Help to Buy fixed rate until 29 June 2027 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  
  • 4.89% fixed until 29 June 2027, changing to our Standard variable rate (SVR) for the remainder of the mortgage.
Maximum loan to value  i
  • 75 %
Fees  i
  • Application Fee: Remortgage £850
  • Mortgage Exit Administration Fee (MEAF): £100
  • Overpayments allowed
  • Free valuation
Loan size 
  • £50,000 (min) - £450,000 (max).
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 2027.
  • ERC is 3% to 29 June 2026 and then 2% to 29 June 2027 of the original loan amount.
  • During the ERC period you are permitted to make overpayments up to 10% of the original loan amount 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 if you repay your mortgage in full during the ERC period. The ERC will also be levied on previously permitted overpayments.
  • Product available to those remortgaging their residential home, through the Help to Buy scheme, subject to product terms.
  • The mortgage must be on a capital and interest repayment basis.
  • The mortgage term must be between 5 and 35 years.
  • Maximum property value of up to £600,000 applies, dependent on region (see more details)
  • 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 3 years at 4.89% and then on our standard variable rate, currently 7.00% for the remaining 10 years would require 36 monthly payments of £1,724.99 and 120 monthly payments of £1,897.93.

The total amount payable would be £289,951.24 made up of the loan amount plus interest of £91,001.24 and a MEAF of £100.

The overall cost for comparison is 6.3% APRC representative.

Additional information



    Legal costs

  • Legal work is required when buying your home and when switching your mortgage to us from another lender (remortgage). When buying your home the legal work is carried out by a solicitor and is 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.
  • Incentives

  • We will carry out a standard mortgage valuation at our cost, providing the mortgage completes. You can upgrade to a Home Buyers report if you wish and if you would prefer a full building survey, we can give you the names of some local surveyors who can organise this for you.
  • You can upgrade to a Home Buyers report if you wish and if you would prefer a full building survey, we can give you the names of some local surveyors who can organise this for you. (see our Mortgages Explained booklet for valuation and home buyer fees).
  • Qualification

  • You need to be accepted by a local Help to Buy agent for the Help to Buy scheme.
  • 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 mortgages must be on a capital and interest repayment basis.
  • 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

  • Remortgages must complete within three months from the date the application is received.
  • 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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