Fixed rate until 29 June 2029 75% LTV

Key Features

Mortgage type 
  • A fixed rate mortgage has an interest rate that stays the same for a set period of time. During the fixed rate period your monthly repayments stay the same. At the end of the fixed rate period the interest rate will change, usually to the lender's standard variable rate (SVR).
Interest rates  
  • 4.69% fixed until 29 June 2029 changing to our Standard Variable Rate (SVR) for the remainder of the mortgage.
Maximum loan to value 
  • 75 %
  • Application Fee: Purchase £850
  • Application Fee: Remortgage £850
  • Application Fee: Existing borrower product transfer £0
  • Mortgage Exit Administration Fee (MEAF): £100
  • Overpayments allowed
  • Newbury Building Society will pay the first £700 of the standard mortgage valuation (this will cover properties valued up to £1,000,000).
Loan size 
  • £50,000 (Min) - £1,000,000 (Max)
  • (£40,000 minimum loan for existing borrowers transferring onto the product)
Early repayment charge (ERC) 
  • The Early Repayment Charge (ERC) period applies from the date of completion.
  • For this product the ERC period is until 29 June 2029.
  • ERC is 5% to 29 June 2025, 4% to 29 June 2026, 3% to 29 June 2028, 2% to 29 June 2029 of the original loan amount (or the balance outstanding on the date an existing mortgage is transferred to this product).
  • During the ERC period you are permitted to make overpayments up to 10% of the original loan amount (or the balance outstanding on the date an existing mortgage is transferred to this product) per year. If overpayments exceed 10% in a year during the ERC period, you will have to pay the relevant ERC percentage rate on the amount of overpayment exceeding the permitted level.
  • The full ERC is payable on the original loan amount (or the balance outstanding on the date an existing mortgage is transferred to this product) if you repay your mortgage in full during the ERC period. The ERC will also be levied on previously permitted overpayments.
  • The mortgage term must be between 5 and 35 years.
  • Available to those purchasing or remortgaging their residential home subject to product terms.
  • Also available for existing borrowers to transfer their existing mortgage into, subject to payment of any ERC's that apply on their current mortgage and for existing borrowers moving house.
  • The property must be located in England or Wales. All properties in the following London postcodes are restricted to 60% loan to value: E, EC, N, NW, SE, SW, W, WC. Flats in the following London postcodes are restricted to 60% loan to value CR, EN HA, IG, KT, RM, SM, TW UB.
  • Minimum property value of £150,000
Representative example

A mortgage of £198,850 (including an application fee of £850) payable over 13 years initially on a fixed rate for 5 years at 4.69% and then on our standard variable rate, currently 7.00% for the remaining 8 years would require 60 monthly payments of £1,704.92 and 96 monthly payments of £1,857.65.

The total amount payable would be £280,729.60 made up of the loan amount plus interest of £81,779.60 and a MEAF of £100.

The overall cost for comparison is 5.6% APRC representative.

Additional information



    Legal costs

  • Legal work is required when buying your home and is carried out by a solicitor, payable by you. We can use the same solicitors as you, providing there is a minimum of four Approved Managers/ Licence Holders and they are registered on The Law Society website ( Licenced conveyancers are also acceptable for residential business only. The conveyancer must be registered with the Council of Licenced Conveyancers and be in a firm with at least four Approved Managers/Licence Holders.
  • For remortgages, we can carry out the legal work for you using title insurance.
  • Incentives

  • No higher lending charge applies, we will take out an insurance policy to cover the associated risk of lending more than 75% of the purchase price/valuation of your property but we will not charge you for it.
  • We will pay the first £700 of the standard mortgage valuation, (this will cover properties valued up to £1,000,000). If your valuation fee is more than £700 (i.e. your property value is more than £1,000,000), you are responsible for paying the difference.
  • If an existing borrower who is not moving house would like a revaluation carried out to assess which LTV tier they qualify for they will be required to pay a revaluation fee (see our Mortgages explained booklet for details).
  • Where ‘free legals’ apply, they are for remortgages only. The legal work will be carried out by Newbury Building Society using title insurance and the cost, which covers HM Land Registry fees, a title insurance premium and other disbursements will be paid by us. Title insurance is only available to applicants who are UK Nationals and resident in the UK at the time of completion. The ‘free legals’ service does not include the legal work involved for registering unregistered land or transferring property from one person to another (the names and addresses of the borrowers must agree precisely with those held at HM Land Registry).  If legal work is required in these areas, a solicitor will be required to act at your cost. 'Free legals' are not available on Limited Company Buy to Lets.
  • Maximum loan to value

  • Loan to value (LTV) is the proportion of the value or price of the property (whichever is lower) that you borrow on a mortgage. For example, a £150,000 mortgage on a house valued at £200,000 would mean a LTV of 75%.
  • All loans over 70% LTV must be on a capital and interest repayment basis.
  • For existing borrowers transferring onto this product the LTV will be calculated on the current loan outstanding and the indexed valuation held on our records. If the borrower feels the indexed valuation is inaccurate it can be reviewed by contacting our Customer Services department.
  • Fees

  • The application fee can be added to the mortgage and is refundable if the mortgage does not take place. If you add the application fee to your mortgage, this increases the amount you borrow and will also increase your monthly payments.
  • A Mortgage Exit Administration Fee (MEAF) applies when you repay your mortgage. Please see our Tariff of charges leaflet and your European Standardised Information Sheet (ESIS) for details.
  • Timescales

  • House purchases must complete within six months of the date of the formal mortgage offer. Remortgages must complete within three months from the date the application is received.
  • Where existing borrowers transferring their mortgage are not in an early repayment charge period, the transfer must take place within four months of the mortgage offer.
  • For new build properties the mortgage offer is valid for up to 6 months. The application must be able to complete in the product time scales. Therefore, the new build property must be completed and available for occupation within six months of the mortgage offer.
  • Portability

  • All our mortgages are portable, which means that if you move house within an early repayment charge period the product can be transferred to your new mortgage, up to the value of the product outstanding at redemption, without charge. If the loan amount on your new mortgage is lower, there may be a charge based on the difference between the old and the new loan amount. A higher lending charge may be applicable for the new mortgage.
  • Other charges

  • Charges applying to the ongoing administration of your mortgage are detailed in our Tariff of charges PDF, which you will be given before your mortgage completes.
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