Notices

Savings customers - the interest rates on many of our variable rate savings products will be decreasing from 6 January 2025. Find out more

We will be emailing or writing to you shortly to let you know of how these decreases affect you. In the meantime, you can see all of these changes here.
Mortgage customers - our Managed Mortgage Rate (MMR) will decrease by 0.25% from 20 January 2025. Find out more:

From 20 January 2025, we'll be decreasing our Managed Mortgage Rates (MMR) by 0.25%. All on-sale discounted variable product rates and other details, including representative examples displayed on our website, have been updated to reflect these lower rates.
We will be writing to existing customers who have been impacted by this change, shortly, with details relevant to them.
View our Christmas opening hours here. For information on bank transfer processing times over the Christmas period please click here.
Rate changes following Bank of England decision to decrease its Bank Rate by 0.25% to 4.75% on 7 November 2024. Find out more

Savings: Interest rates for Windfall Bond and Tracker Savings Bond will decrease by 0.25% from 1 December 2024. We will be writing to all customers individually to confirm the new rates.
Mortgages: Tracker mortgages will change on 25 December 2024 and we will write to customers individually with revised payment details where the new rate exceeds the minimum rate (or ‘floor’) already applying to their mortgage.
(Notice updated 08/11)

4.89% 5 Year Fixed Rate to 31/05/2030 (XF0908)

Initial interest rate	Current follow on rate	Overall cost for comparison	Repayment or Interest-Only?	Max % Loan to Value (LTV)	Product fees	Additional benefits
4.89% 5 Year Fixed Rate to 31/05/2030 (XF0908)
4.89%	8.19%	5.7%APRC	Repayment	60%	£0~

Key things to bear in mind

Purpose - Further Advance and Product Switch applications
Loan to Value - 60%
Fixed Rate end date - 31/05/2030
Application fee - £125 for Further Advance. £0 for Product Switches
Legal fees - £100 minimum for Further Advance applications
Valuation Fees - £0
^~Product Fee - £0 for Further Advance and Product Switch
Early Repayment Charges - 5% until 31/05/2026, 4% until 31/05/2027, 3% until 31/05/2028, 2% until 31/05/2029, 1% until 31/05/2030
Maximum loan - No maximum
Minimum Loan - £2,000 for Further Advance. No minimum for product switches
Cost for comparison - 5.7% APRC.

Affordability calculator Email us Ask us to call back Summary & fees

Representative example

A mortgage of £110,897.00 payable over 10 years initially on a fixed rate for 5 years at 4.89% and then on our variable Managed Mortgage Rate, currently 8.19% would require 65 monthly payments of £1,170.28 and 55 monthly payments of £1,250.55 plus one initial interest payment of £461.22.

The total amount payable would be £145,409.67 made up of the loan amount plus interest of £34,412.67 and a Mortgage Exit Fee of £100.

The overall cost for comparison is 5.7% APRC representative.

More downloads & what you'll need to apply

Identification

Only applicable for Further Advance applications - We carry out an electronic ID check on all applicants. If this fails you will need to provide us with ID documents.

Bank statements

Only applicable for Further Advance applications - Three full months most recent consecutive bank statements for all current accounts, to evidence all income and outgoings. Bank statements must show the applicants name, account number, sort code and bank logo.

Proof of income

Only applicable for Further Advance applications -

If you're employed in a company you'll need:

Three months' most recent payslips
Most recent P60.

If you have property or investment income you'll need:

Two years most recent SA302s.

If you're self employed you'll need:

Two years most recent accounts or two years most recent SA302s / Tax Calculations (100% Completed) or Family Building Society Accountant's Certificate
Accountant's details on the application form.

If you are already retired or if the term of your mortgage term goes beyond retirement or age 70 you'll need: