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Interest Rates and Charges
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Your home may be repossessed if you do not keep up repayments on your mortgage.
  

Mortgage Interest Rates

Offset Mortgages

Offsetting can be a great way to use your money effectively.
We only accept remortgage applications if you have owned your property for at least 6 months.

Offset Tracker Mortgages

With our offset tracker rate mortgages, your interest rate tracks changes to the Bank of England's (B.o.E) base rate for a set period.
Product
name		 Max loan to value Initial rate     Then changing for the remainder of the term to The overall
cost for
comparison is
Remortgage Offset tracker 500 until 1 November 2011 (B.o.E + 0.94%) 60%
LTV		 5.94% currently.
Tracks 0.94% above the BoE's base rate until 01.11.11		 7.00% currently.
(our offset variable mortgage rate)		 7.0%
APR
Arrangement fee: £1999  |  Early repayment charges - 3.00% until 01.11.09, 2.00% until 01.11.10, 2.00% until 01.11.11 on original 'special rate' advance [full redemption]  |   Refundable valuation fee  |   £330 charge if mortgage redeemed before 01.11.10  |   CHAPS Fee: £25   |   Additional Borrowing - the same as St. James's Place Bank's offset variable mortgage rate.
Remortgage Offset tracker 1 million until 1 November 2011 (B.o.E + 1.14%) 60%
LTV		 6.14% currently.
Tracks 1.14% above the BoE's base rate until 01.11.11		 7.00% currently.
(our offset variable mortgage rate)		 7.0%
APR
Arrangement fee: £3999  |  Early repayment charges - 3.00% until 01.11.09, 2.00% until 01.11.10, 2.00% until 01.11.11 on original 'special rate' advance [full redemption]  |   Non-refundable valuation fee  |   CHAPS Fee: £25   |   Additional Borrowing - the same as St. James's Place Bank's offset variable mortgage rate.
Remortgage Offset tracker 75 until 1 November 2010 (B.o.E + 0.79%) 75%
LTV		 5.79% currently.
Tracks 0.79% above the BoE's base rate until 01.11.10		 7.00% currently.
(our offset variable mortgage rate)		 7.3%
APR
Arrangement fee: £1999  |  Early repayment charges - 3.00% until 01.11.09, 2.00% until 01.11.10 on original 'special rate' advance [full redemption]  |   Refundable valuation fee  |   £330 charge if mortgage redeemed before 01.11.10  |   CHAPS Fee: £25   |   Additional Borrowing - the same as St. James's Place Bank's offset variable mortgage rate.
Product
name		 Max loan to value Initial rate     Then changing for the remainder of the term to The overall
cost for
comparison is
Remortgage Offset tracker 75 until 1 November 2010 (B.o.E + 0.94%) 75%
LTV		 5.94% currently.
Tracks 0.94% above the BoE's base rate until 01.11.10		 7.00% currently.
(our offset variable mortgage rate)		 7.2%
APR
Arrangement fee: £999  |  Early repayment charges - 3.00% until 01.11.09, 2.00% until 01.11.10 on original 'special rate' advance [full redemption]  |   Refundable valuation fee  |   £330 charge if mortgage redeemed before 01.11.10  |   CHAPS Fee: £25   |   Additional Borrowing - the same as St. James's Place Bank's offset variable mortgage rate.
Remortgage Offset tracker 75 until 1 November 2011 (B.o.E + 0.94%) 75%
LTV		 5.94% currently.
Tracks 0.94% above the BoE's base rate until 01.11.11		 7.00% currently.
(our offset variable mortgage rate)		 7.1%
APR
Arrangement fee: £999  |  Early repayment charges - 3.00% until 01.11.09, 2.00% until 01.11.10, 2.00% until 01.11.11 on original 'special rate' advance [full redemption]  |   Refundable valuation fee  |   £330 charge if mortgage redeemed before 01.11.10  |   CHAPS Fee: £25   |   Additional Borrowing - the same as St. James's Place Bank's offset variable mortgage rate.
Remortgage Offset tracker 75 until 1 November 2013 (B.o.E + 1.09%) 75%
LTV		 6.09% currently.
Tracks 1.09% above the BoE's base rate until 01.11.13		 7.00% currently.
(our offset variable mortgage rate)		 7.0%
APR
Arrangement fee: £999  |  Early repayment charges - 3.00% until 01.11.09, 2.00% until 01.11.10, 2.00% until 01.11.11 on original 'special rate' advance [full redemption]  |   Refundable valuation fee  |   £330 charge if mortgage redeemed before 01.11.10  |   CHAPS Fee: £25   |   Additional Borrowing - the same as St. James's Place Bank's offset variable mortgage rate.
Product
name		 Max loan to value Initial rate     Then changing for the remainder of the term to The overall
cost for
comparison is
Remortgage Offset tracker 75 (special) until 1 November 2011 (B.o.E + 0.99%) 75%
LTV		 5.99% currently.
Tracks 0.99% above the BoE's base rate until 01.11.11		 7.00% currently.
(our offset variable mortgage rate)		 6.9%
APR
Arrangement fee: £999  |  Early repayment charges - 3.00% until 01.11.09, 2.00% until 01.11.10, 2.00% until 01.11.11 on original 'special rate' advance [full redemption]  |   Refundable valuation fee  |   £330 charge if mortgage redeemed before 01.11.10  |   CHAPS Fee: £25   |   Additional Borrowing - the same as St. James's Place Bank's offset variable mortgage rate.
Remortgage Offset tracker 75 for term of mortgage (B.o.E + 1.09%) 75%
LTV		 6.09% currently.
Tracks 1.09% above the BoE's base rate for term of the mortgage		 6.4%
APR
Arrangement fee: £995  |  Early repayment charges - 3.00% until 01.11.09, 2.00% until 01.11.10, 2.00% until 01.11.11 on original 'special rate' advance [full redemption]  |   Refundable valuation fee  |   £330 charge if mortgage redeemed before 01.11.10  |   CHAPS Fee: £25   |   Additional Borrowing - at a tracker rate above the Bank of England's base rate.
Remortgage Offset tracker 500 until 1 November 2011 (B.o.E + 1.29%) 85%
LTV		 6.29% currently.
Tracks 1.29% above the BoE's base rate until 01.11.11		 7.00% currently.
(our offset variable mortgage rate)		 7.1%
APR
Arrangement fee: £2499  |  Early repayment charges - 3.00% until 01.11.09, 2.00% until 01.11.10, 2.00% until 01.11.11 on original 'special rate' advance [full redemption]  |   Non-refundable valuation fee  |   CHAPS Fee: £25   |   Additional Borrowing - the same as St. James's Place Bank's offset variable mortgage rate.
Product
name		 Max loan to value Initial rate     Then changing for the remainder of the term to The overall
cost for
comparison is
Remortgage Offset tracker 1 million until 1 November 2011 (B.o.E + 1.49%) 85%
LTV		 6.49% currently.
Tracks 1.49% above the BoE's base rate until 01.11.11		 7.00% currently.
(our offset variable mortgage rate)		 7.1%
APR
Arrangement fee: £4999  |  Early repayment charges - 3.00% until 01.11.09, 2.00% until 01.11.10, 2.00% until 01.11.11 on original 'special rate' advance [full redemption]  |   Non-refundable valuation fee  |   CHAPS Fee: £25   |   Additional Borrowing - the same as St. James's Place Bank's offset variable mortgage rate.
Remortgage Offset tracker 90 until 1 November 2011 (B.o.E + 1.69%) 90%
LTV		 6.69% currently.
Tracks 1.69% above the BoE's base rate until 01.11.11		 7.00% currently.
(our offset variable mortgage rate)		 7.3%
APR
Arrangement fee: £1499  |  Early repayment charges - 3.00% until 01.11.09, 2.00% until 01.11.10, 2.00% until 01.11.11 on original 'special rate' advance [full redemption]  |   Non-refundable valuation fee  |   CHAPS Fee: £25   |   Additional Borrowing - the same as St. James's Place Bank's offset variable mortgage rate.
Remortgage Offset tracker 90 until 1 November 2013 (B.o.E + 1.59%) 90%
LTV		 6.59% currently.
Tracks 1.59% above the BoE's base rate until 01.11.13		 7.00% currently.
(our offset variable mortgage rate)		 7.2%
APR
Arrangement fee: £1499  |  Early repayment charges - 4.00% until 01.11.09, 3.00% until 01.11.10, 3.00% until 01.11.11, 2.00% until 01.11.12, 2.00% until 01.11.13 on original 'special rate' advance [full redemption]  |   Non-refundable valuation fee  |   CHAPS Fee: £25   |   Additional Borrowing - the same as St. James's Place Bank's offset variable mortgage rate.

Tell me more about offset tracker mortgages
Your home may be repossessed if you do not keep up repayments on your mortgage.

Offset Fixed Rate Mortgages

With our fixed rate mortgage, you have the assurance of knowing your interest rate will stay the same for a set period.
Product
name		 Max loan to value Initial rate     Then changing for the remainder of the term to The overall
cost for
comparison is
Remortgage Offset fixed 75 until 1 November 2010 75%
LTV		 5.94%
fixed until 01.11.10		 7.00% currently.
(our offset variable mortgage rate)		 7.1%
APR
Arrangement fee: £999  |  Early repayment charges - 3.00% until 01.11.09, 2.00% until 01.11.10 on original 'special rate' advance [full redemption]  |   Refundable valuation fee  |   £330 charge if mortgage redeemed before 01.11.10  |   CHAPS Fee: £25   |   Additional Borrowing - the same as St. James's Place Bank's offset variable mortgage rate.
Remortgage Offset fixed 90 until 1 November 2010 90%
LTV		 6.60%
fixed until 01.11.10		 7.00% currently.
(our offset variable mortgage rate)		 7.3%
APR
Arrangement fee: £1499  |  Early repayment charges - 3.00% until 01.11.09, 2.00% until 01.11.10 on original 'special rate' advance [full redemption]  |   Non-refundable valuation fee  |   CHAPS Fee: £25   |   Additional Borrowing - the same as St. James's Place Bank's offset variable mortgage rate.
Offset fixed mortgages are only available on loans between £100,000 & £500,000
Your home may be repossessed if you do not keep up repayments on your mortgage.

