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.

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

Our variable-rate mortgages

Standard Variable Rate Mortgage

  • Initial rate5.39% Variable
  • then changing to our SVR, currently5.39%
  • The overall cost for comparison is5.6% APRC
  • Product periodLife of loan
  • Deposit required30%
  • Arrangement feeNone
View this mortgage ViewRepresentative Example

A mortgage of £90,030 payable over 12 years on our current Standard Variable Rate Mortgage of 5.39% (variable) would require 144 monthly payments of £404.38.

The total amount payable would be £148,818.21 made up of the loan amount plus interest (£58,818.21), an application fee of £135 and a redemption fee of £130.

The overall cost for comparison is 5.6% APRC representative.

First Time Buyer Two Year Discount Mortgage

  • Initial rate4.49% Variable
  • then changing to our SVR, currently5.39%
  • The overall cost for comparison is5.4% APRC
  • Product periodtwo years
  • Deposit required5%
  • Arrangement feeNone
View this mortgage ViewRepresentative Example

A mortgage of £294,530 payable over 35 years, initially on a Discount rate for 2 Years at 4.49% and then on our current Standard Variable Rate Mortgage of 5.39% (variable) for the remaining 33 years, would require 24 monthly payments of £1,392.06 and 396 monthly payments of £1,553.68.

The total amount payable would be £649,847.60 made up of the loan amount plus interest (£355,347.60), an application fee of £135 and a redemption fee of £130.

The overall cost for comparison is 5.4% APRC representative.

Standard Variable Rate Mortgage

  • Initial rate5.39% Variable
  • then changing to our SVR, currently5.39%
  • The overall cost for comparison is5.6% APRC
  • Product periodLife of loan
  • Deposit required30%
  • Arrangement feeNone
View this mortgage ViewRepresentative Example

A mortgage of £90,030 payable over 12 years on our current Standard Variable Rate Mortgage of 5.39% (variable) would require 144 monthly payments of £404.38.

The total amount payable would be £148,818.21 made up of the loan amount plus interest (£58,818.21), an application fee of £135 and a redemption fee of £130.

The overall cost for comparison is 5.6% APRC representative.

Three Year Discount Mortgage

  • Initial rate1.95% Variable
  • then changing to our SVR, currently5.39%
  • The overall cost for comparison is4.5% APRC
  • Product periodthree years
  • Deposit required40%
  • Arrangement feeNone
View this mortgage ViewRepresentative Example

A mortgage of £90,030 payable over 12 years, initially on a Discount rate for 3 Years at 1.95% and then on our current Standard Variable Rate Mortgage of 5.39% (variable) for the remaining 9 years, would require 36 monthly payments of £146.30 and 108 monthly payments of £404.38.

The total amount payable would be £139,523.82 made up of the loan amount plus interest (£49,523.82), an application fee of £135 and a redemption fee of £130.

The overall cost for comparison is 4.5% APRC representative.

Three Year Discount Mortgage

  • Initial rate2.29% Variable
  • then changing to our SVR, currently5.39%
  • The overall cost for comparison is4.6% APRC
  • Product periodthree years
  • Deposit required30%
  • Arrangement feeNone
View this mortgage ViewRepresentative Example

A mortgage of £90,030 payable over 12 years, initially on a Discount rate for 3 Years at 2.29% and then on our current Standard Variable Rate Mortgage of 5.39% (variable) for the remaining 9 years, would require 36 monthly payments of £171.81 and 108 monthly payments of £404.38.

The total amount payable would be £140,442.52 made up of the loan amount plus interest (£50,442.52), an application fee of £135 and a redemption fee of £130.

The overall cost for comparison is 4.6% APRC representative.

Three Year Discount Mortgage

  • Initial rate2.39% Variable
  • then changing to our SVR, currently5.39%
  • The overall cost for comparison is4.6% APRC
  • Product periodthree years
  • Deposit required20%
  • Arrangement feeNone
View this mortgage ViewRepresentative Example

A mortgage of £90,030 payable over 12 years, initially on a Discount rate for 3 Years at 2.39% and then on our current Standard Variable Rate Mortgage of 5.39% (variable) for the remaining 9 years, would require 36 monthly payments of £179.31 and 108 monthly payments of £404.38.

The total amount payable would be £140,712.62 made up of the loan amount plus interest (£50,712.62), an application fee of £135 and a redemption fee of £130.

