Representative example – for illustrative purposes only.
This representative example is for illustration purposes only and doesn’t reflect the exact terms available to you.
An interest‑only mortgage of £162,897.07 payable over 25 years, with a fixed interest rate of 6.67% for the first 2 years, followed by our Standard Variable Rate (SVR) of 7.35% for the remaining term, would require 24 monthly payments of £905.44, followed by 276 monthly payments of £997.74.
The total amount of credit is £162,897.07
The total amount payable would be £460,053.87, made up of the loan amount plus interest, with a £0 product fee and a £50 final repayment charge.
The overall cost for comparison is 7.5% APRC.
This representative example assumes the SVR remains unchanged for the remainder of the mortgage term.
This is an interest‑only mortgage. Your monthly payments cover the interest only and don’t reduce the amount borrowed. You will still owe the full loan amount at the end of the mortgage term, and will need a suitable repayment vehicle in place to repay the loan in full.
Please note the rates shown are subject to change at any time
This mortgage is secured against your property. Your home may be repossessed if you do not keep up repayments on your mortgage.
| Product code | Product | Max LTV | Product Fee | Rate | APR/C | ERC | Repayment basis | |
|---|---|---|---|---|---|---|---|---|
| Resi Retire (50+) Mortgage | ||||||||
| 53056 | Resi Retire (50+) 2 year fixed | 60% | £995 | 6.47% | 7.50% | Years 1-2 = 3% | Interest only and repayment | |
| 53057 | Resi Retire (50+) 2 year fixed (fee free) | 60% | £0 | 6.67% | 7.50% | Years 1-2 = 3% | Interest only and repayment | |
| 53062 | Resi Retire (50+) 5 year fixed | 60% | £995 | 6.12% | 7.10% | Year 1 = 5%, Year 2 = 4%, Year 3 = 3%, Year 4 = 2%, Year 5 = 1% | Interest only and repayment | |
| 53063 | Resi Retire (50+) 5 year fixed (fee free) | 60% | £0 | 6.22% | 7.20% | Year 1 = 5%, Year 2 = 4%, Year 3 = 3%, Year 4 = 2%, Year 5 = 1% | Interest only and repayment | |
| 53058 | Resi Retire (50+) 2 year fixed | 75% | £995 | 6.57% | 7.50% | Years 1-2 = 3% | Interest only and repayment | |
| 53059 | Resi Retire (50+) 2 year fixed (fee free) | 75% | £0 | 6.77% | 7.50% | Years 1-2 = 3% | Interest only and repayment | |
| 53064 | Resi Retire (50+) 5 year fixed | 75% | £995 | 6.22% | 7.20% | Year 1 = 5%, Year 2 = 4%, Year 3 = 3%, Year 4 = 2%, Year 5 = 1% | Interest only and repayment | |
| 53065 | Resi Retire (50+) 5 year fixed (fee free) | 75% | £0 | 6.32% | 7.20% | Year 1 = 5%, Year 2 = 4%, Year 3 = 3%, Year 4 = 2%, Year 5 = 1% | Interest only and repayment | |
| 53060 | Resi Retire (50+) 2 year fixed | 85% | £995 | 7.07% | 7.50% | Years 1-2 = 3% | Repayment | |
| 53061 | Resi Retire (50+) 2 year fixed (fee free) | 85% | £0 | 7.27% | 7.60% | Years 1-2 = 3% | Repayment | |
| 53066 | Resi Retire (50+) 5 year fixed | 85% | £995 | 6.72% | 7.30% | Year 1 = 5%, Year 2 = 4%, Year 3 = 3%, Year 4 = 2%, Year 5 = 1% | Repayment | |
| 53067 | Resi Retire (50+) 5 year fixed (fee free) | 85% | £0 | 6.82% | 7.40% | Year 1 = 5%, Year 2 = 4%, Year 3 = 3%, Year 4 = 2%, Year 5 = 1% | Repayment | |
| RIO Mortgage | ||||||||
| 53068 | RIO Mortgage 2 year fixed | 60% | £995 | 6.58% | 7.50% | Years 1-2 = 3% | Interest only | |
