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Private mortgages - interest only

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 relationship 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.

Representative Example

A mortgage of £274,512 payable over 12 years, initially on a fixed rate of 1.89% for 2 years and then our Standard Variable Rate, currently 4.70%, for the remaining 10 years. This would require 26 monthly payments of £432.69 and then 119 monthly payments of £1,073.05 plus one final payment of £275,584.36.

The total amount payable would be £416,411.25 made up of the loan amount plus interest (£140,014.91), arrangement fee (£999), valuation fee (£650), CHAPS/telegraphic transfer fee (£40) and security release fee (£195).

The overall cost for comparison is 4.2% APRC representative.

Your home may be repossessed if you do not keep up payments 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.

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Product name
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Max loan to value
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Initial rate
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Until
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Variable rate thereafter
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The overall cost for comparison is
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Arrangement fee
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Early repayment charge
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Customer type
5 Year Fixed Rate Buy To Let Private - Fee offer 75% 4.29% 31st July 2022 5.10% 5.0% APRC £0 Yes New Customer 35
5 Year Fixed Rate Buy To Let Private - Fee offer 75% 4.29% 31st July 2022 5.10% 5.0% APRC £0 Yes Existing Customer 35
2 Year Fixed Rate - Loans Over £1m Private 75% 1.74% 31st July 2019 4.70% 4.4% APRC £1999 Yes New Customer 40
2 Year Fixed Rate - Loans Over £1m Private 75% 1.74% 31st July 2019 4.70% 4.4% APRC £499 Yes Existing Customer 40
2 Year Fixed Rate - Loans Over £1m Private 80% 1.79% 31st July 2019 4.70% 4.4% APRC £1999 Yes New Customer 42
2 Year Fixed Rate - Loans Over £1m Private 80% 1.79% 31st July 2019 4.70% 4.4% APRC £499 Yes Existing Customer 42
5 Year Fixed Rate - Loans Over £1m Private 75% 2.49% 31st July 2022 4.70% 4.1% APRC £1999 Yes New Customer 44
5 Year Fixed Rate - Loans Over £1m Private 75% 2.49% 31st July 2022 4.70% 4.1% APRC £499 Yes Existing Customer 44
5 Year Fixed Rate - Loans Over £1m Private 80% 2.59% 31st July 2022 4.70% 4.2% APRC £1999 Yes New Customer 48
5 Year Fixed Rate - Loans Over £1m Private 80% 2.59% 31st July 2022 4.70% 4.2% APRC £499 Yes Existing Customer 48
5 Year Fixed Rate Buy To Let Private - Remortgage Special 75% 3.59% 31st July 2022 5.10% 4.7% APRC £0 Yes New Customer  
5 Year Fixed Rate Buy To Let Private - Remortgage Special 75% 3.59% 31st July 2022 5.10% 4.7% APRC £0 Yes Existing Customer  
5 Year Fixed Rate Buy To Let - Loans Over £1m Private 60% 3.79% 31st July 2022 5.10% 4.8% APRC £1,999 Yes New Customer 33
5 Year Fixed Rate Buy To Let - Loans Over £1m Private 60% 3.79% 31st July 2022 5.10% 4.8% APRC £499 Yes Existing Customer 33
2 Year Fixed Rate Buy To Let Private - Remortgage Special 75% 2.99% 31st July 2019 5.10% 4.9% APRC £0 Yes New Customer  
2 Year Fixed Rate Buy To Let Private - Remortgage Special 75% 2.99% 31st July 2019 5.10% 4.9% APRC £0 Yes Existing Customer  
2 Year Fixed Rate Buy To Let Private - Fee offer 75% 3.79% 31st July 2019 5.10% 5.1% APRC £0 Yes New Customer 32
2 Year Fixed Rate Buy To Let Private - Fee offer 75% 3.79% 31st July 2019 5.10% 5.1% APRC £0 Yes Existing Customer 32
2 Year Fixed Rate Buy To Let - Loans Over £1m Private 60% 3.09% 31st July 2019 5.10% 4.9% APRC £1,999 Yes New Customer 30
2 Year Fixed Rate Buy To Let - Loans Over £1m Private 60% 3.09% 31st July 2019 5.10% 4.9% APRC £499 Yes Existing Customer 30
2 Year Fixed Rate Buy To Let - Loans Over £750k Private 70% 3.89% 31st July 2019 5.10% 5.1% APRC £1999 Yes New Customer 31
2 Year Fixed Rate Buy To Let - Loans Over £750k Private 70% 3.89% 31st July 2019 5.10% 5.1% APRC £499 Yes Existing Customer 31
5 Year Fixed Rate Buy To Let - Loans Over £750k Private 70% 4.09% 31st July 2022 5.10% 4.9% APRC £1999 Yes New Customer 34
5 Year Fixed Rate Buy To Let - Loans Over £750k Private 70% 4.09% 31st July 2022 5.10% 4.9% APRC £499 Yes Existing Customer 34
2 Year Discounted Standard Variable Rate - Private (SVR Minus 2.91%) 75% 1.79% 31st July 2019 4.70% 4.5% APRC £999 Yes New Customer 4
2 Year Discounted Standard Variable Rate - Private (SVR Minus 2.91%) 75% 1.79% 31st July 2019 4.70% 4.5% APRC £499 Yes Existing Customer 4
2 Year Discounted Standard Variable Rate - Private (SVR Minus 2.81%) 80% 1.89% 31st July 2019 4.70% 4.5% APRC £999 Yes New Customer 5
2 Year Discounted Standard Variable Rate - Private (SVR Minus 2.81%) 80% 1.89% 31st July 2019 4.70% 4.5% APRC £499 Yes Existing Customer 5
2 Year Discounted Standard Variable Rate - Loans Over 1million - Private (SVR Minus 2.81%) 75% 1.89% 31st July 2019 4.70% 4.4% APRC £1,999 Yes New Customer 19
2 Year Discounted Standard Variable Rate - Loans Over 1 million - Private (SVR Minus 2.81%) 75% 1.89% 31st July 2019 4.70% 4.4% APRC £499 Yes Existing Customer 19
Offset 2 Year Discount (OVR Minus 2.21%) 75% 2.49% 31st July 2019 4.70% 4.6% APRC £999 Yes New Customer 6
Offset 2 Year Discount (OVR Minus 2.21%) 75% 2.49% 31st July 2019 4.70% 4.6% APRC £499 Yes Existing Customer 6
Offset 2 Year Discount (OVR Minus 2.01%) 80% 2.69% 31st July 2019 4.70% 4.6% APRC £999 Yes New Customer 7
Offset 2 Year Discount (OVR Minus 2.01%) 80% 2.69% 31st July 2019 4.70% 4.6% APRC £499 Yes Existing Customer 7
Offset 2 Year Discount - Loans Over £1m Private (OVR Minus 2.21%) 75% 2.49% 31st July 2019 4.70% 4.5% APRC £1,999 Yes New Customer 24
Offset 2 Year Discount - Loans Over £1m Private (OVR Minus 2.21%) 75% 2.49% 31st July 2019 4.70% 4.5% APRC £499 Yes Existing Customer 26
Offset 2 Year Discount - Loans Over £1m Private (OVR Minus 2.01%) 80% 2.69% 31st July 2019 4.70% 4.5% APRC £1,999 Yes New Customer 24
Offset 2 Year Discount - Loans Over £1m Private (OVR Minus 2.01%) 80% 2.69% 31st July 2019 4.70% 4.5% APRC £499 Yes Existing Customer 24
2 year discounted SVR - loans over £1m (SVR minus 2.71%) 80% 1.99% 31st July 2019 4.70% 4.4% APRC £1,999 Yes New Customer 22
2 year discounted SVR - loans over £1m (SVR minus 2.71%) 80% 1.99% 31st July 2019 4.70% 4.4% APRC £499 Yes Existing Customer 22
2 Year Fixed Rate Buy To Let 60% 2.99% 31st July 2019 5.10% 5.0% APRC £999 Yes New Customer 8
2 Year Fixed Rate Buy To Let 60% 2.99% 31st July 2019 5.10% 5.0% APRC £499 Yes Existing Customer 8
2 Year Fixed Rate Buy To Let 75% 3.89% 31st July 2019 5.10% 5.1% APRC £999 Yes New Customer 9
2 Year Fixed Rate Buy To Let 75% 3.89% 31st July 2019 5.10% 5.1% APRC £499 Yes Existing Customer 9
2 Year Fixed Rate Buy To Let 80% 4.79% 31st July 2019 5.10% 5.3% APRC £999 Yes New Customer 10
2 Year Fixed Rate Buy To Let 80% 4.79% 31st July 2019 5.10% 5.3% APRC £499 Yes Existing Customer 10
5 Year Fixed Rate Buy To Let 60% 3.69% 31st July 2022 5.10% 4.9% APRC £999 Yes New Customer 11
5 Year Fixed Rate Buy To Let 60% 3.69% 31st July 2022 5.10% 4.9% APRC £499 Yes Existing Customer 11
5 Year Fixed Rate Buy To Let 75% 4.09% 31st July 2022 5.10% 5.0% APRC £999 Yes New Customer 12
5 Year Fixed Rate Buy To Let 75% 4.09% 31st July 2022 5.10% 5.0% APRC £499 Yes Existing Customer 12
5 Year Fixed Rate Buy To Let 80% 4.99% 31st July 2022 5.10% 5.3% APRC £999 Yes New Customer 13
5 Year Fixed Rate Buy To Let 80% 4.99% 31st July 2022 5.10% 5.3% APRC £499 Yes Existing Customer 13
2 Year Fixed Rate 75% 1.59% 31st July 2019 4.70% 4.5% APRC £999 Yes New Customer 14
2 Year Fixed Rate 75% 1.59% 31st July 2019 4.70% 4.5% APRC £499 Yes Existing Customer 14
2 Year Fixed Rate 80% 1.79% 31st July 2019 4.70% 4.5% APRC £999 Yes New Customer 15
2 Year Fixed Rate 80% 1.79% 31st July 2019 4.70% 4.5% APRC £499 Yes Existing Customer 15
5 Year Fixed Rate 75% 2.49% 31st July 2022 4.70% 4.2% APRC £999 Yes New Customer 16
5 Year Fixed Rate 75% 2.49% 31st July 2022 4.70% 4.2% APRC £499 Yes Existing Customer 16
5 Year Fixed Rate 80% 2.69% 31st July 2022 4.70% 4.3% APRC £999 Yes New Customer 17
5 Year Fixed Rate 80% 2.69% 31st July 2022 4.70% 4.3% APRC £499 Yes Existing Customer 17

(Rates correct as at 13th April 2017)
* Standard Variable Rate
** Offset Variable Rate
*** Offset Variable Investment Housing Loan Rate