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Bristol & West |
Part of the Bank of Ireland UK financial services group, Bristol & West offers a variety of financial products and services to private individuals, businesses and professional intermediaries.
Bristol & West have the following types of mortgages:
- Fixed Rate
- Variable Rate
- Standard Variable Rate
- Buy to Let
Fixed Rate: your mortgage rate will be fixed for an agreed interval of time. Bristol & West have fixed rate mortgages for 2, 3 and 5 years. Each product will then rebound to the Standard Variable Rate for the remaining term once the fixed rate period has concluded.
- An arrangement fee is applicable
- Other fees vary according to which product you choose
- The amount you can borrow depends on which product you choose
Variable Rate: your mortgage rate tracks Bristol & West's standard variable rate (which is set according to the Bank of England base rate). The rate can either rise or fall according to interest rates. You need to ensure you can afford a higher payment if interest rates increase. Rates are set at a discount off the standard variable rate for 2 years. After the discount period over the rate will then go back to the standard variable rate for the remaining mortgage term.
- An arrangement fee is applicable
- Other fees vary according to which product you choose
- The amount you can borrow depends on which product you choose
Standard Variable Rate: your mortgage rate is coupled with the Bank of England of base rate. The rate can either rise or fall according to interest rates. You need to ensure you can afford a higher payment if interest rates increase.
- There is no arrangement fee
- Other fees may be waived
Buy to Let: Bristol & West has the following types of Buy to Let mortgages, which are for people who want to buy another property with the purpose of letting it out:
- 3 or 5 year fixed mortgages
- Variable
After the fixed rate or variable discount period has concluded the mortgage rate goes back to a variable rate set above the Bank of England base rate.
- Fees and charges are different depending on which product you choose
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