Remortgage rates
Below you can see our current remortgage 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 | |
|---|---|---|---|---|
| 5 years | 5.15% | 5.20% | 5.25% | 5.35% |
| 10 years | 5.45% | 5.50% | 5.55% | 5.65% |
| 15 years | 5.60% | 5.65% | 5.70% | 5.80% |
APRC Rates table:
| 60% LTV | 75% LTV | 80% LTV | 85% LTV | |
|---|---|---|---|---|
| 5 years | 6.21% | 6.25% | 6.33% | 6.43% |
| 10 years | 6.04% | 6.08% | 6.15% | 6.25% |
| 15 years | 5.98% | 6.02% | 6.08% | 6.18% |
In addition to the interest rates, there are also fees to consider when your client takes out a 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: Free (for properties up to £1m) with fees-assisted conveyancing; 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 | |
|---|---|---|---|---|
| Standard Variable Rate | 6.50% | 6.55% | 6.65% | 6.75% |
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
|