Offset 4.96% Fixed rate to 30.11.29



4.96% Fixed Rate to 30.11.29

Followed by:



Early repayment charge


Product fee

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



Initial rate

4.96% Fixed Rate to 30.11.29

Followed by

7.49% Variable for remainder of term

Overall cost



Fees / Incentives

  • Application fee: None
  • Product fee: £999 (can be added to mortgage)
  • Mortgage exit fee: £125
  • One valuation included
Read the full Tariff of mortgage charges leaflet.

Early repayment charges

5.00% of the balance repaid until 30.11.27, then 4.00% until 30.11.28, then 2.00% until 30.11.29

You can repay up to 10% of the capital p.a. without an early repayment charge

Max Loan to Value



Interest charged frequency

Interest charged


Product Information

This product is available for Product Transfer and Further Advance Only. An Offset mortgage links an Offset savings account to an Offset mortgage to reduce the mortgage interest payable. Interest on the mortgage is charged on the difference between the mortgage and savings balances, and this interest is paid alongside the monthly capital repayment amount. All Offset products benefit from the ability to maybe take additional borrowing at the product rate (up to the Loan to Value limit of the product) and also the flexibility to change between reducing the amount owed on your mortgage or reducing your monthly payments.

Fixed rates offer security - the interest rate on the mortgage won't change for an initial period, so the monthly payments will remain the same during this time regardless of whether interest rates rise or fall.


This product is portable and can be transferred from the existing property to a new property.

Payment Holidays

Payment holidays may be allowed on this product, please call us for more information.

Mortgage Exit Fee

If the mortgage is paid off before the end of the agreed term, a £125 mortgage exit fee will be payable, plus any applicable early repayment charges.

Application and Valuation Fees

Application and valuation fees (where applicable) are payable on application, and are non-refundable. The application will not be processed until these fees are received. This means the product is not reserved and a valuation will not be instructed.

We will instruct one valuation once we've reviewed your application. The valuation is for our benefit and used to confirm whether we can lend on the property. It's important to remember that we decide the type of valuation most appropriate to the application; therefore a physical inspection of the property may not be required.

Additional notes

Overall cost of a mortgage

To help understand the typical cost of this mortgage, please see the representative example below.

Representative example

(This is not an illustration and should only be used as an example)

A mortgage of £208,944.00 starting on 01.06.24 payable over 24 years on an initial fixed rate of 4.96% to 30.11.29, then reverting to our standard variable rate currently at 7.49% for the remainder of the mortgage. This would require 65 monthly payments of £1,249.87 and 220 monthly payments of £1,512.86, plus one initial interest payment of £854.61.

The total amount payable would be £414,925.36 made up of the loan amount plus interest of £203,457.36, a valuation fee of £255.00, a product fee of £999.00 and a funds transfer fee of £8.00.

The overall cost for comparison is 6.5% APRC representative.

Find out more about how to apply for this mortgage
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Our help section is bursting with useful information. If you'd rather chat, just give us a call.


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