5 Year Fixed Rate - First Step
A fixed interest rate mortgage helps to make budgeting easier, as your monthly repayments stay the same each month during the fixed interest rate period.
So there's no sudden changes in how much you need to find to make your repayments even if interest rates rise or fall.
Initial rate
5.65%
Standard variable rate
6.31%
Overall cost for comparison
6.2%
Maximum LTV
98%
Fees
£0
Good to know
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Repayment amount won't change during the fixed rate term
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Helps you to plan your finances in advance
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Allows you to budget
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Fixed rate of interest over five years
What do these headers mean?
The starting rate of interest which will be charged on your mortgage.
After your initial rate period the interest rate will switch to the lenders Standard Variable Rate.
The Annual Percentage Rate of Charge (APRC) is the total cost of the mortgage shown as an annual percentage. All lenders calculate APRC the same way to help you compare mortgage details. This rate could change if a variable rate applied to your mortgage changes.
The amount of your loan as a percentage of the total value of your property.
These could be reservation or administration fees that are payable on your mortgage deal.
The monthly repayment is calculated on a capital and interest basis and does not include any fees that may be payable.
Summary information
| Interest rates | Initial rate of 5.65% until 30th November 2031 reverting to our Standard Variable Rate (currently 6.31%) from 1st December 2031. |
|---|---|
| Maturity date | 30 November 2031 |
| Maximum Loan to Value (LTV) | 98% |
| Loan amount | £96,000 - £350,000 |
| Daily interest calculation | Interest is calculated on the balance of your account at the end of each day. Interest is accrued daily and added to your account balance on the last day of every month. Every cleared payment that is made reduces the mortgage balance and interest is recalculated on the reduced balance. |
| Minimum term | 2 Years |
| Reservation fee | £ 0 |
| Completion fee | £ 0 |
| Incentives |
10% overpayments per annum Free standard valuation up to £550k |
| Early Repayment Charge (ERC) | 5% of balance outstanding until 30th November 2027. 4% of balance outstanding until 30th November 2028. 3% of balance outstanding until 30th November 2029. 2% of balance outstanding until 30th November 2030. 1% of balance outstanding until 30th November 2031. |
Terms and conditions
Please make sure you've read the terms and conditions before applying
Apply for a mortgage today
We know how important it is for you to get the right mortgage deal. So whether you're buying your first home, moving house or looking to re-mortgage we have the knowledge to help you make the right decision.
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YOUR MORTGAGE WILL BE SECURED ON YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE