Reach Mortgages

Our Reach Mortgages are a range of fixed rate mortgages. They’re here to help put home ownership in reach of more people who may otherwise face barriers to buying a home.

Why might I be offered a Reach Mortgage?

We might offer you a Reach Mortgage if:

You want to buy a new home or remortgage your current home
You want a mortgage with a loan to value (LTV) of more than 75%, and
Your credit score means you’re not eligible for our standard Fixed Rate mortgage products

What’s different about a Reach Mortgage?

The details and benefits are the same as our standard Fixed Rate mortgages, but the interest rate is higher.

Can I apply for a Reach Mortgage?

No, you can’t apply for a Reach Mortgage. We may offer you a Reach Mortgage product if you don't meet the criteria for our standard Fixed Rate mortgages.

Your property could be repossessed if you don't keep up your mortgage repayments.

Reach 2 Year Fixed Rate Mortgages

Initial rate fixed up to and inc. 28/02/2027	Then changing to the Society's SVR less a discount of 0.75%, up to and inc. 28/02/2030, (currently)	Then the Society's SVR thereafter, (currently)	Overall cost for comparison (APRC)	Max LTV	Product Fee
4.97%	7.49%	8.24%	7.7%	80%	£999
Max loan amount £1,000,000
5.28%	7.49%	8.24%	7.7%	80%	£0
Max loan amount £1,000,000
5.64%	7.49%	8.24%	7.8%	85%	£0
Max loan amount £1,000,000
6.26%	7.49%	8.24%	7.9%	90%	£0
Max loan amount £700,000

Purchase Only Reach 2 Year Fixed Rate Mortgages

Initial rate fixed up to and inc. 28/02/2027	Then changing to the Society's SVR less a discount of 0.75%, up to and inc. 28/02/2030, (currently)	Then the Society's SVR thereafter, (currently)	Overall cost for comparison (APRC)	Max LTV	Product Fee
4.83%	7.49%	8.24%	7.7%	80%	£999
Max loan amount £1,000,000
5.10%	7.49%	8.24%	7.7%	80%	£0
Max loan amount £1,000,000
5.17%	7.49%	8.24%	7.7%	85%	£999
Max loan amount £1,000,000
5.33%	7.49%	8.24%	7.7%	85%	£0
Max loan amount £1,000,000
5.62%	7.49%	8.24%	7.8%	90%	£0
Max loan amount £700,000

Cashback Purchase Only Reach 2 Year Fixed Rate Mortgages

Initial rate fixed up to and inc. 28/02/2027	Then changing to the Society's SVR less a discount of 0.75%, up to and inc. 28/02/2030, (currently)	Then the Society's SVR thereafter, (currently)	Overall cost for comparison (APRC)	Max LTV	Product Fee
6.03%	7.49%	8.24%	7.9%	95%	£0
Max loan amount £600,000 / £500 Cashback upon completion

RATES CORRECT AS AT 20 november 2024

Representative Example

A mortgage of £150,000.00 payable over 25 years initially on a fixed rate for 2 years at 6.03% and then a 0.75% discount on our current Standard Variable Rate of 8.24% giving a rate of 7.49% for 3 years and then on our current Standard Variable Rate of 8.24% for the remaining 20 years would require 24 monthly payments of £968.20, 36 monthly payments of £1098.28 and 240 monthly payments of £1161.66.

The total amount payable would be £341,608.28 made up of the loan amount plus interest of £191,573.28 and application fee £0, product fee £0, valuation fee £0, funds transfer fee £35.

The overall cost for comparisons is 7.9% APRC representative.

This representative example assumes a mortgage completion date on the 1st day of a calendar month.

The above representative example is for illustration purposes only and may vary depending on your personal circumstances.

This example has been calculated on a Capital & Interest repayment method. The monthly payments, total amount payable and interest charged all reflect this calculation method.

Key details about this product range

Unless otherwise indicated, these products are only available for house purchases or for customers remortgaging from another lender.
A product fee is payable on application (where applicable) but is refundable should the mortgage not complete.
A mortgage exit fee of £199 will apply.
Tapered Early Repayment Charges may apply.
Interest calculated daily.
These products are not available to interest only applications.
The products and services on this site are available to UK residents only.
Mortgage applicants must be 18 years or over.
Mortgages are subject to eligibility, status and financial standing.