Mortgage Fees and Charges




Item Charge
Full copy of title documents lodged with us £40.00
Single copy document lodged with us £40.00
Title information £40.00
Forwarding your title deeds to a conveyancer £40.00
Mortgage discharge fee (only payable if mortgage is repaid early) £140.00
Release from the mortgage of part of the property £75.00
Grant of easement or servitude (for example, a right of way) £75.00
Enquiries (including requests for answers to questionnaires, references and consent) from lenders granting other mortgage loans £100.00
Valuation fee (adding/removing a borrower from the mortgage) £70.00
Further advance fee £160.00
Chaps (same day electronic funds transfer between banks) £25.00
Non payment of ground rent £75.00
Copy of mortgage statement £15.00
If a cheque is returned unpaid £25.00
Failed payments (direct debits, standing orders) £25.00
Each letter or telephone call to you concerning a missed payment £10.00
Where it becomes necessary to instruct solicitors to collect missed payments £115.00
Consenting to the transfer of mortgaged property £160.00
Mortgage discharge fee (only payable if mortgage is repaid early)#  

# If we charge a mortgage discharge fee, we will tell you the amount of the fee and whether it is variable in your most recently accepted mortgage offer or mortgage product transfer offer. The amount of the fee, if applicable, will also be shown in your annual mortgage statement and in any amount owing statement we issue. We will also tell you the amount of the fee at any time you ask us to.

In addition, you will be required to pay any costs we pay to third parties that we may instruct to recover any money you owe us to create or protect our security, or in using our legal rights. Examples of costs we pay include external counselling agency fees and solicitors' charges. We will advise you before we instructed a third party.

Valuation Fees

The table below lists the current fees for a standard valuation (level 1 mortgage valuation) and a homebuyer's report based on a range of property values up to £10 million. The valuation fee will be collected by our valuer, Colleys, before the valuation inspection takes place. Colleys will contact you direct and collect the fee by debit or credit card.

Purchase Price/estimated valuation Standard valuation Homebuyer's report Revaluation Fees
Up to £50,000 £240.00 £460.00 £108.00
£100,000 £280.00 £460.00 £108.00
£150,000 £315.00 £490.00 £108.00
£200,000 £355.00 £540.00 £128.00
£300,000 £430.00 £660.00 £165.00
£400,000 £500.00 £790.00 £200.00
£500,000 £565.00 £930.00 £233.00
£600,000 £620.00 £1070.00 £260.00
£700,000 £680.00 £1210.00 £290.00
£800,000 £735.00 £1350.00 £318.00
£900,000 £790.00 £1490.00 £345.00
£1 Million £845.00 £1630.00 £373.00
£1.2 million £960.00 £1830.00 £430.00
£1.4 million £1070.00 £2030.00 £485.00
£1.6 million £1185.00 £2230.00 £543.00
£1.8 million £1295.00 £2430.00 £598.00
£2 million £1410.00 £2630.00 £655.00
£2.2 million £1521.00 £2830.00 £710.00
£2.4 million £1635.00 £3030.00 £768.00
£2.6 million £1745.00 £3230.00 £823.00
£2.8 million £1860.00 £3430.00 £880.00
£3 million £1970.00 £3630.00 £935.00
£3.2 million £2085.00 £3830.00 £993.00
£3.4 million £2195.00 £4030.00 £1048.00
£3.6 million £2310.00 £4230.00 £1105.00
£3.8 million £2420.00 £4430.00 £1160.00
£4 million £2535.00 £4630.00 £1218.00
£4.2 million £2645.00 £4830.00 £1273.00
£4.4 million £2760.00 £5030.00 £1330.00
£4.6 million £2870.00 £5230.00 £1385.00
£4.8 million £2985.00 £5430.00 £1443.00
£5 million £3095.00 £5630.00 £1498.00
£5.5 million £3375.00 £6130.00 £1638.00
£6 million £3660.00 £6630.00 £1780.00
£6.5 million £3940.00 £7130.00 £1920.00
£7 million £4220.00 £7630.00 £2060.00
£7.5 million £4505.00 £8130.00 £2203.00
£8 million £4785.00 £8630.00 £2343.00
£8.5 million £5065.00 £9130.00 £2483.00
£9 million £5345.00 £9630.00 £2623.00
£9.5 million £5625.00 £10130.00 £2763.00
£10 million £5910.00 £10630.00 £2905.00

All fees for a standard valuation and a homebuyer's report include an administration charge of £100. The fees for purchase price/estimated valuation above £5 million are negotiable

Revaluation Fees

Property re-inspection fee £55.00

For further advances or equity release

Up to £10,000 £65.00
£10,001 - £15,000 £70.00
£15,001 - £20,000 £75.00
Every additional £10,000 (or part) over £20,000 £5.00

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