Obtain a lending decision (or ‘Approval in Principle’).
Our online Approval in Principle application
takes just 10 minutes to complete, after which we’ll be able to tell you whether or not we would be able to lend to you and how much we would be able to lend.
Takes approximately 10 minutes to complete
Complete a full mortgage application.
If you’ve acquired a successful lending decision and found a new property then you’re ready for the full mortgage application. You can complete a mortgage application online or if you’d like some advice, you can speak to a mortgage advisor in branch or talk to us by phone .
Takes approximately 15 minutes to complete
In simple terms a Discounted Standard Variable Rate (SVR) mortgage is a type of variable rate mortgage. A variable rate mortgage is a mortgage where the interest rate goes up and down according to a mortgage providers Standard Variable Rate. This is opposite to a fixed rate mortgage, where the rate is the same throughout a set period.
Our Discounted SVR mortgage deals have their interest rate set at a specified ‘discount’ level below our Standard Variable Rate (currently 4.74%) for a specific initial deal period (typically 2 years).
If we offer a discount of 3% on a mortgage deal for 2 years, you would pay a rate of 1.74% (4.74% SVR – 3% discount)
If the SVR rose to 4.99%, the interest rate payable would increase to 1.99% (the new SVR of 4.99% - 3% discount)
If the SVR reduced to 4.49%, the interest rate payable would fall to 1.49% (4.49% SVR - 3% discount)
Fix your mortgage interest rate, so it won’t change over a set period of time, regardless of what is happening to interest rates elsewhere.
Use your savings to offset against the balance of your mortgage and reduce the interest you pay.
Speak to one of our friendly mortgage advisers about our range of mortgage deals.