Five Year Fixed Rate Mortgage - North East Exclusive

A fixed interest rate mortgage helps to make budgeting easier, as your monthly repayments stay the same each month during the fixed interest rate period.

So there's no sudden changes in how much you need to find to make your repayments even if interest rates rise or fall.


We have therefore launched an exclusive range of products aimed at helping first time buyers in the North East in the following postcode areas: NE, SR, DH, TD15, TD12, DL, TS, CA1 - 11.

How much will it cost?

An initial rate* of Followed by our Standard Variable Rate, currently The overall cost for comparison is Maximum Loan To Value Fees
3.45% 5.99% 5.0% 90% £0
* until 31 March 2023 APR

If you borrowed £120,000 over 25 years, the cost for credit would be £92,833.05, meaning you repay a total of £212,833.05. This would be repaid by 63 monthly repayments of £597.54 and a further 333 monthly repayments of £739.19.

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Summary Information

Interest Rates Initial rate of 3.45% until 31st March 2023 reverting to our Standard Variable Rate (currently 5.99%) from 1st April 2023. The overall cost for comparison is 5.0% APR.
Maturity Date 31 March 2023
Maximum Loan to Value (LTV) 90%
Loan Amount £10,000 - £500,000
Daily Interest Calculation Interest is calculated on the balance of your account at the end of each day. Interest is accrued daily and added to your account balance on the last day of every month. Every cleared payment that is made reduces the mortgage balance and interest is recalculated on the reduced balance.
Minimum Term 5 Years
Reservation Fee £0
Completion Fee £0
Incentives Free Standard Valuation (on properties up to £500k)
£200 Cashback for House Purchases
£200 Cashback or Free Legal Fees for Re-mortgages
10% overpayments allowed per annum
Early Repayment Charge 5% of amount repaid until 31st March 2019
4% of amount repaid until 31st March 2020
3% of amount repaid until 31st March 2021
2% of amount repaid until 31st March 2022
1% of amount repaid until 31st March 2023.

Useful Documents

Below you will find useful mortgage documents which will assist you in submitting your application.

Apply for a mortgage today

Talk to our mortgage advisers

0345 606 4488

(local rate charge but calls from mobiles may cost more)

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