Mortgage Rates

Current Interest Rates

Interest rates are correct as from 02 January 2009

% APR*
Standard Variable Rate 3.99% 4.1%

Fixed Rate Mortgages

Fixed rate offers
Up to 60% LTV (loan to value)		 Fixed rate offers
Up to 90% LTV (loan to value)*
1 Year Fixed 4.39%
(APR 5.7%) 		1 Year Fixed 4.59%
(APR 5.9%)
2 Year Fixed 4.69%
(APR 5.5%) 		2 Year Fixed 4.89%
(APR 5.7%)
5 Year Regular Fixed 5.19%
(APR 5.6%) 		5 Year Fixed 5.39%
(APR 5.8%)

From the date after expiry of the fixed term you pay interest at the Lloyds TSB Offshore Banking Mortgage Rate, which is variable. A commitment fee of £499 is payable on mortgages for terms up to 5 years, and £699 for terms of 5 years and over before we formally offer a mortgage to you. This will be refunded to first-time buyers on completion. You must be 18 or over to apply. The APR (Annual Percentage Rate) shown is typical for a mortgage of £40,000 over 25 years. All fixed rate offers must be drawn down by 28th February 2009.
*LTV of 90% is only available to Island Premier account holders. 85% for First Time Buyers and up 80% for other borrowers.

Tracker Mortgages

Type of Tracker Loan to value Margin Current interest rate
Short term Tracker
(June 2013)		 Up to 60% LTV
(Loan to value).		 1.79% above Base Rate 3.79% (APR 4.3%)
Short term Tracker
(June 2013)		 Up to 90% LTV*
(Loan to value).		 1.99% above Base Rate 3.99% (APR 4.5%)
Full term Tracker Up to 60% LTV
(Loan to value).		 1.99% above Base Rate 3.99% (APR 4.6%)
Full term Tracker Up to 90% LTV*
(Loan to value).		 2.19% above Base Rate 4.19% (APR 4.8%)

Interest rates are variable. With a tracker mortgage, the interest rate will be linked to the Bank of England's Base Rate. The rate will be recalculated within one month following any change in the Base Rate. From the date after expiry of the term of the tracker (if any), you pay interest at the Lloyds TSB Offshore Banking Mortgage Rate, which is variable. An arrangement fee of £699 is payable for the 'short term' tracker and £999 for the 'full term' tracker mortgage.
*A higher interest rate (as shown) will be charged if the mortgage amount is greater than 60% of the purchase price or valuation (whichever is the lower).
*LTV of 90% is only available to Island Premier account holders. 85% for First Time Buyers and up 80% for other borrowers.