but if the rate goes up, your mortgage payment will too. 

Buy to let

If you want to buy a property and rent it out

Thinking of buying a property and renting it out? Then a buy to let mortgage could be right for you. Buy to let is similar to standard mortgages, but the interest rates tend to be higher. You may also have to put down a bigger deposit.

Buy to let mortgages can have fixed or tracker rates.

Other key mortgage types and terminology

Fixed and tracker mortgages are two of the most common mortgage types that you can apply for with us. However, there are other types of mortgages, that we may be able to offer, depending on your circumstances.

Interest only mortgage

When you have another repayment plan

You'll only pay the interest on your mortgage and nothing on the capital you borrowed. At the end of your term, you’ll still owe the full amount, so it’s important to have a repayment plan in place.

We don’t offer this type of mortgage to all our customers and specific terms and conditions may apply.

Offset mortgage

Linking your savings to your mortgage

An offset mortgage allows you to link your savings and current account to your mortgage.

You'll only pay interest on the difference between your mortgage and the balance of your savings account.

Plus, you'll still have full access to your savings.

Standard variable rate

Is your initial rate term over or about to expire?

When your initial mortgage deal is over, the standard variable rate (SVR) is the rate that you'll move onto. Your monthly mortgage payments will also change.

If you don't want to go onto the SVR, you can shop around towards the end of your current deal, for another mortgage.

Planning your mortgage

Mortgage calculators

Our mortgage calculators give you an indication of the type of mortgage you could get, based on your personal details and current circumstances.

Agreement in Principle

If you've seen the property you wish to buy, the next step is to get an AIP. This will show you if we may be able to lend you the amount you need.

First time buyer guide

We are here to help you on the journey to buying your first home. Our guide tells you everything you need to know to get on the property ladder.

Need some help?

Call us

Arrange a callback

Complete our quick form to arrange a callback at a time that suits you, including evenings and weekends.

This will allow you to arrange a phone or branch appointment with a qualified mortgage adviser.

Something else we can help you with?