Mortgages
 
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Fixed Rate Mortgages

Standard Mortgage Range 

Whether you are moving home for the first, second or even tenth time, our fixed rate mortgages provide certainty and protection against interest rates changes. These products are also available if you are a first time buyer or looking to move your mortgage to us from another lender.  Please remember, to secure your chosen mortgage you must pay the relevant booking fee.

Product features
  • No higher lending charge.
  • Pay up to 10% in overpayments per year with no early repayment charges.
  • Free accident, sickness and unemployment insurance available for the first 3 months.*
  • 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.
  • Application fees can normally be added to the loan after paying an initial £150 booking fee.
  • In addition to early repayment charges, a redemption fee is payable on full repayment of the mortgage.

Your next home

Our fixed rate mortgages offer you the security of knowing how much your mortgage will cost every month. As an extra we offer you FREE 3 months accident, sickness and unemployment insurance* with our mortgages. We can also arrange home insurance to protect your new home.

Based on the size of the deposit and your choice of application fee, we have a rate to suit you.

2 year fixed
Minimum
Deposit		 Initial
Rate		 For the remainder
of the term		 The overall cost
for comparison is		 Application
fee
20% 5.79% 7.09%
Standard
Variable Rate		 7.20% APR £999
There are early repayment charges that apply until 31.03.2011
 
5 year fixed
Minimum
Deposit		 Initial
Rate		 For the remainder
of the term		 The overall cost
for comparison is		 Application
fee
20% 5.79% 7.09%
Standard
Variable Rate		 6.90% APR £999
There are early repayment charges that apply until 31.03.2014
 
 
10 year fixed
Minimum
Deposit		 Initial
Rate		 For the remainder
of the term		 The overall cost
for comparison is		 Application
fee
20% 6.09% 7.09%
Standard
Variable Rate		 6.70% APR £999
There are early repayment charges that apply until 31.03.2019
 
Rates correct as at 19 November 2008

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 Variable Rate.

Advantages of our fixed rate mortgages:

  • You pay the same amount each month during the fixed rate term.
  • Protect your mortgage payments from interest rate rises during the fixed rate term.
  • Interest is calculated daily, which will lead to interest savings over the term of the mortgage.

Consider one of our other mortgages if:

  • You want to take advantage of possible reducing interest rates with a flexible tracker. 
  • You are an existing customer. We offer fixed rate and variable rate mortgages for Derbyshire Building Society members.1

Please Note

* Terms and conditions apply

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. 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.