Notices

Savings customers - interest rates on many of our variable rate savings products will be decreasing from 29 January. We have emailed or written to you to let you know of how these interest rate decreases affect you. See our variable savings rate changes
UK Landlords - The Renters’ Rights Bill, introduced in September 2024, received Royal Assent on 27 October 2025 and is now law as the Renters’ Rights Act. Read more about what to expect.
The Bank of England Base Rate decreased by 0.25% to 3.75% on 18 December 2025. Read more about our rate changes

Savings: Interest rates for Windfall Bond will decrease by 0.25% from 1 January 2026. We will write to all customers individually to confirm the new rates.
Mortgages: Tracker mortgages will change on 25 January 2026 and we will write to customers individually with revised payment details where the new rate exceeds the minimum rate (or ‘floor’) already applying to their mortgage.
Our Market Tracker Cash ISA (2) paying 4.03% AER is now back on sale. Find out more

5.94% Expat (1.75% discounted rate from follow on rate) for 2 years (XD0217)

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
5.94% Expat (1.75% discounted rate from follow on rate) for 2 years (XD0217)
5.94%	7.69%	7.5%APRC	Interest-Only	60%	£0~

Key things to bear in mind

Purpose - Expat applications for Product Switch
Discount - 1.75% applied to our Managed Mortgage Rate for 2 years
Minimum Rate - 4.19%
Loan to Value - 60%
Application fee - £0 for Product Switches
Legal fees - No legal fees for Product Switches
Valuation Fees - £0
^~Product Fee - £0 for Product Switches
Early Repayment Charges - 2% in the first year, 1% in the second year
Maximum loan - No maximum for product switches
Minimum Loan - No minimum for product switches.
Cost for comparison - 7.5% APRC.

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

Representative example

A mortgage of £165,075.00 payable over 8 years initially on a discounted variable rate for 2 years at 1.75% below our variable Managed Mortgage Rate and then on our variable Managed Mortgage Rate, currently 7.69% would require 23 monthly payments of £817.12 and 73 monthly payments of £1,057.26 plus one initial interest payment of £810.00.

The total amount payable would be £261,958.74 made up of the loan amount plus interest of £96,783.74 and a Mortgage Exit Fee of £100.

The overall cost for comparison is 7.5% APRC representative.