Mortgage rates - applicable from 01 November 2017

 

  • Up to £1000 Cashback^

  • No application fee

  • No booking fee

  • Minimum 5% deposit required (based on a property price up to £250,000)

 

^ Applies to new lending only - cashback is payable within one month of draw down, subject to the loan not being redeemed during that time. Cashback applies as follows: 5 Year Fixed Rate mortgage - £1,000; other new business products (e.g. short term fixed rates and discount variable products) - £500. Some exclusions apply: Further Advances, and loans less than £25,000.

 

Fixed rate (fixed until 31 January 2020)

Minimum deposit (% of property price) Initial fixed interest rate Interest rate following the fixed interest term The overall cost for comparison Early repayment charge
40% 2.24%

The Bank's standard variable rate, currently

3.99%

3.9% APRC If the mortgage is repaid or reduced within the fixed rate period, an early repayment charge will apply.
25% 2.42% 3.9% APRC
20% 2.42% 3.9% APRC
15% 2.55% 4.0% APRC
10% 2.57% 4.0% APRC
5%* 4.20% 4.3% APRC
See below for summary of additional information. To calculate what a mortgage payment is likely to be, click here.

 

 

Fixed rate (fixed until 31 January 2021)

Minimum deposit (% of property price) Initial fixed interest rate Interest rate following the fixed interest term The overall cost for comparison Early repayment charge
40% 2.24%

The Bank's standard variable rate, currently

3.99%

3.8% APRC If the mortgage is repaid or reduced within the fixed rate period, an early repayment charge will apply.
25% 2.42% 3.8% APRC
20% 2.42% 3.8% APRC
15% 2.55% 3.8% APRC
10% 2.57% 3.8% APRC
5%* 4.30% 4.3% APRC
See below for summary of additional information. To calculate what a mortgage payment is likely to be, click here.
No application fee
No application fee
No application fee

Fixed rate (fixed until 31 January 2023)

Minimum deposit (% of property price) Initial fixed interest rate Interest rate following the fixed interest term The overall cost for comparison Early repayment charge
40% 2.41%

The Bank's standard variable rate, currently

3.99%

3.6% APRC If the mortgage is repaid or reduced within the fixed rate period, an early repayment charge will apply.
25% 2.53% 3.6% APRC
20% 2.56% 3.6% APRC
15% 2.73% 3.7% APRC
10% 2.84% 3.7% APRC
5%* 4.35% 4.4% APRC

See below for summary of additional information. To calculate what a mortgage payment is likely to be, click here.

3 year variable rate 'Discount Extra'

Minimum deposit (% of property price) Initial variable interest rate Differential to our Standard Variable Rate Interest rate following the discounted interest term The overall cost for comparison Early repayment charge
40% 2.02% -1.97%

The Bank's standard variable rate, currently

3.99%

3.7% APRC If the mortgage is repaid or reduced within the discounted rate period, an early repayment charge will apply.
25% 2.19% -1.80% 3.7% APRC
20% 2.39% -1.60% 3.8% APRC
15% 2.59% -1.40% 3.8% APRC
10% 2.68% -1.31% 3.9% APRC
5%* 3.68% -0.31% 4.1% APRC
See below for summary of additional information. To calculate what a mortgage payment is likely to be, click here.

2 year variable rate 'Discount Freedom'

Minimum deposit (% of property price) Initial variable interest rate Differential to our Standard Variable Rate Interest rate following the discounted interest term The overall cost for comparison Early repayment charge
40% 1.99% -2.00%

The Bank's standard variable rate, currently

3.99%

3.9% APRC

 

N/A

25% 2.19% -1.80% 3.9% APRC
20% 2.39% -1.60% 3.9% APRC
15% 2.59% -1.40% 4.0% APRC
10% 2.68% -1.31% 4.0% APRC
5%* 3.68% -0.31% 4.2% APRC
See below for summary of additional information. To calculate what a mortgage payment is likely to be, click here.

Summary of additional information

  • *5% minimum deposit above applies to property values of up to £250,000. The minimum deposit for properties valued between £250,000 and £750,000 is 10%. The minimum deposit for properties over £750,000 is 20%.
  • Free valuation for switchers, valuation fee refunded upon drawdown for all first time buyers
  • Find out more about our mortgages. Standard variable rate mortgages are also available.

Mortgage Repayment Calculator

Our mortgage repayment calculator is a helpful tool which will tell you what a mortgage payment is likely to be based on your selected mortgage amount, term and interest rate. This calculator is for illustrative purposes only and is not a mortgage offer. The payments are calculated on a monthly basis and based on a capital and interest repayment mortgage. Interest rates are subject to change.

 

To view our mortgage rates, click here.

Mortgage Repayment Calculator

Enter a mortgage amount, term and interest rate.

 

Estimated monthly repayment: £

469

This is an illustration and not a commitment to lend. Mortgages are subject to an appraisal of the applicant's financial standing. Lending criteria, terms and conditions apply.

 

If you want to find out more information on our mortgages or want to apply, call us on 028 9082 1655 or request a callback.

 

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

Representative example

 

  • Loan value: £163,342
  • Loan term: 26 years
  • Loan Type: Fixed rate for 5 years, reverting to standard variable rate for the remaining term
  • Initial monthly repayments: £737.96, followed by a repayment of £831.60 for the remaining term
  • Fixed rate: 2.73% for 5 years
  • Standard variable rate: currently 3.99%
  • APRC (annual percentage rate of charge): 3.7%
  • Number of monthly instalments: 312
  • The following fees are included in the calculation for this example:
    • Valuation fee £250
    • Funds transfer fee, £30;
    • Mortgage exit fee, £55;

If the rates do not vary during the term of the mortgage, the total cost of credit (the total amount repayable less the amount of the mortgage) would be £90,783.80. This means that the borrower would have to pay a total amount of £254,125.80. Home insurance is required.

 

For more information, see General Information about First Trust Bank Mortgages.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

First time buyer?

  • No application fee
  • No booking fee
  • Your valuation fee refunded upon drawdown of your mortgage
  • Minimum 5% deposit required (based on a property price up to £250,000) 
 

Moving your mortgage to First Trust Bank?

  • No application fee
  • No booking fee
  • Free legal fees using a bank nominated solicitor*
  • Free Valuation fee using a bank nominated valuer
  • Minimum 5% deposit required (based on a property price up to £250,000)
  • Download our 'Switching your mortgage?' flyer

 

Whatever your mortgage question, you can bank on us.

View our frequently asked mortgage questions

Additional information

First Trust Bank reserves the right to withdraw or amend products at any time. Loans are granted subject to an appraisal of the applicant's financial standing. Applicants must be 18yrs or over. Minimum mortgage amount £25,000. Lending criteria, terms and conditions apply. An independent valuation will be required. Your mortgage will be secured against the mortgaged property. Primary residence only.

 

*The Bank will appoint a solicitor to act on its behalf only for the remortgage and will pay the standard solicitor fees, VAT and the cost of standard disbursements directly relating to the remortgage.
Depending on your circumstances other legal fees may apply which you will have to pay for, for example first registration of land or change of names on the mortgage (please note this is not exhaustive).
If you seek additional independent legal advice as part of your remortgage you must arrange to pay for those services yourself.

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