House Purchase rates
Below you can see our current house purchase interest rates: we've made it simple to see the length of the fixed-rate period and different rates based on the loan-to-value (LTV) ratio, which compares your client’s mortgage amount to their property's value.
| 60% LTV | 75% LTV | 80% LTV | 85% LTV | 90% LTV | 95% LTV | 100% LTV | |
|---|---|---|---|---|---|---|---|
| 5 years | 5.55% | 5.60% | 5.65% | 5.70% | 5.85% | 6.05% | -- |
| 10 years | 5.80% | 5.85% | 5.90% | 5.95% | 6.10% | 6.30% | 6.70% |
| 15 years | 5.95% | 6.00% | 6.05% | 6.10% | 6.25% | 6.45% | 6.85% |
APRC Rates table:
| 60% LTV | 75% LTV | 80% LTV | 85% LTV | 90% LTV | 95% LTV | 100% LTV | |
|---|---|---|---|---|---|---|---|
| 5 years | 6.19% | 6.24% | 6.31% | 6.38% | 6.54% | 6.79% | -- |
| 10 years | 6.12% | 6.17% | 6.23% | 6.28% | 6.44% | 6.66% | 7.08% |
| 15 years | 6.21% | 6.26% | 6.31% | 6.37% | 6.53% | 6.74% | 7.16% |
In addition to the interest rates, there are also fees to consider when your client takes out a house purchase mortgage. We want to make mortgages more simple so we've kept our fees to a minimum so your client knows exactly how much they'll have to pay:
- Application Fee: £195 (non-refundable)
- Valuation Fee: £0 (for properties up to £1m); please see our Tariff of fees and charges for more information
- Completion Fee: £995 (this can be paid up-front or added to the total mortgage amount; if this is added to your client’s mortgage, they'll pay interest on it at the same rate as the rest of their borrowing)
| 60% LTV | 75% LTV | 80% LTV | 85% LTV | 90% LTV | 95% LTV | 100% LTV | |
|---|---|---|---|---|---|---|---|
| Standard Variable Rate | 6.50% | 6.55% | 6.65% | 6.75% | 6.90% | 7.20% | 7.50% |
Early Repayment Charges (ERCs):
There are no ERCs when moving house, regular overpayments, lump sums or redeeming in full when your client uses their own funds. If your client is refinancing / remortgaging then these charges will apply:
| Product | ERCs |
|---|---|
|
5 years
|
5%
4%
3%
2%
1%
|
|
10 years
|
9%
9%
8%
7%
6%
5%
4%
3%
2%
1%
|
|
15 years
|
9%
9%
9%
9%
9%
9%
9%
8%
7%
6%
5%
4%
3%
2%
1%
|
|
Years
|
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
|