Mortgages types and rates
We offer two types of mortgage…
Simple and straightforward – if you keep up to date with your required monthly repayments this makes sure both the interest and money you’ve borrowed are paid off by the end of the mortgage term.
Interest only Offset Mortgages
Link your savings and current account(s) to your mortgage and only pay the interest on the difference. For example, if your mortgage is £150k but your savings are £30k, you’ll only pay interest on £120k.
…and three types of repayment rate
Fixed Rate Mortgages
Fix your interest rate for an agreed time for example 2 or 5 years, so you know exactly what you’re paying each month.
Tracker Rate Mortgages
Set your interest rate at an agreed percentage above the Bank of England Base Rate – your interest rate will change if and when the Bank of England adjusts the Base Rate.
Standard Variable Rate Mortgages
Your interest rate is set by us and may vary from time to time, over the life of the mortgage.
Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.