Which mortgage is right for you?

Fixed rate mortgages
These mortgages give you the comfort of knowing how much you have to pay each month for a set period of time. Your monthly repayments are unaffected if interest rates rise or fail during this period so it's easier for you to budget.
Normally, you can choose to fix your rates for two, three, five or lO-year periods, after which your mortgage will switch to a rate linked to the Barclays Bank Base Rate, During the fixed rate period, you can overpay up to 10% per year without incurring an early repayment charge.

Tracker mortgages
With these mortgages, the mortgage rate tracks the Barclays Bank Base Rate for the entire term of the loan. So, if the Barclays Bank Base Rate falls, so do your repayments - but they'll go up if it rises. Our tracker mortgages also ailow you to make overpayments up to 10% per annum to help payoff your mortgage early.

Offset mortgages
This is a way of putting your savings to work by 'offsetting' the money in your eligible current and savings accounts against the amount of money you borrow for your mortgage. In effect, it's like subtracting your savings from your mortgage so you only pay interest on the amount left over.
The advantage is that you could payoff your mortgage early or choose to reduce your monthly repayments.
Got savings in a lot of different accounts? It's no problem, as your Offset mortgage can be linked to up to 12 eligible accounts - including four current accounts and even your ISAs. And you don't have to offset all your savings; you can choose which
to offset and which you'd like to carry on earning interest - remember you won't earn any interest on any balances offset.

Mortgages for first·time buyers
All our mortgages are available to first-time buyers. You can borrow up to 95% of the value of the property, so you only have to find a 5% deposit.