Variable Rate mortgages

These variable rate mortgages can change their mortgage interest rates at any time, subject to the terms and conditions of the mortgage.

If you are not an existing mortgage customer, our products are available through a broker only.

Two Year Discount Mortgage

  • Initial rate1.74% Variable
  • then changing to our SVR minus 1.00%4.39%
  • The overall cost for comparison is3.5% APRC
  • Product periodtwo years
  • Deposit required20%
  • Arrangement feeNone
View this mortgage ViewRepresentative Example

A mortgage of £351,384 payable over 10 years, initially on a Discounted rate for 2 years at 1.74% and then a 1.00% discount off our current Standard Variable Rate Mortgage of 5.39% to give a current rate payable of 4.39% (variable) for the remaining 8 years, would require 24 monthly payments of £3,192.45 and 96 monthly payments of £3,537.11.

The total amount payable would be £416,441.36 made up of the loan amount plus interest (£65,092.84), an application fee of £180 and a redemption fee of £80.

The overall cost for comparison is 3.5% APRC representative.

Self Employed Three Year Discount Mortgage

  • Initial rate2.74% Variable
  • then changing to our SVR minus 1.00%4.39%
  • The overall cost for comparison is4.3% APRC
  • Product periodthree years
  • Deposit required40%
  • Arrangement fee£499
View this mortgage ViewRepresentative Example

A mortgage of £275,697 payable over 26 years 11 months, initially on a Discounted rate for 3 years at 2.74% and then a 1.00% discount off our current Standard Variable Rate Mortgage of 5.39% to give a current rate payable of 4.39% (variable) for the remaining 30 years, would require 36 monthly payments of £1,058.50 and 360 monthly payments of £1,337.14.

The total amount payable would be £519,521.21 made up of the loan amount plus interest (£243,859.35), an application fee of £180 and a redemption fee of £80.

The overall cost for comparison is 4.3% APRC representative.

Self Employed Three Year Discount Mortgage

  • Initial rate3.04% Variable
  • then changing to our SVR minus 1.00%4.39%
  • The overall cost for comparison is4.4% APRC
  • Product periodthree years
  • Deposit required20%
  • Arrangement fee£499
View this mortgage ViewRepresentative Example

A mortgage of £275,697 payable over 25 years 11 months, initially on a Discounted rate for 3 years at 3.04% and then a 1.00% discount off our current Standard Variable Rate Mortgage of 5.39% to give a current rate payable of 4.39% (variable) for the remaining 30 years, would require 36 monthly payments of £1,103.66 and 360 monthly payments of £1,341.38.

The total amount payable would be £522,673.14 made up of the loan amount plus interest (£247,011.28), an application fee of £180 and a redemption fee of £80.

The overall cost for comparison is 4.4% APRC representative.

Contractor Three Year Discount Mortgage

  • Initial rate2.64% Variable
  • then changing to our SVR minus 1.00%4.39%
  • The overall cost for comparison is4.2% APRC
  • Product periodthree years
  • Deposit required40%
  • Arrangement fee£499
View this mortgage ViewRepresentative Example

A mortgage of £236,248 payable over 21 years 11 months, initially on a Discounted rate for 3 years at 2.64% and then a 1.00% discount off our current Standard Variable Rate Mortgage of 5.39% to give a current rate payable of 4.39% (variable) for the remaining 22 years, would require 36 monthly payments of £1,076.58 and 264 monthly payments of £1,303.51.

The total amount payable would be £382,928.83 made up of the loan amount plus interest (£146,715.51), an application fee of £180 and a redemption fee of £80.

The overall cost for comparison is 4.2% APRC representative.

Contractor Three Year Discount Mortgage

  • Initial rate2.94% Variable
  • then changing to our SVR minus 1.00%4.39%
  • The overall cost for comparison is4.3% APRC
  • Product periodthree years
  • Deposit required20%
  • Arrangement fee£499
View this mortgage ViewRepresentative Example

A mortgage of £236,248 payable over 20 years 11 months, initially on a Discounted rate for 3 years at 2.94% and then a 1.00% discount off our current Standard Variable Rate Mortgage of 5.39% to give a current rate payable of 4.39% (variable) for the remaining 22 years, would require 36 monthly payments of £1,112.96 and 264 monthly payments of £1,308.11.

The total amount payable would be £385,452.94 made up of the loan amount plus interest (£149,239.62), an application fee of £180 and a redemption fee of £80.

The overall cost for comparison is 4.3% APRC representative.

Self Build Mortgage

  • Initial rate3.99% Variable
  • then changing to our SVR, currently5.39%
  • The overall cost for comparison is4.6% APRC
  • Product period24 months
  • Max Gross Development Value75%
  • Arrangement fee1.00% of the loan
View this mortgage ViewRepresentative Example

A mortgage of £291,325 payable over 2 years, initially on a Discounted rate for 2 years at 3.99% and then on our current Standard Variable Rate Mortgage of 4.39% (variable) for the remaining 0 years, would require 24 monthly payments of £2,213.75 and 0 monthly payments of £2,958.45.

The total amount payable would be £357,200.12 made up of the loan amount plus interest (£65,910.12), an application fee of £300 and a redemption fee of £80.

The overall cost for comparison is 4.6% APRC representative.

Self Build Mortgage

  • Initial rate4.19% Variable
  • then changing to our SVR, currently5.39%
  • The overall cost for comparison is4.7% APRC
  • Product period24 months
  • Max Gross Development Value80%
  • Arrangement fee1.00% of the loan
View this mortgage ViewRepresentative Example

A mortgage of £291,325 payable over 2 years, initially on a Discounted rate for 2 years at 4.19% and then on our current Standard Variable Rate Mortgage of 4.39% (variable) for the remaining 0 years, would require 24 monthly payments of £2,941.19 and 0 monthly payments of £2,963.63.

The total amount payable would be £358,355.96 made up of the loan amount plus interest (£67,065.96), an application fee of £300 and a redemption fee of £80.

The overall cost for comparison is 4.7% APRC representative.

Your home may be repossessed if you do not keep up repayments on your mortgage