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  • Giving you breathing space in the first year


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    • Our new Breathing Space mortgage allows you to better fund those little projects that make your house a home.
    • You will have lower fixed repayments for the first year and the security of knowing what you're paying each month.
    • This is followed by higher fixed repayments for the remaining two years. Early repayments charges apply throughout the fixed period.
  • What you get

    • Buy a home with just a 5% deposit
    • No higher lending charge
    • As a current concession during the early repayment charge period, you can repay up to 10% of the balance each year without the charge applying

    Terms and Conditions (PDF)

  • Be aware that

    A Mortgage Account Fee of £265 applies to all mortgages unless stated otherwise.

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


  • Summary box

    Download the summary box for an overview of all the key credit card features.

    Summary box (PDF) 

  • 3 year Breathing Space mortgage deals

  • First time buyers

    There's nothing like buying your first home. For people from all walks of life, it's a dream we've been helping to make real.

    View details and start application

  • Home movers

    Moving home is an exciting time and we want to ensure the mortgage aspect is as straightforward as possible so you can focus on the good bits.

    View details and start application

  • Buying a home is an exciting time, and it can also be an expensive time - especially in the first year. This is the time you could do with a little extra money to redecorate and buy furniture.

    We're launching our new Breathing Space mortgage for first time buyers and home movers, to give you the freedom to make your house a home. We want to ease the pressure of your move and provide a more enjoyable experience. By giving you the opportunity to have lower fixed repayments for the first year and the security of knowing what you're paying each month.

    This is followed by higher fixed repayments for the remaining two years. Early repayments charges apply throughout the fixed period.

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

    Lending is subject to status and lending criteria. Borrowers must be 18 or over and a UK resident.

    Special offersInitial rate Product fee This reverts to The overall cost for comparison is Other information
    For loans of between 75% and 80% of the purchase price or valuation of the property, whichever is lower.
     

    1.49% until 31 October 2016,

    then

    2.59% until 31 October 2018

    £995Homeowner Variable Rate, currently 3.99%3.7% APRFor loans between £5,000 and £1,000,000.
    Repayment basis only
    For loans of between 80% and 85% of the purchase price or valuation of the property, whichever is lower.
     

    1.84% until 31 October 2016,

    then

    2.94% until 31 October 2018

    £995Homeowner Variable Rate, currently 3.99%3.8% APRFor loans between £5,000 and £1,000,000.
    Repayment basis only
    For loans of between 85% and 90% of the purchase price or valuation of the property, whichever is lower.
     

    2.99% until 31 October 2016,

    then

    4.09% until 31 October 2018

    £995Homeowner Variable Rate, currently 3.99%4.1% APRFor loans between £5,000 and £500,000.
    Repayment basis only
    For loans of between 90% and 95% of the purchase price or valuation of the property, whichever is lower.
     

    3.59% until 31 October 2016,

    then

    4.69% until 31 October 2018

    £995Homeowner Variable Rate currently 3.99%4.3% APRFor loans between £5,000 and £250,000.
    Repayment basis only