HOW MUCH CAN YOU BORROW?

  • Up to 80% of the value of the property or purchase price (subject to criteria)
  • Minimum loan £20,000

WHAT'S GREAT ABOUT THIS MORTGAGE?

  • No product fee
  • Option to overpay or underpay (subject to terms and conditions)
  • Make capital repayments up to 10% of the loan or £10,000 a year (whichever is the lower) without charge
  • Interest rate changes applied annually

SOME THINGS YOU NEED TO KNOW

  • Standard variable rate for whole of the term
  • Early Repayment Charge if you repay in full within the first two years, or if you repay over 10% of the loan (or £10,000) per annum in each year
  • No self-builds or conversions allowed

COULD BE IDEAL IF YOU…

  • Are happy that your repayments could go up or down
Current Rates
Type Initial Rate The overall cost for comparison is Product fee
Standard Variable Rate 5.35% 5.5% APR No fee

HOW MUCH CAN YOU BORROW?

  • Up to 80% of our mortgage valuation of the property or the purchase price, whichever is lower

YOUR STANDARD VARIABLE MORTGAGE CAN MOVE WITH YOU

  • If you move home, your Standard Variable Rate Mortgage can go with you - assuming you meet our criteria at that time

PAYMENT HOLIDAYS

  • You may need to skip a few payments. This is fine by us as long as you contact us on 0845 300 0522 to confirm you've already overpaid enough to cover the missing amounts. We'll ask you to fill in a form to set out exactly what you want to do and for how long

MINIMUM ADVANCE

  • The standard minimum advance is £20,000

OUR CHARGES

  • If you arrange your buildings insurance with someone else, we charge a fee of £25 when your mortgage completes and each time you change insurer. If you arrange cover through the N&P group and later cancel, the £25 fee will also apply

EARLY REPAYMENT

  • You can pay off your mortgage early whenever you want, but you'll have to pay an early repayment charge if you repay all of your mortgage within the first two years, or more than 10% of the loan or £10,000 (whichever is the lower figure) in each year

You can download our Guide to mortgage fees and charges.

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