Mortgages
 

Further Advances

The flexible way to raise extra money

If you already have a mortgage with us and you want to borrow more, you can choose one of the following products.

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.
  • In addition to early repayment charges, a redemption fee is payable on full repayment of the mortgage.

A choice of further advance mortgages...

2 year Fixed
Maximum
Loan-to-Value		 Initial
Fixed Rate		 For the remainder
of the term		 The overall cost
for comparison is		 Application
fee
60% 4.99%
until 30.04.12		 Standard Mortgage Rate currently
3.99%		 4.30% APR £199
75% 5.59%
until 30.04.12		 Standard Mortgage Rate currently
3.99%		 4.40% APR £199
85% 6.99%
until 30.04.12		 Standard Mortgage Rate currently
3.99%		 4.70% APR £199
There are early repayment charges that apply until 30.04.2012
 
3 year Fixed
Maximum
Loan-to-Value		 Initial
Rate		 For the remainder
of the term		 The overall cost
for comparison is		 Application
fee
60% 5.99%
until 30.04.13		 Standard Mortgage Rate currently
3.99%		 4.70% APR £199
75% 6.59%
until 30.04.13		 Standard Mortgage Rate currently
3.99%		 4.80% APR £199
85% 7.99%
until 30.04.13		 Standard Mortgage Rate currently
3.99%		 5.20% APR £199
There are early repayment charges that apply until 30.04.2013
 
 
2 Year Tracker
Maximum
Loan-to-Value		 Initial
Rate		 For the remainder
of the term currently 		 The overall cost
for comparison is		 Application
fee
60% 4.19%
(3.69% above
'Bank Rate')
until 30.04.12		 4.74%
(4.24% above
'Bank Rate')		 4.80% APR £199
75% 4.69%
(4.19% above
'Bank Rate')
until 30.04.12		 4.74%
(4.24% above
'Bank Rate')		 4.90% APR £199
85% 6.19%
(5.69% above
'Bank Rate')
until 30.04.12		 4.74%
(4.24% above
'Bank Rate')		 5.20% APR £199
There are early repayment charges that apply until 30.04.2012
 
View the current Bank Rate here.  
Rates correct as at 16th November 2009.

How it works

The interest you are charged on our fixed rate mortgages stays the same for the fixed rate term. At the end of this period, your mortgage will revert to our Standard Mortgage Rate.

  • Our Fixed Rate products are mortgages with an interest rate that stays the same for the fixed rate term. At the end of this period, your mortgage will revert to our Standard Mortgage Rate.
  • Our Tracker products are variable rate mortgages, which track the Bank of England Official Bank Rate that can go up or down and affect monthly payments.

Please Note

Terms and conditions apply to our mortgages.

1. Our mortgage products can be withdrawn at anytime.

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