| 53069 | RIO Mortgage 2 year fixed (fee free) | 60% | £0 | 6.78% | 7.50% | Years 1-2 = 3% | Interest only | |
| 53072 | RIO Mortgage 5 year fixed | 60% | £995 | 6.27% | 7.20% | Year 1 = 5%, Year 2 = 4%, Year 3 = 3%, Year 4 = 2%, Year 5 = 1% | Interest only | |
| 53073 | RIO Mortgage 5 year fixed (fee free) | 60% | £0 | 6.41% | 7.20% | Year 1 = 5%, Year 2 = 4%, Year 3 = 3%, Year 4 = 2%, Year 5 = 1% | Interest only | |
| 53070 | RIO Mortgage 2 year fixed | 75% | £995 | 6.78% | 7.50% | Years 1-2 = 3% | Interest only | |
| 53071 | RIO Mortgage 2 year fixed (fee free) | 75% | £0 | 6.98% | 7.50% | Years 1-2 = 3% | Interest only | |
| 53074 | RIO Mortgage 5 year fixed | 75% | £995 | 6.47% | 7.30% | Year 1 = 5%, Year 2 = 4%, Year 3 = 3%, Year 4 = 2%, Year 5 = 1% | Interest only | |
| 53075 | RIO Mortgage 5 year fixed (fee free) | 75% | £0 | 6.61% | 7.30% | Year 1 = 5%, Year 2 = 4%, Year 3 = 3%, Year 4 = 2%, Year 5 = 1% | Interest only | |
| Holiday Let Mortgage | ||||||||
| 53032 | HBTL Mortgage 2 year fixed | 75% | £995 | 6.35% | 7.40% | Years 1-2 = 3% | Interest only and repayment | |
| 53033 | HBTL Mortgage 2 year fixed (fee free) | 75% | £0 | 6.55% | 7.50% | Years 1-2 = 3% | Interest only and repayment | |
| 53034 | HBTL Mortgage 5 year fixed | 75% | £995 | 6.35% | 7.20% | Year 1 = 5%, Year 2 = 4%, Year 3 = 3%, Year 4 = 2%, Year 5 = 1% | Interest only and repayment | |
| 53035 | HBTL Mortgage 5 year fixed (fee free) | 75% | £0 | 6.45% | 7.30% | Year 1 = 5%, Year 2 = 4%, Year 3 = 3%, Year 4 = 2%, Year 5 = 1% | Interest only and repayment | |
| Retirement Mortgage | ||||||||
| 52916 | Retirement Mortgage 2 year fixed | Based on age | £0 | 6.08% | 7.40% | Years 1-2 = 3% | Interest only | |
| 52917 | Retirement Mortgage 5 year fixed | Based on age | £0 | 6.05% | 7.10% | Year 1 = 5%, Year 2 = 4%, Year 3 = 3%, Year 4 = 2%, Year 5 = 1% | Interest only | |
| Resi | ||||||||
| 53010 | Resi 2 year fixed | 60% | £995 | 6.19% | 7.40% | Years 1-2 = 3% | Interest only and repayment | |
| 53011 | Resi 2 year fixed | 80% | £995 | 6.55% | 7.50% | Years 1-2 = 3% | Interest only and repayment | |
| 53012 | Resi 2 year fixed (fee free) | 80% | £0 | 6.79% | 7.50% | Years 1-2 = 3% | Interest only and repayment | |
| 53013 | Resi 2 year fixed | 90% | £995 | 6.69% | 7.50% | Years 1-2 = 3% | Interest only and repayment | |
| 53014 | Resi 2 year fixed (fee free) | 90% | £0 | 6.89% | 7.50% | Years 1-2 = 3% | Interest only and repayment | |
| 53015 | Resi 5 year fixed | 60% | £995 | 6.25% | 7.20% | Year 1 = 5%, Year 2 = 4%, Year 3 = 3%, Year 4 = 2%, Year 5 = 1% | Interest only and repayment | |
| 53016 | Resi 5 year fixed | 80% | £995 | 6.55% | 7.30% | Year 1 = 5%, Year 2 = 4%, Year 3 = 3%, Year 4 = 2%, Year 5 = 1% | Interest only and repayment | |
| 53017 | Resi 5 year fixed (fee free) | 80% | £0 | 6.65% | 7.30% | Year 1 = 5%, Year 2 = 4%, Year 3 = 3%, Year 4 = 2%, Year 5 = 1% | Interest only and repayment | |
| 53018 | Resi 5 year fixed | 90% | £995 | 6.69% | 7.30% | Year 1 = 5%, Year 2 = 4%, Year 3 = 3%, Year 4 = 2%, Year 5 = 1% | Interest only and repayment | |
| 53019 | Resi 5 year fixed (fee free) | 90% | £0 | 6.79% | 7.40% | Year 1 = 5%, Year 2 = 4%, Year 3 = 3%, Year 4 = 2%, Year 5 = 1% | Interest only and repayment |