The overall cost for comparison is 4.6% APRC representative.

Three Year Discount Mortgage

  • Initial rate3.29% Variable
  • then changing to our SVR, currently5.39%
  • The overall cost for comparison is4.9% APRC
  • Product periodthree years
  • Deposit required10%
  • Arrangement feeNone
View this mortgage ViewRepresentative Example

A mortgage of £90,030 payable over 12 years, initially on a Discount rate for 3 Years at 3.29% and then on our current Standard Variable Rate Mortgage of 5.39% (variable) for the remaining 9 years, would require 36 monthly payments of £246.83 and 108 monthly payments of £404.38.

The total amount payable would be £143,144.26 made up of the loan amount plus interest (£53,144.26), an application fee of £135 and a redemption fee of £130.

The overall cost for comparison is 4.9% APRC representative.

Next Step Variable Rate Mortgage

  • Initial rate4.39% Variable
  • then changing to our SVR, currently5.39%
  • The overall cost for comparison is5.2% APRC
  • Product periodfive years
  • Deposit required5%
  • Arrangement fee£995
View this mortgage ViewRepresentative Example

A mortgage of £271,025 payable over 35 years, initially on a Discount rate for 5 Years at 4.39% and then on our current Standard Variable Rate Mortgage of 5.39% (variable) for the remaining 30 years, would require 60 monthly payments of £1,264.24 and 360 monthly payments of £1,417.94.

The total amount payable would be £587,027.47 made up of the loan amount plus interest (£316,032.47), an application fee of £135 and a redemption fee of £130.

The overall cost for comparison is 5.2% APRC representative.

Next Step Variable Rate Mortgage

  • Initial rate5.39% Variable
  • then changing to our SVR, currently5.39%
  • The overall cost for comparison is5.6% APRC
  • Product periodLife of loan
  • Deposit required5%
  • Arrangement fee£495
View this mortgage ViewRepresentative Example

A mortgage of £270,525 payable over 35 years on our current Standard Variable Rate Mortgage of 5.39% (variable) would require 420 monthly payments of £1,433.32.

The total amount payable would be £602,738.79 made up of the loan amount plus interest (£332,243.79), an application fee of £135 and a redemption fee of £130.

The overall cost for comparison is 5.6% APRC representative.

Self Employed Mortgage

  • Initial rate2.79% Variable
  • then changing to our SVR, currently5.39%
  • The overall cost for comparison is4.5% APRC
  • Product periodfive years
  • Deposit required20%
  • Arrangement fee£625
View this mortgage ViewRepresentative Example

A mortgage of £958,655 payable over 30 years, initially on a Discount rate for 5 Years at 2.79% and then on our current Standard Variable Rate Mortgage of 5.39% (variable) for the remaining 25 years, would require 60 monthly payments of £3,933.97 and 300 monthly payments of £5,157.25.

The total amount payable would be £1,783,593.68 made up of the loan amount plus interest (£824,968.68), an application fee of £135 and a redemption fee of £130.

The overall cost for comparison is 4.5% APRC representative.

Self Employed Mortgage

  • Initial rate3.89% Variable
  • then changing to our SVR, currently5.39%
  • The overall cost for comparison is5.0% APRC
  • Product periodfive years
  • Deposit required15%
  • Arrangement fee£1,250
View this mortgage ViewRepresentative Example

A mortgage of £959,280 payable over 30 years, initially on a Discount rate for 5 Years at 3.89% and then on our current Standard Variable Rate Mortgage of 5.39% (variable) for the remaining 25 years, would require 60 monthly payments of £4,519.12 and 300 monthly payments of £5,262.34.

The total amount payable would be £1,850,240.93 made up of the loan amount plus interest (£890,990.93), an application fee of £135 and a redemption fee of £130.

The overall cost for comparison is 5.0% APRC representative.

Contractor 5 Year Discount Mortgage

  • Initial rate2.79% Variable
  • then changing to our SVR, currently5.39%
  • The overall cost for comparison is4.6% APRC
  • Product periodfive years
  • Deposit required20%
  • Arrangement fee£625
View this mortgage ViewRepresentative Example

A mortgage of £528,655 payable over 33 years, initially on a Discount rate for 5 Years at 2.79% and then on our current Standard Variable Rate Mortgage of 5.39% (variable) for the remaining 28 years, would require 60 monthly payments of £2,043.99 and 336 monthly payments of £2,748.52.

