Private customer - interest only mortgages
We can help you find the right product from our range
As a private banking customer we offer you exclusive access to the following interest only mortgage range, for mortgages against properties worth £400,000 or more. Your Private Manager will discuss your options and put you in touch with an expert adviser. These professionals will work with you to help you find the product most suited to your needs from our range. For exclusive private residential repayment mortgages, see our repayment mortgage page. The maximum Loan to Value (LTV) for interest only where the repayment strategies meet the Bank's criteria and can be evidenced is 75%.
For alternative products please see our personal banking mortgage range.
Applicants must be aged 18 or over. All loans are subject to status. Security will be required.
Your home may be repossessed if you do not keep up repayments on your mortgage
†The maximum Loan to Value for any Interest Only element of a mortgage is 75%. Any additional borrowing up to a maximum of 80% loan to value must be on a suitable Capital & Interest product.
- All private interest only mortgages
- Private fixed rate
- Private buy to let
- Private offset
- Private discounted SVR
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Deal Max LTV Initial rate Until Follow-on rate (variable) Overall cost for comparison Arrangement fee 2 year fixed rate 75% 1.69% 31st March 20215.20%4.8% APRC £999 
2 year fixed rate - loans over £1m 75% 1.84% 31st March 20215.20%4.8% APRC £1,9992 year fixed rate 80%† 1.89% 31st March 20215.20%4.8% APRC £999 2 year fixed rate - loans over £1m 80%† 1.99% 31st March 20215.20%4.8% APRC £1,999 5 year fixed rate 75% 2.49% 31st March 20245.20%4.5% APRC £999 5 year fixed rate - loans over £1m 75% 2.49% 31st March 20245.20%4.5% APRC £1,9995 year fixed rate 80%† 2.69% 31st March 20245.20%4.5% APRC £999 5 year fixed rate - loans over £1m 80%† 2.69% 31st March 20245.20%4.5% APRC £1,999 2 year fixed rate BTL - fee offer 60% 2.59% 31st March 20215.60%5.3% APRC £02 year fixed rate BTL - Over £1m - London and South East only 60% 2.79% 31st March 20215.60%5.3% APRC £2,999 2 year fixed rate BTL - fee offer 75% 2.84% 31st March 20215.60%5.3% APRC £05 year fixed rate BTL - Fee offer 60% 2.79% 31st March 20245.60%4.8% APRC £0 5 year fixed rate BTL - fee offer 75% 2.89% 31st March 20245.60%4.9% APRC £0Offset Variable Investment Housing Loan 75% 5.60% (variable) No end date Variable for term 5.9% APRC £1,9992 year offset discounted OVR 75% 2.89% (variable) 31st March 20215.20%5.0% APRC £999 2 year offset discounted OVR - loans over £1m 75% 2.99%
(variable)31st March 20215.20%5.0% APRC £1,9992 year offset discounted OVR 80%† 3.09% (variable) 31st March 20215.20%5.0% APRC £999 2 year offset discounted OVR - loans over £1m 80%† 3.19% (variable) 31st March 20215.20%5.0% APRC £1,999 2 year discounted SVR (SVR minus 3.01%) 75% 2.19% (variable) 31st March 20215.20%4.9% APRC £999 2 year discounted SVR (SVR minus 2.91%) 80%† 2.29% (variable) 31st March 20215.20%4.9% APRC £999 -
Deal Max LTV Initial rate Until Follow-on rate (variable) Overall cost for comparison Arrangement fee 2 year fixed rate 75% 1.69% 31st March 20215.20%4.8% APRC £999 2 year fixed rate - loans over £1m 75% 1.84% 31st March 20215.20%4.8% APRC £1,9992 year fixed rate 80%† 1.89% 31st March 20215.20%4.8% APRC £999 2 year fixed rate - loans over £1m 80%† 1.99% 31st March 20215.20%4.8% APRC £1,999 5 year fixed rate 75% 2.49% 31st March 20245.20%4.5% APRC £999 5 year fixed rate - loans over £1m 75% 2.49% 31st March 20245.20%4.5% APRC £1,9995 year fixed rate 80%† 2.69% 31st March 20245.20%4.5% APRC £999 5 year fixed rate - loans over £1m 80%† 2.69% 31st March 20245.20%4.5% APRC £1,999 -
Deal Max LTV Initial rate Until Follow-on rate (variable) Overall cost for comparison Arrangement fee 2 year fixed rate BTL - fee offer 60% 2.59% 31st March 20215.60%5.3% APRC £02 year fixed rate BTL - Over £1m - London and South East only 60% 2.79% 31st March 20215.60%5.3% APRC £2,999 2 year fixed rate BTL - fee offer 75% 2.84% 31st March 20215.60%5.3% APRC £05 year fixed rate BTL - Fee offer 60% 2.79% 31st March 20245.60%4.8% APRC £0 5 year fixed rate BTL - fee offer 75% 2.89% 31st March 20245.60%4.9% APRC £0Offset Variable Investment Housing Loan 75% 5.60% (variable) No end date Variable for term 5.9% APRC £1,999 -
Deal Max LTV Initial rate Discounted rate expires Follow-on rate (variable) Overall cost for comparison Arrangement fee 2 year offset discounted OVR 75% 2.89% (variable) 31st March 20215.20%5.0% APRC £999 2 year offset discounted OVR - loans over £1m 75% 2.99%
(variable)31st March 20215.20%5.0% APRC £1,9992 year offset discounted OVR 80%† 3.09% (variable) 31st March 20215.20%5.0% APRC £999 2 year offset discounted OVR - loans over £1m 80%† 3.19% (variable) 31st March 20215.20%5.0% APRC £1,999 -
Deal Max LTV Initial rate Discounted rate expires Follow-on rate (variable) Overall cost for comparison Arrangement fee 2 year discounted SVR (SVR minus 3.01%) 75% 2.19% (variable) 31st March 20215.20%4.9% APRC £999 2 year discounted SVR (SVR minus 2.91%) 80%† 2.29% (variable) 31st March 20215.20%4.9% APRC £999
(Rates correct as at 13th December 2018)
* Standard Variable Rate
** Offset Variable Rate
*** Offset Variable Investment Housing Loan Rate
Representative Example
A mortgage of £423,765 payable over 16 years, initially on a fixed rate of 1.69% for 2 years and then our Standard Variable Rate, currently 5.2%, for the remaining 14 years. This would require 27 monthly payments of £597.21 and then 164 monthly payments of £1,834.13 plus one final payment of £1,831.94.
The total amount payable would be £743,992.93 made up of the loan amount plus interest (£318,753.93), arrangement fee (£499), valuation fee (£740), CHAPS/telegraphic transfer fee (£40) and security release fee (£195).
The overall cost for comparison is 4.7% APRC representative.
The Representative Example is for illustrative purposes only. It is representative of our full range of private interest only mortgages. Your actual costs and monthly repayments will vary depending on your mortgage. If you have refined your results using the tabs above, this example will no longer be representative.
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