Notices

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Mortgage payment difficulties? We may be able to help. Find out more

We're here to help if you're experiencing or expect to experience difficulties in paying your mortgage. Find out more.

6.49% 5 Year Fixed Rate to 31/01/2029 (XF0688)

The mortgage will be secured on your home. Your home may be repossessed if you do not keep up repayments on your mortgage.

Initial interest rate	Current follow on rate	Overall cost for comparison	Repayment or Interest-Only?	Max % Loan to Value (LTV)	Product fees	Additional benefits
6.49% 5 Year Fixed Rate to 31/01/2029 (XF0688)
6.49%	8.44%	7.7%APRC	Interest-Only	80%	£999~	£500 cashback for remortgages^

Key things to bear in mind

Purpose - Purchase, remortgage, product switch and further advance
Please note that this product is exclusively available for purchase and remortgage purposes for direct customer applications, dealt with via our Mortgage Advisor Team. This product is not available for purchase / remortgage applications submitted from directly authorised brokers
LTV - Maximum 80%
Fixed Rate end date - 31/01/2029
Application Fee - £175 + Valuation Fee. (£125 for further advances. £0 for product switch)
Valuation Fees - Free for properties up to £500,000. For properties above £500,000 the standard valuation fee scale applies, less £330 discount. (£0 for further advances. £0 for product switch)
^~Product Fee - £999 for loans up to £500,000. For loans above £500,000, 0.3% of the loan amount. (£0 for further advances. £0 for product switch)
^Cashback - £500 for remortgage applications
Early Repayment Charges - 5% until 31/01/2025, 4% until 31/01/2026, 3% until 31/01/2027, 2% until 31/01/2028, 1% until 31/01/2029
Maximum loan - No maximum. Loans above £500,000 should be referred to us for specific agreement before submission of an application
Minimum loan - £45,000 for purchase and remortgage. £2,000 for further advance. No minimum for product switches
Cost for comparison - 7.7% APRC

Affordability calculator Email us Ask us to call back Summary & fees

Representative example

A mortgage of £198,426.00 payable over 10 years initially on a fixed rate for 5 years at 6.49% and then on our variable Managed Mortgage Rate, currently 8.44% would require 62 monthly payments of £1,073.15 and 58 monthly payments of £1,392.82 plus one initial interest payment of £1,064.28.

The total amount payable would be £348,083.14 made up of the loan amount plus interest of £148,383.14, an Application Fee of £175, a Product Fee of £999 and a Mortgage Exit Fee of £100.

The overall cost for comparison is 7.7% APRC representative.

More downloads & what you'll need to apply

Identification

We carry out an electronic ID check on all applicants. If this fails you will need to provide us with ID documents.

Bank statements

• Three full months most recent consecutive bank statements for all current accounts, to evidence all income and outgoings. Bank statements must show the applicants name, account number, sort code and bank logo.

If you're renting your current home you'll need:

• 12 months statements showing rent payments.

If you already have a mortgage you'll need:

• Proof of mortgage payments - we carry out an electronic credit check on all applicants which usually confirms this. However if this fails, we will need proof. This can be provided from 12 months bank statements, the latest mortgage statements, or a combination. To speed up our underwriting, you can provide these on submission.

Proof of income

If you're employed in a company you'll need:

• Three months most recent payslips
• Most recent P60.

If you have property or investment income you'll need:

• Two years most recent SA302s.

If you're self employed you'll need:

• Two years most recent accounts or two years most recent SA302s / Tax Calculations (100% Completed) or Family Building Society Accountant’s Certificate
• Accountant’s details on the application form.

If you are already retired or if the term of your mortgage term goes beyond retirement or age 70 you'll need:

• Most recent Pension Statement or letter from Department for Work and Pensions
• Most recent annual Pension Statement
• Most recent P60.

Other items

Evidence of deposit for purchases:

• Evidence of deposit in an account held by the applicant(s)

• For gifted deposits, we require evidence of the funds in a UK account and the giftors details (name, date of birth, relationship to applicants).

If you already let a property you'll need:

• Evidence of rent being paid in and mortgage being paid out (bank statements requested above may already cover this).