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Existing borrowers

Variable rate deals for existing borrowers

If you already have a mortgage with us and are coming to the end of your deal these variable rate deals, designed specially for you, could be just what you're looking for.  Please remember, to secure your chosen mortgage you must pay the relevant booking fee.

For more details or to find out how to switch, contact us.

Product features
  • No higher lending charge.
  • Pay up to 10% in overpayments per year with no early repayment charges.
  • Daily interest calculation for capital payments; you get the benefit of capital payments straightaway, through a reduction in the interest charged.
  • Maximum loan size is £500,000. Loans greater than this can be considered.
  • No early repayment charges after the initial period.

Transferring your mortgage

For existing customers our flexible and discount transfer deals offer you the opportunity to take advantage of interest rate changes.  

3 year discount
Initial
rate		 For the remainder
of the term		 The overall cost
for comparison is		 Application
fee
6.79%
(0.30% below
our SVR
until 31.03.11)		 7.09%
Standard
Variable Rate		 7.30% APR £199
There are early repayment charges that apply until 30.09.2011

'Deal for life' flexible tracker
For the term
of the mortgage		 The overall cost
for comparison is		 Application
fee
6.79%
(1.79% above
'Bank Rate')		 7.00% APR £199
There are no early repayment charges with this transfer product
There are special conditions that apply to our flexible tracker mortgages

Rates correct as at 13 June2008.

How it works

Our discount and flexible trackers are variable rate transfer deals.

  • Our discount transfer deals offer you the opportunity to pay a discounted interest rate for the discount rate term.
  • Our flexible tracker mortgage track the ‘Bank Rate’ that can go up or down and affect monthly payments. At the end of the initial rate period, your mortgage will revert to 1.94% above the Bank Rate.

Advantages of our discount and flexible tracker transfer deals:

  • You can take advantage of possible reducing interest rates.
  • You can overpay and have the option to underpay or take a payment holiday up to the amount overpaid.
  • Interest is calculated daily, which will lead to interest savings over the term of the mortgage.
  • Your repayments will be lower with a discount mortgage leaving you with extra money.

Consider one of our other mortgages if:

  • You want to know how much you will be paying each month then one of our fixed rate deals could suit you.

Please Note

1. Our mortgage products can be withdrawn at anytime.  To be certain of obtaining your desired product you will need to follow the procedure and pay the associated booking fee.  Be aware that you will not secure any particular product until the relevant booking fee has been paid.

2. Terms and conditions apply.

3. We may offer different products and/or similar but differently priced products through our various channels (branches, Derbyshire Direct, Intermediaries and the web). For full details of all available products, please contact us.