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Mortgage rates and types

Compare the different types of mortgages available

Which mortgage type is best for me?

We offer a range of mortgages so it's important to understand the options that are available to you.

With our mortgage calculator, you can compare our mortgage products and get an idea of what your monthly payments could be.

For properties in the Channel Islands, Isle of Man or Gibraltar.

If you are a UK expatriate or foreign national looking to purchase property in the United Kingdom, please visit our UK mortgage site.

Fixed rate

Pay the same amount for a set period
A fixed rate mortgage offers certainty as the interest rate you signed up to doesn't change over the agreed period, usually 2 or 5 years.
  • You’ll know exactly how much your mortgage will cost each month
  • Your payments won’t increase even when your lender’s Standard Variable Rate (SVR) goes up
  • It’s easier to budget each month when you know what you’re paying

Please be aware that if your lender's mortgage rates fall, you'll still be tied into your fixed rate mortgage until the introductory rate ends.

Tracker rate

A variable rate for a set period

For a set period, often 2 or 5 years, your interest rate will rise and fall in line with another interest rate, typically the Bank’s base rate.

  • If the Bank's base rate go down you pay less interest on your mortgage
  • If the Bank's base rate increases, this will also be passed on and can increase your monthly payments
  • Only changes to the what the lender uses as its base rate will affect your rate

Bear in mind that, if the rate goes up, so will your mortgage payments as you're not protected by a fixed rate.

Early Repayment Charge

Buy to let mortgages

If you’re looking into becoming a landlord and would like to buy a property to rent out then you’ll need to buy the property outright or more commonly, get a buy to let mortgage.

Other mortgage options

Interest only mortgage

Alternative repayment plan?

With this mortgage option you only pay the interest on your mortgage. This means that at the end of your mortgage term you'll still owe the full amount of capital borrowed.

This plan is specific to those who have an alternative repayment plan in place, which is why we don’t offer this type of mortgage to all of our customers and why we require specific terms and conditions to be met.

Standard variable rate (SVR)

Expired rate term? You might be on a SVR.

A Standard Variable Rate (SVR) is the default rate your mortgage moves onto when your mortgage deal ends. This will cause your monthly mortgage payments to change.

If you want to avoid being defaulted onto the SVR then it’s recommended to look for a new mortgage deal before the end of your rate term.

Mortgage help and support

Take advantage of our mortgage resources which are here to help you better understand the process, the terms, and our available products.