Notes about our mortgage products

  • Bank of England Base Rate is currently 0.50% per annum.
  • The Bank’s Standard variable rate is currently 6.08% per annum.
  • These products are only available on a repayment basis. Interest only or part repayment / part interest only may only be available by exception.
  • At the end of any initial special deal, the interest rate will revert to the Bank's Standard variable rate.
  • If you make any lump sum payments of £500 or more, over and above your normal monthly payment, or repay the loan within a special deal period, an early repayment charge may be payable.  Please refer to the individual product page for details.
  • A list of our fees and charges accompany all Key Facts Illustrations (KFI).
  • All schemes are portable and, subject to our lending criteria at the time of any future move, can be transferred to a new loan for the remaining term if you move house.
  • The minimum mortgage term is 5 years and the maximum 25.
  • Interest is added to the mortgage account for the period from the date the loan is made until the last day of that month. Thereafter, interest is charged monthly on the balance outstanding at the end of the last month. Payments in excess of the required monthly payment will have the effect of reducing the balance outstanding and the amount of interest to be paid.
  • The mortgage rate can vary in line with the general level of interest rates and economic conditions. The quoted Annual Percentage Rate (APR) takes no account of any change in the interest rate during the mortgage term.
  • All the Bank’s mortgage products are subject to availability of funds and can be withdrawn at any time.

Portability

All of our mortgage schemes and products are portable. Even if you move home during the initial special deal period of a mortgage, the remaining benefits (up to the outstanding balance of your existing mortgage) of that special deal can be transferred to your new mortgage with us, subject to our lending criteria at the time of any move. In this case, any early repayment charges will not be charged but the existing rate will not apply to any additional funds that you borrow.

Benefits

Discount on Home Insurance arranged through Kent Reliance.

At the end of any special deal

The rate will revert to the Bank's Standard variable rate (currently 6.08%)

Important information

If you choose interest-only or part repayment/part interest-only, it is your responsibility to ensure you have sufficient funds available at the end of the term with which to repay the loan.

All loans are subject to availability, status, valuation and approval, and are available in England and Wales only. Applicants must be aged 18 or over unless otherwise stated and security will be required on the property. Written quotations available on request. For customer service and training purposes, calls to Kent Reliance may be monitored and/or recorded.

OneSavings Bank Plc is authorised and regulated by the Financial Services Authority for general insurance and regulated mortgages and is covered by the Financial Ombudsman Service. Kent Reliance is a trading name of OneSavings Bank Plc.

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