Reach 3 Year Fixed Rate Mortgages

Initial rate fixed up to and inc. 29/02/2028	Then changing to the Society's SVR less a discount of 0.75%, up to and inc. 28/02/2030, (currently)	Then the Society's SVR thereafter, (currently)	Overall cost for comparison (APRC)	Max LTV	Product Fee
5.34%	7.49%	8.24%	7.5%	85%	£0
Max loan amount £1,000,000

Purchase Only Reach 3 Year Fixed Rate Mortgages

Initial rate fixed up to and inc. 29/02/2028	Then changing to the Society's SVR less a discount of 0.75%, up to and inc. 28/02/2030, (currently)	Then the Society's SVR thereafter, (currently)	Overall cost for comparison (APRC)	Max LTV	Product Fee
5.09%	7.49%	8.24%	7.4%	85%	£0
Max loan amount £1,000,000
5.73%	7.49%	8.24%	7.6%	95%	£0
Max loan amount £600,000

RATES CORRECT AS AT 20 november 2024

Representative Example

A mortgage of £180,000.00 payable over 25 years initially on a fixed rate for 3 years at 5.73% and then a 0.75% discount on our current Standard Variable Rate of 8.24% giving a rate of 7.49% for 2 years and then on our current Standard Variable Rate of 8.24% for the remaining 20 years would require 36 monthly payments of £1129.05, 24 monthly payments of £1309.51 and 240 monthly payments of £1385.08.

The total amount payable would be £404,528.24 made up of the loan amount plus interest of £224,493.24 and application fee £0, product fee £0, valuation fee £0, funds transfer fee £35.

The overall cost for comparisons is 7.6% APRC representative.

This representative example assumes a mortgage completion date on the 1st day of a calendar month.

The above representative example is for illustration purposes only and may vary depending on your personal circumstances.

This example has been calculated on a Capital & Interest repayment method. The monthly payments, total amount payable and interest charged all reflect this calculation method.

Key details about this product range

Unless otherwise indicated, these products are only available for house purchases or for customers remortgaging from another lender.
A product fee is payable on application (where applicable) but is refundable should the mortgage not complete.
A mortgage exit fee of £199 will apply.
Tapered Early Repayment Charges may apply.
Interest calculated daily.
These products are not available to interest only applications.
The products and services on this site are available to UK residents only.
Mortgage applicants must be 18 years or over.
Mortgages are subject to eligibility, status and financial standing.

Reach 5 Year Fixed Rate Mortgages

Initial rate fixed up to and inc. 28/02/2030	Then the Society's SVR thereafter, (currently)	Overall cost for comparison (APRC)	Max LTV	Product Fee
4.65%	8.24%	6.9%	80%	£999
Max loan amount £1,000,000
5.02%	8.24%	7.0%	85%	£0
Max loan amount £1,000,000
5.42%	8.24%	7.2%	90%	£0
Max loan amount £700,000

Purchase Only Reach 5 Year Fixed Rate Mortgages

Initial rate fixed up to and inc. 28/02/2030	Then the Society's SVR thereafter, (currently)	Overall cost for comparison (APRC)	Max LTV	Product Fee
4.55%	8.24%	6.9%	80%	£999
Max loan amount £1,000,000
4.81%	8.24%	6.9%	85%	£0
Max loan amount £1,000,000
5.11%	8.24%	7.1%	90%	£0
Max loan amount £700,000
5.39%	8.24%	7.2%	95%	£0
Max loan amount £600,000

RATES CORRECT AS AT 20 november 2024

Representative Example

A mortgage of £180,000.00 payable over 25 years initially on a fixed rate for 5 years at 5.39% and then on our current Standard Variable Rate of 8.24% (variable) for the remaining 20 years would require 60 monthly payments of £1092.44 and 240 monthly payments of £1364.34.

The total amount payable would be £393,023.00 made up of the loan amount plus interest of £212,988.00 and application fee £0, product fee £0, valuation fee £0, funds transfer fee £35.

The overall cost for comparison is 7.2% APRC representative.

This representative example assumes a mortgage completion date on the 1st day of a calendar month.

The above representative example is for illustration purposes only and may vary depending on your personal circumstances.

This example has been calculated on a Capital & Interest repayment method. The monthly payments, total amount payable and interest charged all reflect this calculation method.

Key details about this product range

Unless otherwise indicated, these products are only available for house purchases or for customers remortgaging from another lender.
A product fee is payable on application (where applicable) but is refundable should the mortgage not complete.
A mortgage exit fee of £199 will apply.
Tapered Early Repayment Charges may apply.
Interest calculated daily.
These products are not available to interest only applications.
The products and services on this site are available to UK residents only.
Mortgage applicants must be 18 years or over.
Mortgages are subject to eligibility, status and financial standing.

Fees

Application Fee (payable on application - non-refundable)

£0

Mortgage Exit Fee

£199

Our mortgage calculators

Affordability calculator

Get an idea of how much you could borrow, based on your income and spending.

Repayment calculator

Work out how much you'd need to pay each month towards your mortgage.

Book an appointment

If you want to speak to our mortgage team about your options, book a telephone appointment online. Just click the 'Book an appointment online' button.

We'll ask you questions during your appointment. This is to help us understand your circumstances and affordability.

Our qualified advisors will recommend the most suitable product for you. Whether it's a Reach Mortgage or one of our other products, they’ll guide you through.

If you need help or support with an existing application, call us on 03450 505 062.