Mortgage rates and types

Compare the different types of mortgages

Which mortgage is best for me?

When you're looking for a home, not just any house will do. It's the same with mortgages... Beyond just interest rates and terms, it's important to think of your own personal situation.

We offer a range of mortgages you can compare, to help find what’s right for you.

Fixed rate

Pay the same amount for a set period
  • The interest rate is fixed, so you pay the same amount for a set period – e.g. two or five years.
  • This means you'll know exactly how much your payments will be, helping you plan a monthly budget.

Tracker rate

A variable rate for a set period
  • For a set period, often two, three or five years, your interest rate will rise and fall in line with another interest rate, typically the Bank of England base rate.
  • If the rate drops, your monthly payments reduce, but, if the rate goes up, your mortgage payment does too.

More on mortgage interest rates

Learn more about mortgage interest rates, what interest rates are and how they work.

You could buy your new home with just a 5% deposit

Comparison of mortgage types, offers and schemes

Beyond fixed and tracker, there are other types of mortgages that we may be able to offer, depending on your circumstances.

Interest only mortgage

When you have another repayment plan

With an interest-only mortgage your repayments only cover the interest on the amount you borrowed. This means you pay the full amount back at the end of the mortgage term in one lump sum.

Eligibility criteria and specific terms and conditions will apply for interest only mortgages.

Green mortgages

A better deal for a greener property.

If you're purchasing a property with an Energy Performance Certificate (EPC) rating of A or B, you may be able to benefit from a green mortgage.

Eligibility criteria apply.

Standard variable rate

Is your initial rate term over or about to expire?

When your initial mortgage deal is over, the standard variable rate (SVR) is the rate you'll move to, changing your mortgage payments. If you don't want to go onto the SVR, you can shop around towards the end of your current deal, for another mortgage.

95% mortgages

A mortgage with as little as a 5% deposit.

Saving money for a deposit can be difficult. Therefore, purchasing a property with a 95% mortgage, with a deposit as low as 5%, could be a good option.

You could also consider a 90% mortgage, with a 10% deposit.

Cashback mortgages

A little something back when you take out a mortgage.

With a cashback mortgage, you'll receive a little money back once you've taken out your mortgage.

Eligibility criteria apply.

Free valuations

Avoid one of the expenses of buying a home

We may be able to offer you a free standard mortgage valuation when you move home and take a mortgage with us. The offer is only available on selected mortgages marked with 'Free standard valuation'. Exclusions apply.

Buying a property to rent out?

Buy to Let mortgages are similar to standard mortgages, but the interest rates tend to be higher and you may have to put down a bigger deposit.

Buying a property with someone else?

A joint mortgage means you can have a shared mortgage with one other person.

Considering a second home?

If you’re thinking of buying another residential property, like a holiday home, there are additional factors to consider.

Finished comparing mortgages? Now start planning...

Mortgage calculators

Our mortgage calculators give you an indication of the type of mortgage you could get, based on your personal details and current circumstances.

Agreement in Principle

If you've found the property for you, the next step is to get an AIP (sometimes called a Mortgage in Principle). It will show you if we may be able to lend you the amount you need.

First time buyer guide

We are here to help you on the journey to buying your first home. Our guide tells you everything you need to know to get on the property ladder.

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