The total amount payable would be £1,046,483.29 made up of the loan amount plus interest (£517,858.29), an application fee of £135 and a redemption fee of £130.

The overall cost for comparison is 4.6% APRC representative.

Contractor 5 Year Discount Mortgage

  • Initial rate3.89% Variable
  • then changing to our SVR, currently5.39%
  • The overall cost for comparison is5.0% APRC
  • Product periodfive years
  • Deposit required15%
  • Arrangement fee£1,250
View this mortgage ViewRepresentative Example

A mortgage of £529,280 payable over 33 years, initially on a Discount rate for 5 Years at 3.89% and then on our current Standard Variable Rate Mortgage of 5.39% (variable) for the remaining 28 years, would require 60 monthly payments of £2,375.02 and 336 monthly payments of £2,803.71.

The total amount payable would be £1,084,812.76 made up of the loan amount plus interest (£555,562.76), an application fee of £135 and a redemption fee of £130.

The overall cost for comparison is 5.0% APRC representative.

Contractor 5 Year Discount Mortgage

  • Initial rate4.09% Variable
  • then changing to our SVR, currently5.39%
  • The overall cost for comparison is5.1% APRC
  • Product periodfive years
  • Deposit required10%
  • Arrangement fee£1,250
View this mortgage ViewRepresentative Example

A mortgage of £529,280 payable over 33 years, initially on a Discount rate for 5 Years at 4.09% and then on our current Standard Variable Rate Mortgage of 5.39% (variable) for the remaining 28 years, would require 60 monthly payments of £2,437.50 and 336 monthly payments of £2,812.32.

The total amount payable would be £1,091,454.52 made up of the loan amount plus interest (£562,204.52), an application fee of £135 and a redemption fee of £130.

The overall cost for comparison is 5.1% APRC representative.

Professional 5 Year Discount Mortgage

  • Initial rate3.19% Variable
  • then changing to our SVR minus 1.00%4.39%
  • The overall cost for comparison is4.1% APRC
  • Product periodfive years
  • Deposit required30%
  • Arrangement fee£1,550
View this mortgage ViewRepresentative Example

A mortgage of £791,580 payable over 34 years, initially on a Discount rate for 5 Years at 3.19% and then a 1.00% discount off of our current Standard Variable Rate Mortgage of 5.39% to give a current rate payable of 4.39% (variable) for the remaining 29 years, would require 60 monthly payments of £3,181.19 and 348 monthly payments of £3,669.49.

The total amount payable would be £1,468,187.91 made up of the loan amount plus interest (£676,637.91), an application fee of £135 and a redemption fee of £130.

The overall cost for comparison is 4.1% APRC representative.

Professional 5 Year Discount Mortgage

  • Initial rate3.69% Variable
  • then changing to our SVR minus 1.00%4.39%
  • The overall cost for comparison is4.3% APRC
  • Product periodfive years
  • Deposit required20%
  • Arrangement fee£1,550
View this mortgage ViewRepresentative Example

A mortgage of £791,580 payable over 34 years, initially on a Discount rate for 5 Years at 3.69% and then a 1.00% discount off of our current Standard Variable Rate Mortgage of 5.39% to give a current rate payable of 4.39% (variable) for the remaining 29 years, would require 60 monthly payments of £3,407.87 and 348 monthly payments of £3,699.45.

The total amount payable would be £1,492,225.61 made up of the loan amount plus interest (£700,675.61), an application fee of £135 and a redemption fee of £130.

The overall cost for comparison is 4.3% APRC representative.

Professional 5 Year Discount Mortgage

  • Initial rate3.79% Variable
  • then changing to our SVR minus 1.00%4.39%
  • The overall cost for comparison is4.3% APRC
  • Product periodfive years
  • Deposit required15%
  • Arrangement fee£1,550
View this mortgage ViewRepresentative Example

A mortgage of £791,580 payable over 34 years, initially on a Discount rate for 5 Years at 3.79% and then a 1.00% discount off of our current Standard Variable Rate Mortgage of 5.39% to give a current rate payable of 4.39% (variable) for the remaining 29 years, would require 60 monthly payments of £3,454.17 and 348 monthly payments of £3,705.21.

