Mortgages

What type of mortgages are available?

We offer many different types of mortgage, so whatever your situation, there's a good chance that you'll find one that's right for you. There's a brief description of each type below, although please be aware that they are subject to availability. If you want to check what's on offer, have a look at the product pages in our main mortgage section.

Discounted mortgages

Discounted mortgages offer you an initial discount off a variable rate for a set period, taking the pressure off while you settle in. At the end of the discounted period, the payments will increase, and you should make sure you can afford the higher rate.

Fixed rate mortgages

The rate of interest is fixed for a set period of time, so you can plan your finances more accurately. However, it's important to bear in mind that variable rates might go below the fixed rate, and that an alternative mortgage product could work out cheaper. Early repayment charges may apply.

Flexible mortgages

Flexible mortgages give you the option to increase your payments, so you could repay your mortgage early and therefore potentially save money. Alternatively, you could reduce your payments or take a payment holiday for a few months, allowing you to free up your cash when you need it most. Interest will continue to accrue on the whole debt secured by the mortgage during any payment holiday period. Early repayment charges may apply.

Tracker mortgages

These mortgages have an interest rate that tracks the Bank of England base rate (BBR). This means that your repayments will increase or decrease in line with changes to the BBR.

Offset savings mortgages

Offset savings mortgages link your savings with your mortgage. Rather than paying you interest on your savings, they offset your savings against your mortgage so you could save money in interest. The savings account with our Offset savings mortgage is also extremely flexible as our cashcard facility gives you instant access to your savings, so you can get at them straight away.

Standard variable rate mortgages

This is the most basic mortgage and the repayments increase or decrease according to our current standard variable mortgage rate.

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