Mortgage features

We offer a range of features across our mortgages, designed with your clients in mind.

The rate your client pays is directly linked to movements in the Bank of England Base Rate (BBR). Each time the BBR changes, your client's rate will change for their next payment (within one month).

All our tracker mortgages are true term products.

• This means that if your client's completion date is delayed, their mortgage will still run the full deal period
• For example, a 2 year tracker completing on 7 August 2025 will run for 24 monthly payments and revert to our Standard Mortgage Rate (SMR) on 1 September 2027
• No early repayment charges (ERCs), giving your client added flexibility

Tracker floor

If the BBR rate is 0% or less during the tracker period, the rate your client will pay will be 0% plus the agreed set percentage above the BBR. This means the rate your client pays will never go below 0% plus the additional rate of their tracker mortgage.

At the end of the tracker period, the mortgage will automatically move to our SMR.

Fixed rate mortgages can help your clients who like the security of knowing what their monthly repayments will be.

With a fixed rate mortgage, the interest rate will stay the same for the duration of the fixed rate period:

• This means the rate will not change, whether the Bank of England Base Rate goes up or down

All our fixed rate mortgages are true term products:

• This means that if your client's completion date is delayed, their mortgage will still run for the full deal period
• So, if your client is taking out a 2 year fixed product and completes on 7 August 2025, they'll make 24 monthly payments and revert to our Standard Mortgage Rate on 1 September 2027
• At the end of the fixed rate period, your client will automatically move to our Standard Mortgage Rate (SMR).

Daily interest is calculated as standard on all our mortgages.

Each time your client pays off part of their mortgage, whether through a regular payment or an overpayment, the interest is recalculated the next working day.

This means your client only pays interest on what they owe. It's a fairer way of charging interest and helps reduce their mortgage balance without needing to wait until the end of the month or year (terms and conditions apply).

If your client builds up an overpayment reserve, they have the flexibility to reduce their future monthly payments for an agreed period.

Interest will not be charged on any balance increase resulting from underpayments until the next capitalisation of the account (annually on 31 December).

• Underpayments can only be agreed up to the limit of the overpayment reserve
• Your client must confirm the available reserve and agree the underpayment period before commencing underpayments
• When agreeing underpayments, the payment method must be confirmed and adjusted as needed.

Underpayments are not subject to affordability or eligibility checks (terms and conditions apply).

More information, including how to apply, is available on our customer website.