Fix your mortgage rate to plan your monthly budget
Need to know exactly what your mortgage payments will be each month so you can budget accordingly? Our fixed-rate mortgage may be the right choice for you.
- Fix your mortgage payment amount for a set term
- Choose from a 2, 3, 5 or 10-year fixed rate
Your home may be repossessed if you do not keep up repayments on your mortgage.
What is a fixed-rate mortgage?
Unlike mortgages with a variable interest rate – like offset or tracker – a fixed-rate mortgage provides you with an interest rate that will stay the same for the fixed term you choose. This could be 2, 3, 5 or even 10 years.
You’ll know exactly what your mortgage payments will be during the fixed term, so you can plan your finances accordingly. You’ll be protected if interest rates go up, however you could end up paying over the odds if they fall. So you should think carefully about how long you want to fix your mortgage for, because you may have to pay an early repayment charge if you change or overpay on your mortgage before the initial fixed term ends.1
After the fixed term, your mortgage will move to a variable rate, which means that your monthly payments could then vary.
Is it right for you?
A fixed-rate mortgage could be right for you if
- You’d prefer to know exactly how much you’ll be paying each month
- You want the flexibility to overpay some of your mortgage each year without being charged 1
How much can you borrow?
Our mortgage calculator can help you determine how much you could afford to borrow and what your monthly payments may be.
How to apply
Find out whether we’d be willing to lend to you in a matter of minutes through an Agreement in Principle. We’ll just ask you a few simple details about yourself, your income and regular spending. An Agreement in Principle doesn’t guarantee you’ll be successful – but it can help you get an idea of what we could lend you for a mortgage. You can get started online, call us or book an appointment in branch.
Our current rates
This table outlines what the initial interest rate will be during the fixed-rate term, as well as the follow-on rate, the amount you can borrow, and any application and early repayment charges. You can sort any of the columns by selecting the column title.
Are you a Premier customer? See our exclusive mortgage range.
The current mortgages data is unavailable. A complete list of all mortgage rates is available for download here.
Loading mortgage data. Please wait...
Initial interest rate
Follow on interest rate
Overall cost for comparison
Loan to value
Early repayment charge
*BBBR means the Barclays Bank Base Rate, which is currently 0.50% (effective 6 March 2009).
A capital and interest mortgage of £131,500 payable over 25 years initially on a fixed rate of 2.99% for 5 years and then our variable tracker rate at 3.49% above the Barclays Bank Base Rate (currently 0.5%) for the remaining term would require 60 monthly payments of £622.90 and 240 monthly payments of £680.64.
The total amount payable would be £201,841.60 made up of the loan amount plus interest and £999 (product fee), £80 (final repayment charge), £35 (completion fee).
The overall cost for comparison is 3.7% APRC representative.
Need some help?
If you have a question about mortgages, choose how you’d like to get in touch. You can also browse our mortgage FAQs . If you want help choosing the right mortgage for you, you’ll need to call us to speak to a mortgage adviser.
More ways to buy your home
Subject to status and availability. You must be 18 years old or over to apply for a mortgage.