The total amount payable would be £1,497,010.25 made up of the loan amount plus interest (£705,460.25), an application fee of £135 and a redemption fee of £130.

The overall cost for comparison is 4.3% APRC representative.

Professional 5 Year Discount Mortgage

  • Initial rate3.99% Variable
  • then changing to our SVR minus 1.00%4.39%
  • The overall cost for comparison is4.4% APRC
  • Product periodfive years
  • Deposit required10%
  • Arrangement fee£1,550
View this mortgage ViewRepresentative Example

A mortgage of £791,580 payable over 34 years, initially on a Discount rate for 5 Years at 3.99% and then a 1.00% discount off of our current Standard Variable Rate Mortgage of 5.39% to give a current rate payable of 4.39% (variable) for the remaining 29 years, would require 60 monthly payments of £3,547.72 and 348 monthly payments of £3,716.51.

The total amount payable would be £1,506,559.98 made up of the loan amount plus interest (£715,009.98), an application fee of £135 and a redemption fee of £130.

The overall cost for comparison is 4.4% APRC representative.

Self Build Mortgage - Bespoke [Repayment]

  • Initial rate6.39% Variable
  • then changing to our SVR, currently5.39%
  • The overall cost for comparison is6.0% APRC
  • Product period18 months
  • Max Gross Development Value75%
  • Arrangement fee2.00% of the loan
View this mortgage ViewRepresentative Example

A mortgage of £204,030 payable over 20 years, initially on a Variable rate 1.00% above our Standard Variable Rate for 18 months to give a current rate payable of 6.39% and then on our current Standard Variable Rate Mortgage of 5.39% (variable) for the remaining 18 years 6 months, would require 18 monthly payments of £1,508.01 and 222 monthly payments of £1,393.08.

The total amount payable would be £336,018.48 made up of the loan amount plus interest (£132,018.48), an application fee of £135 and a redemption fee of £130.

The overall cost for comparison is 6.0% APRC representative.

Self Build Mortgage - Bespoke [Interest Only]

  • Initial rate6.39% Variable
  • then changing to our SVR, currently5.39%
  • The overall cost for comparison is8.1% APRC
  • Product period18 months
  • Max Gross Development Value75%
  • Arrangement fee2.00% of the loan
View this mortgage ViewRepresentative Example

A mortgage of £461,338 payable over 1 years 6 months 1.00% above our current Standard Variable Rate Mortgage of 5.39% to give a current rate payable of 6.39% (variable) would require 18 monthly payments of £2,456.63.

The total amount payable would be £507,922.51 made up of the loan amount plus interest (£46,614.25), an application fee of £135 and a redemption fee of £130.

The overall cost for comparison is 8.1% APRC representative.

Self Build Mortgage - Stages [Repayment]

  • Initial rate5.59% Variable
  • then changing to our SVR, currently5.39%
  • The overall cost for comparison is5.8% APRC
  • Product period24 months
  • Max Gross Development Value75%
  • Arrangement fee2.00% of the loan
View this mortgage ViewRepresentative Example

A mortgage of £204,030 payable over 20 years, initially on a Variable rate 0.20% above our Standard Variable Rate for 24 months to give a current rate payable of 5.59% and then on our current Standard Variable Rate Mortgage of 5.39% (variable) for the remaining 18 years, would require 24 monthly payments of £1,413.89 and 216 monthly payments of £1,392.61.

The total amount payable would be £335,796.56 made up of the loan amount plus interest (£131,796.56), an application fee of £135 and a redemption fee of £130.

The overall cost for comparison is 5.8% APRC representative.

Self Build Mortgage - Stages [Interest Only]

  • Initial rate5.59% Variable
  • then changing to our SVR, currently5.39%
  • The overall cost for comparison is6.9% APRC
  • Product period24 months
  • Max Gross Development Value75%
  • Arrangement fee2.00% of the loan
View this mortgage ViewRepresentative Example

A mortgage of £461,338 payable over 2 years 0.20% above our current Standard Variable Rate Mortgage of 5.39% to give a current rate payable of 5.59% (variable) would require 24 monthly payments of £2,149.07.

The total amount payable would be £515,017.95 made up of the loan amount plus interest (£53,709.69), an application fee of £135 and a redemption fee of £130.

The overall cost for comparison is 6.9% APRC representative.

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