Reach Mortgages
Clients may be offered a Reach mortgage to support them in buying, moving or remortgaging if their credit score means we can't offer them standard mortgage products.
Key information about our Reach MortgagesReach First Time Buyer 2 Year Fixed Rate Mortgages
| Initial rate fixed up to and inc. 31/07/2028 | Then changing to the Society's current Standard Variable Rate (SVR) for the remaining term of the mortgage | Overall cost for comparison (APRC) | Maximum loan to value (LTV) | Product Fee | |
|---|---|---|---|---|---|
| 5.27% | 7.74% | 7.5% | 80% | £0 | |
| Max loan amount £1,000,000 | |||||
| 5.22% | 7.74% | 7.5% | 85% | £999 | |
| Max loan amount £1,000,000 | |||||
| 5.48% | 7.74% | 7.5% | 85% | £0 | |
| Max loan amount £1,000,000 | |||||
| 5.60% | 7.74% | 7.6% | 90% | £999 | |
| Max loan amount £700,000 | |||||
| 5.77% | 7.74% | 7.6% | 90% | £0 | |
| Max loan amount £700,000 | |||||
| 5.78% | 7.74% | 7.6% | 95% | £999 | |
| Max loan amount £600,000 | |||||
| 6.02% | 7.74% | 7.6% | 95% | £0 | |
| Max loan amount £600,000 | |||||
Reach Legal Assisted 2 Year Fixed Rate Mortgages
| Initial rate fixed up to and inc. 31/07/2028 | Then changing to the Society's current Standard Variable Rate (SVR) for the remaining term of the mortgage | Overall cost for comparison (APRC) | Maximum loan to value (LTV) | Product Fee | |
|---|---|---|---|---|---|
| 5.42% | 7.74% | 7.5% | 80% | £0 | |
| Max loan amount £1,000,000 | |||||
| 5.47% | 7.74% | 7.6% | 85% | £999 | |
| Max loan amount £1,000,000 | |||||
| 5.63% | 7.74% | 7.5% | 85% | £0 | |
| Max loan amount £1,000,000 | |||||
| 5.75% | 7.74% | 7.6% | 90% | £999 | |
| Max loan amount £700,000 | |||||
| 5.92% | 7.74% | 7.6% | 90% | £0 | |
| Max loan amount £700,000 | |||||
Home Mover Only 2 Year Fixed Rate Mortgages
| Initial rate fixed up to and inc. 31/07/2028 | Then changing to the Society's current Standard Variable Rate (SVR) for the remaining term of the mortgage | Overall cost for comparison (APRC) | Maximum loan to value (LTV) | Product Fee | |
|---|---|---|---|---|---|
| 5.78% | 7.74% | 7.6% | 95% | £999 | |
| Max loan amount £600,000 | |||||
| 6.02% | 7.74% | 7.6% | 95% | £0 | |
| Max loan amount £600,000 | |||||
Representative Example
A mortgage of £180,000.00 payable over 25 years initially on a fixed rate for 2 years at 6.02% and then on our current Standard Variable Rate of 7.74% (variable) for the remaining 23 years would require 24 monthly payments of £1160.74 and 276 monthly payments of £1345.51.
The total amount payable would be £399,253.52 made up of the loan amount plus interest of £219,218.52 and application fee £0, product fee £0, valuation fee £0, funds transfer fee £35.
The overall cost for comparison is 7.6% 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.
This example has been calculated on a Capital & Interest repayment method. The monthly payments, total amount payable and interest charged all reflect this calculation method.
Key details about this product range
- Unless otherwise indicated, these products are only available for house purchases or for customers remortgaging from another lender.
- A product fee is payable on application (where applicable) but is refundable should the mortgage not complete.
- A mortgage exit fee of £199 will apply.
- Tapered Early Repayment Charges may apply.
- Interest calculated daily.
- These products are not available to interest only applications.
- The products and services on this site are available to UK residents only.
- Mortgage applicants must be 18 years or over.
- Mortgages are subject to eligibility, status and financial standing.
Reach First Time Buyer 3 Year Fixed Rate Mortgages
| Initial rate fixed up to and inc. 31/07/2031 | Then changing to the Society's current Standard Variable Rate (SVR) for the remaining term of the mortgage | Overall cost for comparison (APRC) | Maximum loan to value (LTV) | Product Fee | |
|---|---|---|---|---|---|
| 5.66% | 7.74% | 7.4% | 90% | £0 | |
| Max loan amount £700,000 | |||||
| 5.79% | 7.74% | 7.5% | 95% | £999 | |
| Max loan amount £600,000 | |||||
| 6.04% | 7.74% | 7.5% | 95% | £0 | |
| Max loan amount £600,000 | |||||
Reach Legal Assisted 3 Year Fixed Rate Mortgages
| Initial rate fixed up to and inc. 31/07/2031 | Then changing to the Society's current Standard Variable Rate (SVR) for the remaining term of the mortgage | Overall cost for comparison (APRC) | Maximum loan to value (LTV) | Product Fee | |
|---|---|---|---|---|---|
| 5.71% | 7.74% | 7.4% | 90% | £0 | |
| Max loan amount £700,000 | |||||
Home Mover Only 3 Year Fixed Rate Mortgages
| Initial rate fixed up to and inc. 31/07/2031 | Then changing to the Society's current Standard Variable Rate (SVR) for the remaining term of the mortgage | Overall cost for comparison (APRC) | Maximum loan to value (LTV) | Product Fee | |
|---|---|---|---|---|---|
| 5.84% | 7.74% | 7.5% | 95% | £999 | |
| Max loan amount £600,000 | |||||
| 6.09% | 7.74% | 7.5% | 95% | £0 | |
| Max loan amount £600,000 | |||||
Representative Example
A mortgage of £180,000.00 payable over 25 years initially on a fixed rate for 3 years at 6.09% and then on our current Standard Variable Rate of 7.74% (variable) for the remaining 22 years would require 36 monthly payments of £1168.45 and 264 monthly payments of £1340.26.
