Key mortgage rates
Standard Discount mortgage rates
Discount rate mortgages are linked to our Standard Variable Rate (SVR) for a set period of time. These rates are, by their nature, variable and therefore do not allow you to set a fixed repayment. They will move - either up or down - in accordance with our SVR, so you need to ensure you can afford a higher payment if the rate increases.
Standard Discount mortgage rates
These products are currently not available.
What you need to know up front with a Standard Discount Mortgage
- You must be 18 years old to take out a Standard mortgage.
- Available to first time buyers.
- You can borrow up to 95% of the property's value with our standard mortgages, meaning you'll need a minimum of 5% deposit.
- You can add your fees to the mortgage, but don't forget we'll add it to the total mortgage and interest will be charged on it.
- You can overpay up to 10% of the mortgage balance each year without paying any early repayment or administration charges. (subject to minimum payments)
- We lend in England, Scotland & Wales. Sorry, but we don't lend in Northern Ireland.
We offer a range of promotional periods to suit people's circumstances, for example 3 or 5 years. You should consider the length of time you're prepared to commit to the mortgage up front as you will have to pay a charge if you repay your mortgage before the end of your promotional period.
Don't forget that all of our mortgages are portable. This means that the rate, terms and conditions of your original mortgage can be transferred to a new property if you move house.