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Standard Residential mortgages

Buying your own home is one of the biggest financial decisions you’ll ever make. We understand no two borrowers are the same which is why we offer a flexible approach to mortgage criteria with manual underwriting. We also offer a Joint Borrower Sole Proprietor option, which may be useful if affordability is tight, as we take into account parent’s income when assessing the mortgage application, without them becoming a legal owner of the property. Give our mortgage team a call to chat about your individual situation.

Affordability calculator

Find out how much your client can borrow with our affordability calculators.


Variable mortgages

The mortgages listed below move on to our Standard Variable Rate, 5.60% (variable), after the initial rate period.  Our SVR is increasing to 5.75% (variable) from 1st July 2022.

There may be a limit on how low your interest rate can fall. This is called an ‘interest rate floor’. The interest rate floor applicable to your loan will be specified in your loan documentation.

Product
name
Initial
rate i
Discount
from SVR i
Overall cost for
comparison i
Max %
LTV i
Product
fee i
Mortgage
repayment
Residential variable for 2 years See example2.69%2.91%5.2% APRC80%£999
£XXX.xx per month
See details

Representative example: A mortgage of £210,000.00 taken out for a period of 18 years on a repayment basis.
Monthly instalments: £1,232.03 per month for 23 months, followed by £1,520.32 per month for 192 months.
Total amount payable: £321,677.13.
Total amount of credit: £210,000.00.
The total amount payable includes valuation fee £340, product fee £999 and closing fee £100.
The overall cost for comparison is 5.2% representative APRC.
This example is based on our Residential variable for two years product.  It is based on our current Standard Variable Rate of 5.60%, with no fees added to the mortgage.

Please ask for a personalised illustration for your own particular requirements.

95% Residential variable for 2 years See example3.69%1.91%5.5% APRC95%£999
£XXX.xx per month
See details

Representative example: A mortgage of £200,000.00 taken out for a period of 30 years on a repayment basis.
Monthly instalments: £920.84 per month for 23 months, followed by £1,141.09 per month for 336 months.
Total amount payable: £405,969.56.
Total amount of credit: £200,000.00.
The total amount payable includes valuation fee £285, product fee £999 and closing fee £100.
The overall cost for comparison is 5.5% representative APRC.
This example is based on our 95% Residential variable for 2 years product. It is based on our current Standard Variable Rate of 5.60%, with fees not added to the mortgage.

Please ask for a personalised illustration for your own particular requirements.

This section is for use by professional Intermediaries only. If you are a customer please visit our Mortgage section.