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Check how much you could potentially borrow.
Before beginning an application, it’s important to check how much you could borrow for a mortgage and what the cost could be. On our mortgage calculator pages we have a borrowing calculator and a repayment calculator to help you decide.
Takes approximately 2 minutes to complete
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
A tracker mortgage is a type of variable rate mortgage where the interest rate tracks (or follows) the Bank of England Base Rate. This means that the interest you are charged on your mortgage (and therefore the amount of your monthly mortgage repayments) depends on how the Base Rate changes:
For some people the flexibility of tracker mortgage rates is an advantage whilst others will prefer the security of knowing what their interest rate will be for a set period of time (as per fixed rate mortgages). With a tracker mortgage (sometimes referred to as a variable rate mortgage) you need to prepare for your interest rate and mortgage payments to go up if the Base Rate rises.
See how a tracker mortgage could be the right choice for you and what you need to be aware of:
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.
Make monthly payments to cover the interest you owe. In order to pay off the loan amount at the end of the term, you will need to have an acceptable repayment strategy.
Before you get started on a mortgage application it’s a good idea to check our mortgage calculators to find out how much you could borrow and what the repayments would be.
Speak to one of our friendly mortgage advisers about your options