Coming to the end of your deal?

You may be eligible to switch your mortgage deal to a new fixed rate.

Is your current mortgage deal with us coming to an end? If so you’re eligible to switch your mortgage deal to a new fixed rate. If your mortgage deal ends and you don’t switch, your current mortgage will move on to our standard variable rate (SVR) which could be higher than your current rate.

If you aren’t coming to the end of your deal yet, you may be able to switch early, but you may have to pay an Early Repayment Charge to exit your current deal.

An SVR mortgage means your payments can go up or down according to changes in interest rates which is determined by the Hodge. You won’t have any early repayment charges and you can overpay or redeem without penalty.

The current SVR is 4.60%

There aren’t any legal or valuation fees and we don’t need to complete any credit or affordability checks. However, you will need to pay any product fee associated with the new deal and, once in place, new Early Repayment Charges may apply.

You need to choose a mortgage deal from the same product family. This means if you have a 50+ Residential Interest Only mortgage with us you  need to choose another 50+ Residential Interest Only mortgage.


We’ll write to you 90 days before your current mortgage deal comes to an end.

This will include an application form that you will need to sign and return. We will then issue a mortgage offer confirming details of your new mortgage deal and mortgage payments.

You will need to return the signed mortgage offer for the new mortgage deal to take effect

If you know what mortgage deal you want and are comfortable that you don’t need financial advice, you can complete and return the form yourself.

If you do proceed this way, please be sure that you understand the details of your new mortgage deal. If you’re not sure please speak to an mortgage adviser.

If you choose not to use a mortgage adviser you will not get the same Financial Conduct Authority (FCA) protection that you would get with an advised service.

if you aren’t sure what mortgage deal would be suitable for you,  you can return to your original independent financial adviser or visit to find a new mortgage adviser.

A mortgage adviser will look in detail at your current needs and circumstances to make sure this is the most suitable option for you.

By choosing to use a mortgage adviser you will be protected by the Financial Conduct Authority (FCA)

Your new mortgage deal will take effect as soon as the existing rate ends. If you are currently on SVR then we will switch the deal as soon as we receive the signed mortgage offer. For more information please call 0800 138 9109



For more information please email us at or call us on 0800 028 3746.