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Teacher Exclusive - 5 year fixed rate purchase - 5% deposit, 5.19% fixed

Available for loans up to 95% of the purchase price or valuation of the property, whichever is lower.

YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

PLEASE NOTE: This rate includes an SVR rate reduction with effect from 01/03/25


Deposit % Term Initial interest
rate 		Follow on rate Overall cost for
comparison 		Max LTV Arrangement
fee 		Application
fee
5% 5 years 5.19% 8.44%
after 5 years 		7.2% APRC 95.0% £0.00 £0.00

Key features

Rates information

A fixed rate, currently 5.19% (Ending on 14 March 2030). It then changes to our Standard Variable Rate, which is currently 8.44% for the remaining term.

The overall cost for comparison is 7.2% APRC representative.

What you pay

  • Daily interest.
  • A valuation fee is payable for all properties worth £800,000 or more.

Early repayment charge

An Early Repayment Charge of 3% on the amount repaid will be applied for the duration of the product term. You can overpay by up to 10% of the loan outstanding per calendar year without charge.

What we pay

  • The first valuation fee for properties worth less than £800,000

Representative example

A mortgage of £202,047.00 over 26 years initially on a fixed rate of 5.19% (Ending on 14 March 2030) and then our Standard Variable Rate, currently 8.44%, for the remaining term, would require 60 monthly payments of £1181.12 and 252 monthly payments of £1529.60.

The total amount payable would be £456,465.25 made up of the loan amount plus interest (£254,308.25) with a Funds Transfer Fee of £25.00 and a Mortgage Exit Fee of £85.00. 

The overall cost for comparison is 7.2% APRC representative.


Please note: the representative example is for a house purchase only. For remortgage applications, certain fees do not apply. Please contact us for details.

This information does not contain all of the details you need to choose a mortgage. Make sure that you read the separate European Standardised Information Sheet before you make a decision. For full details, please call our friendly team on 0800 378 669.

Product Reference: 751

Your home may be repossessed if you do not keep up repayments on your mortgage