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Residential fixed rate - 5 years Interest Only

For loans up to 75% of property value

Product nameResidential fixed rate - 5 years Interest Only
Initial rate2.24%
Initial rate expires on
31st January 2026
Rate thereafterStandard Variable Rate, currently
4.55%
Overall cost for comparison3.9% APRC
Product fee£1,499
Option to add product fees to mortgageYes the product fee can be added to the loan, provided the total borrowing does not exceed the maximum LTV for the product type
Legal and Valuation Fees

Re-mortgages: Free valuation and free legal fees (if using bank's own solicitors

Eligibility

Applicants must be aged 18 or over. All loans are subject to status. Security will be required

Maximum loan amount£1,000,000
Maximum loan to value75%
Minimum loan amount£500,000
Early repayment charge5% in years one and two
4% in year three
3% in year four
2% in year five
Special offers

Remortgage: One free valuation for properties up to £3m. Free standard legals (excluding any fee charged by our preferred legal provider for transferring funds to the previous lender) for properties up to £2m

Overpayment permittedYes, up to 10% of outstanding loan each year without penalty. After the fixed period you can make over payments without any restrictions.
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# New customers: Free standard legals (excluding any fee charged by our preferred legal provider for transferring funds to the previous lender) and one free valuation on properties worth £3m, or less. If the property to be mortgaged is currently unencumbered then a free valuation is available.

Quick links

Our online application makes it quick and easy to apply for your customer

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