Mortgages
 
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Variable Rate Mortgages

Standard Mortgage Range

Whether you are moving home for the first or last time. You can take advantage of a changing market with our variable rate mortgages.

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.
  • 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 initial term.
  • Application fees can normally be added to the loan after paying an initial £150 booking fee.
  • A redemption fee is payable on full repayment of the mortgage. 
 

Your next home

Our flexible tracker mortgages give you the opportunity to take advantage of interest rate changes. 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.

 
Deal For Life Tracker
Minimum
Deposit		 Initial
Rate		 For the remainder
of the term		 The overall cost
for comparison is		 Application
fee
20% 5.99%
(2.99% above
'Bank Rate')		 2.99% above
'Bank Rate'
 6.40% APR £999
There are no Early Repayment Charges.
Rates correct as at 12 November 2008

How it works

Our Tracker products are variable rate mortgages, which track the ‘Bank Rate’ that can go up or down and affect monthly payments. Advantages of our Tracker & Discount mortgages:

  • You can take advantage of possible reducing interest rates.
  • 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 know how much you will be paying each month then one of our fixed rate mortgages is ideal.
  • 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

1These products are available to existing members who have held a Derbyshire Building Society mortgage or savings account continuously for at least the last 12 months.

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.