Mortgages - LIVING FOR LESS
Introducing our innovative new mortgage package, Living for Less.
Take out a year’s Direct Line home insurance along with your
mortgage and get our lowest mortgage rates, biggest home insurance
discounts and free home emergency cover for two years.
Click here for Direct Line Mortgage Rates
Take out any Direct Line mortgage and, if you're an existing home
insurance customer or you choose to switch to Direct Line in the
next 12 months, you'll benefit from an extra 20% off Direct Line's
best home insurance price plus free home emergency cover
(Total Response excluding heating) - both for two years.
Fixed Rate Mortgages:
Pay the same each month for a set period of 2, 3 or 5 years
No need to worry about what happens to interest rates during the
fixed period
Overpay by up to 10% each year during the fixed period, with no
upper limit after that (minimum £200)
When your deal ends, your interest rate will only go up or down
with the Bank of England base rate
There’s an arrangement fee of £499
Early repayment charges apply if you repay more than 10% of your
mortgage during the fixed rate period and a £195 charge applies if
you repay in full before the end of the mortgage term.
5 year fixed Mortgage
Your mortgage payments won't change during the fixed period
Overpay by up to 10% of your initial borrowing each year during
this time – without charge
No upper limit on overpayments once the fixed period ends
The minimum overpayment is £200
Borrow up to 95% of the property value or purchase price –
whichever is lower
If you’re borrowing more than 90% of your property value or
purchase price (whichever is lower), there’s a higher lending
charge of 1.5% of your total borrowing
We work out the interest each day – saving you money
Repay how you want – interest only, repayment or mixed
Switch your existing mortgage to us – or take out a new mortgage
to buy a house
When your fixed period finishes, you'll pay just 1.5% above the
Bank of England base rate (see site for the current rate you’d
pay) and when the base rate changes, your rate will change too –
by the same amount and always within 5 days
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