EFFX890 -Five Year Fixed Rate Mortgage - Interest Only

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.

How much will it cost?

An initial rate* of Followed by The overall cost for comparison is Maximum Loan To Value Fees
2.65% 3.4% 80% £999.00
* until 30 November 2026 APRC
The repayment indications DO NOT include any fees that may be payable - should you wish to find out more about a particular mortgage, an illustration outlining all the relevant costs, is available on request

If you borrowed £157,000 over 11 years, the cost for credit would be £59,526.08, meaning you repay a total of £216,526.08. This would be repaid by 60 monthly repayments of £348.48 and a further 72 monthly repayments of £520.74.

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Please read full summary before applying

Summary Information

Interest Rates Initial rate of 2.65% until 30th November 2026 reverting to our Standard Variable Rate (currently 3.96%) from 1st November 2026.
Maturity Date 30 November 2026
Maximum Loan to Value (LTV) 80%
Loan Amount £30,000 - £1,000,000
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 £199
Completion Fee £800
Incentives 10% overpayment allowed per annum.
Early Repayment Charge 5% of amount repaid until 30th November 2022
4% of amount repaid until 30th November 2023
3% of amount repaid until 30th November 2024
2% of amount repaid until 30th November 2025
1% of amount repaid until 30th November 2026

Useful Documents

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

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