Help to Buy

If you have an existing Help to Buy mortgage with us you may be able to borrow more money against your property. The additional money can be used for paying off the Government’s equity loan (in part or in full) or essential property repairs.

Important things you need to know:

  • There are no product or arrangement fees.
  • You can borrow up to 75% of your home's value including your existing mortgage.
  • Your additional borrowing will be secured against your home.
  • A revaluation will be required.

If you would like to speak to one of our advisors about borrowing more simply contact your local branch to book an appointment or call our team on 03450 502230.

During your appointment you will be asked a number of questions to help us understand your circumstances and assess affordability and based on the information you provide, our qualified advisor will recommend the best product we have available for you.

 
Please note Further advances are restricted to paying off the Government’s equity loan (in part or in full) and essential property repairs. Copies of estimates, consent from your Help to Buy agent and a revaluation will be required.

2 Year Fixed Rate Help To Buy Rates

Initial rate fixed up to and inc. 31/12/19Then the Society's SVR thereafter, (currently)Overall cost for comparison (APRC)Max LTVProduct Fee
RATES CORRECT AS AT 22 AUG 2017

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

Representative Example

A mortgage of £30,000.00 payable over 25 years initially on a fixed rate for 2 years at 4.49% and then on our current Standard Variable Rate of 5.44% (variable) for the remaining 23 years would require 24 monthly payments of £166.42 and 276 monthly payments of £181.89.

The total amount payable would be £54,195.28 made up of the loan amount plus interest of £24,195.28 and application fee £0, product fee £0, valuation fee £0.

The overall cost for comparison is 5.4% APRC representative.

This representative example assumes a mortgage completion date on the 1st day of a calendar month.

The above representative example is for illustration purposes only and may vary depending on your personal circumstances.

Additional Features

  • No Higher Lending Charge.
  • 10% capital repayments are allowed each year without incurring an Early Repayment Charge.
  • Tapered early repayment charges apply up to and including 31 Dec 2019.
  • Free standard valuation up to £999.
  • Maximum loan size £999,999.

Discount Help To Buy Rates

Initial rate fixed up to and inc. 31/12/19The Society's SVR applies for the term of the mortgage (currently)†Overall cost for comparison (APRC)†Max LTVProduct Fee
RATES CORRECT AS AT 13 OCT 2015

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

Representative Example

A mortgage of £20,000.00 payable over 25 years on our Standard Variable Rate for the mortgage term of 25 years at our current rate of 5.44% (variable) would require 300 monthly payments of £121.98.

The total amount payable would be £36,592.92 made up of the loan amount plus interest of £16,592.92 and application fee £0, product fee £0, valuation fee £0.

The overall cost for comparison is 5.6% APRC representative.

This representative example assumes a mortgage completion date on the 1st day of a calendar month.

The above representative example is for illustration purposes only and may vary depending on your personal circumstances.

Additional Features

  • No Higher Lending Charge.
  • Maximum loan amount £999,999
  • Unlimited capital repayments are allowed.
  • No Early Repayment Charges apply.
  • Interest is calculated daily.

The actual rate available will depend on your circumstances. Ask for a personalised illustration.