The total amount payable would be £395,927.84 made up of the loan amount plus interest of £215,892.84 and application fee £0, product fee £0, valuation fee £0, funds transfer fee £35.
The overall cost for comparison is 7.5% 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.
This example has been calculated on a Capital & Interest repayment method. The monthly payments, total amount payable and interest charged all reflect this calculation method.
Key details about this product range
- Unless otherwise indicated, these products are only available for house purchases or for customers remortgaging from another lender.
- A product fee is payable on application (where applicable) but is refundable should the mortgage not complete.
- A mortgage exit fee of £199 will apply.
- Tapered Early Repayment Charges may apply.
- Interest calculated daily.
- These products are not available to interest only applications.
- The products and services on this site are available to UK residents only.
- Mortgage applicants must be 18 years or over.
- Mortgages are subject to eligibility, status and financial standing.
Reach First Time Buyer 5 Year Fixed Rate Mortgages
| Initial rate fixed up to and inc. 31/07/2031 | Then changing to the Society's current Standard Variable Rate (SVR) for the remaining term of the mortgage | Overall cost for comparison (APRC) | Maximum loan to value (LTV) | Product Fee | |
|---|---|---|---|---|---|
| 5.11% | 7.74% | 6.8% | 80% | £0 | |
| Max loan amount £1,000,000 | |||||
| 5.12% | 7.74% | 6.8% | 85% | £999 | |
| Max loan amount £1,000,000 | |||||
| 5.21% | 7.74% | 6.8% | 85% | £0 | |
| Max loan amount £1,000,000 | |||||
| 5.37% | 7.74% | 6.9% | 90% | £999 | |
| Max loan amount £700,000 | |||||
| 5.41% | 7.74% | 6.9% | 90% | £0 | |
| Max loan amount £700,000 | |||||
| 5.60% | 7.74% | 7.0% | 95% | £999 | |
| Max loan amount £600,000 | |||||
| 5.70% | 7.74% | 7.0% | 95% | £0 | |
| Max loan amount £600,000 | |||||
Reach Legal Assisted 5 Year Fixed Rate Mortgages
| Initial rate fixed up to and inc. 31/07/2031 | Then changing to the Society's current Standard Variable Rate (SVR) for the remaining term of the mortgage | Overall cost for comparison (APRC) | Maximum loan to value (LTV) | Product Fee | |
|---|---|---|---|---|---|
| 5.15% | 7.74% | 6.8% | 80% | £0 | |
| Max loan amount £1,000,000 | |||||
| 5.13% | 7.74% | 6.8% | 85% | £999 | |
| Max loan amount £1,000,000 | |||||
| 5.27% | 7.74% | 6.8% | 85% | £0 | |
| Max loan amount £1,000,000 | |||||
| 5.42% | 7.74% | 7.0% | 90% | £999 | |
| Max loan amount £700,000 | |||||
| 5.46% | 7.74% | 6.9% | 90% | £0 | |
| Max loan amount £700,000 | |||||
Home Mover Only 5 Year Fixed Rate Mortgages
| Initial rate fixed up to and inc. 31/07/2031 | Then changing to the Society's current Standard Variable Rate (SVR) for the remaining term of the mortgage | Overall cost for comparison (APRC) | Maximum loan to value (LTV) | Product Fee | |
|---|---|---|---|---|---|
| 5.60% | 7.74% | 7.0% | 95% | £999 | |
| Max loan amount £600,000 | |||||
| 5.70% | 7.74% | 7.0% | 95% | £0 | |
| Max loan amount £600,000 | |||||
Representative Example
A mortgage of £180,000.00 payable over 25 years initially on a fixed rate for 5 years at 5.70% and then on our current Standard Variable Rate of 7.74% (variable) for the remaining 20 years would require 60 monthly payments of £1125.79 and 240 monthly payments of £1320.67.
The total amount payable would be £384,543.20 made up of the loan amount plus interest of £204,508.20 and application fee £0, product fee £0, valuation fee £0, funds transfer fee £35.
The overall cost for comparison is 7.0% 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.
This example has been calculated on a Capital & Interest repayment method. The monthly payments, total amount payable and interest charged all reflect this calculation method.
Key details about this product range
- Unless otherwise indicated, these products are only available for house purchases or for customers remortgaging from another lender.
- A product fee is payable on application (where applicable) but is refundable should the mortgage not complete.
- A mortgage exit fee of £199 will apply.
- Tapered Early Repayment Charges may apply.
- Interest calculated daily.
- These products are not available to interest only applications.
- The products and services on this site are available to UK residents only.
- Mortgage applicants must be 18 years or over.
- Mortgages are subject to eligibility, status and financial standing.
This information is designed for use by FCA authorised intermediaries only.
Any questions?
Please contact your nearest Development Manager.