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 must 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 85% of your home's value including your existing mortgage.
  • Your additional borrowing will be secured against your home.
  • Copies of estimates, consent from your Help to Buy agent and a revaluation will be required.

If you'd like to speak to one of our advisors about borrowing more, get in touch.

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

 

The mortgaged property (which may be your home) may be repossessed if you do not keep up repayments on your mortgage

2 Year Help To Buy Fixed Rate Mortgages

Initial rate fixed up to and inc. 31/05/23Then changing to the Society's SVR less a discount of 1.25%, up to and inc. 31/05/2026, (currently)Then the Society's SVR thereafter, (currently)Overall cost for comparison (APRC)Max LTVProduct Fee
4.49% 4.04%5.29%5.0%85%£0
Max loan amount £500,000
RATES CORRECT AS AT 16 march 2021

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

Representative Example

A mortgage of £34,000.00 payable over 25 years initially on a fixed rate for 2 years at 4.49% and then a 1.25% discount on our current Standard Variable Rate of 5.29% giving a rate of 4.04% for 3 years and then on our current Standard Variable Rate of 5.29% for the remaining 20 years would require 24 monthly payments of £188.61, 36 monthly payments of £180.59 and 240 monthly payments of £200.75.

The total amount payable would be £59,208.80 made up of the loan amount plus interest of £25,208.80 and application fee £0, product fee £0, valuation fee £0, funds transfer fee £35.

The overall cost for comparisons is 5.0% 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.

Additional Features

  • 10% capital repayments are allowed each year without incurring an Early Repayment Charge.
  • For fixed rates up to and including 31 May 2023 tapered Early Repayment Charges apply up to and including 31 May 2023.
  • Free standard valuation up to £999.
  • Maximum loan size £500,000.

Help to Buy Variable Rate

The Society's SVR applies for the term of the mortgage (currently)†Overall cost for comparison (APRC)†Max LTVProduct Fee
5.29%5.4%75%£0
Max loan amount £1,000,000
RATES CORRECT AS AT 13 may 2020

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

Representative Example

A mortgage of £25,000.00 payable over 25 years on our Standard Variable Rate for the mortgage term of 25 years at our current rate of 5.29% (variable) would require 300 monthly payments of £150.25.

The total amount payable would be £45,109.60 made up of the loan amount plus interest of £20,074.60 and application fee £0, product fee £0, valuation fee £0, funds transfer fee £35.

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

  • Unlimited capital repayments are allowed.
  • Interest calculated daily.
  • Free standard valuation up to £999.
  • No Early Repayment Charges apply.
  • No Higher Lending Charge.
  • Maximum loan amount £1,000,000
  • Interest is calculated daily.

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