Standard Mortgages | Get Expert Advice from Key

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What is a mortgage?

A mortgage is a loan secured against your property. Most mortgages tend to run for 25 years, but if you thought you were too old for a standard mortgage or can't find a conventional one to meet your needs, that's where our expert mortgage advisers can help.

Mortgages are available to borrowers of all ages over 18
The loan term is based on your needs
The mortgage may be on a capital repayment or interest-only basis – there's also a retirement interest-only mortgage for those over 55 and in retirement
It's a loan secured against the value of your home
Mortgages can be used to buy a new property, re-mortgage an existing one, or release additional funds

How do they work?

Is a standard mortgage the right option for you?

Our standard mortgages are available to people aged 18 and over. The maximum loan-to-value (LTV) is 95%; this means you could get a mortgage for up to 95% of the value of your home. This is based on affordability, so we’ll calculate how much you can borrow based on your circumstances and see what payments you can make each month.

What are the requirements for a standard mortgage?

As a minimum, you’ll need to be able to prove your income through employment and/or pension, as well as make capital repayment or interest payments on an interest-only basis. One of our friendly qualified mortgage advisers can tell you if you qualify over the phone.

Types of interest rate

You will also need to think about which type of interest rate would work best for you: fixed or variable.

Fixed interest rate

A fixed-rate mortgage means your repayments will be the same for a fixed length of time, no matter how interest rates change across the market – this is normally between two to five years, though it can vary depending on the mortgage provider.

Variable interest rate

A variable interest rate means the rate you pay may go up or down depending on a number of factors. There are different variable-rate mortgages you can apply for from a number of different mortgage providers.

Key are here to help

To get your quick mortgage calculation use our free online calculator for instant results.

Get Your Calculation

You can find out if you qualify over the phone by speaking to one of our mortgage advisers

Arrange callback

Things to consider

A mortgage is a loan secured against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.

We charge an advice fee of 1.99% of the amount released, subject to a minimum of £1,499, usually payable when the mortgage completes.