Notices

  • Savings products - In preparation of the launch of our new and improved Online Service we have temporarily withdrawn online applications for all our savings products. You can still apply for these products by post or in branch. All savings products will be available to apply online from 12 May. We apologise for any inconvenience this may cause.

  • Savings customers: Your 2024 / 2025 Annual Interest Savings Summary are currently being processed and are due to be delivered by 30 April 2025.

  • We’ll shortly be making some changes to our Online Service to make it simpler and easier for you to use.  

    Our new Online Service will have a modern design, improved navigation and many added benefits.  

    Find out more about the changes

  • Mortgage products - On Wednesday 23 April, we made changes to our mortgage product range. These include rate adjustments across our fixed rate products, and an increase to our Owner Occupier Joint Borrower Sole Proprietor maximum LTV to up to 90% (with no additional security required) for loans up to £500,000.
  • Any customers that have recently applied for this account will have 15 calendar days to initially fund their account.

Can I get a mortgage for less than my rent?

Having been renting for years and saving a small deposit to buy your first home, can a mortgage cost less than renting?

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

It’s possible yes and would depend on your income affordability, outgoings and the term you want to repay the mortgage over. 

You'll need a deposit of at least 5% of the property value and you’d need to go through a mortgage advice process to establish what type of products are available, the monthly mortgage payments and costs including valuation, legal fees and stamp duty.

Products are available specifically for first time buyers with small deposits and these sometimes include help with some of the costs involved and low fees. The interest rate on loans with smaller deposits will be higher than for other loans.


Family assistance

One way to reduce the cost is through mortgages that allow other family members to provide extra security, either through a charge over their own property or their savings. This can reduce the interest rate and by offsetting savings family members can also help reduce the monthly payment.

Find out how our innovative award-winning Family Mortgage can help buyers with a low deposit to purchase a property, using security provided by their family.

First time & family assisted mortgages

We offer a range of traditional and innovative mortgages to help customers achieve their dream of getting onto the property ladder.

Find out more