Near Prime

Resi Banner-01

Near Prime Mortgages
(now available to all brokers)

 

We offer residential mortgages to customers who have a credit history which would make them ineligible for a mortgage from our Prime range, typically owing to recent or historic adverse credit history, or lack of available credit. 

  • 90% LTV available
  • No value limits on CCJs, arrears and defaults
  • Communication, utility and mail order: Performance ignored where the account balance is less than £500 (single or aggregate) 
  • Contractors accepted up to Max LTV 85%. No minimum income required
  • 1 year self-employed is acceptable

Product Selector: Find out your client's rate

Please select all fields from the below dropdowns regarding your clients situation to find out which product set you need to select.

Reset all fields Show Rates

Alternatively, you can use our table to select your client's product

   Near Prime 1 Near Prime 2  Near Prime 3
CCJs  0 in the last 24 months**. 0 in the last 12 months**
(1 in the last 24 months**)
0 in the last 6 months**
(1 in the last 24 months**)
Defaults  0 in the last 24 months**. 0 in the last 12  months**
(1 in the last 24 months**)
0 in the last 6 months**
(2 in the last 24 months**) 
Missed Mortgage/ Secured Loan Payments  0 in the last 12 months and currently up to date.  0 in the last 12 months and currently up to date.  0 in the last 6 months and currently up to date. 
Unsecured Arrears 2 in the last 12 months and currently up to date 2 in the last 12 months and currently up to date 2 in the last 12 months and currently up to date
Maximum Status Currently up to date. Previous maximum status ignored Currently up to date. Previous maximum status ignored Currently up to date. Previous maximum status ignored
Communication, Utility and Mail Order Performance ignored where the account balance is less than £500 (single or in aggregate) Performance ignored where the account balance is less than £500 (single or in aggregate) 
Performance ignored where the account balance is less than £500 (single or in aggregate) 
Debt Management Plan Satisfactorily conducted for a minimum of 12 months Satisfactorily conducted for a minimum of 12 months Satisfactorily conducted for a minimum of 12 months
IVA/ DRO/ Bankruptcy  Not acceptable  >6 years discharged
>3 years discharged
Repossessions Not acceptable  Not acceptable  Not acceptable 
Max LTV  90%  85% 80%
View rates View rates View rates

**Must be satisfied prior to mortgage application. Ignore if one of the following apply:

  • Satisfied >12 months
  • <£300 in total and satisfied prior to application
  • Registered >24 months whether satisfied or not


Near Prime 1

LTV Mortgage type Term Initial rate Product fee Early repayment charge* Product code
85% Discounted Variable28 2 3.44% 0.50% 3% in years one and two 01317 KNPA1802
85% Fixed 2 3.39% 0.50% 3% in years one and two 01318 KNPA1802
85% Fixed 5 3.79% 0.50% 5% in year one, 4% in year two and 3% in years three, four and five 01319 KNPA18F5
90% Discounted Variable29 2 4.04% 0.50% 3% in years one and two 01320 KNPA1802
90% Fixed 2 3.99% 0.50% 3% in years one and two 01321 KNPA1802
90% Fixed 5 4.39% 0.50% 5% in year one, 4% in year two and 3% in years three, four and five 01322 KNPA18F5
282.89% | 292.29%
Minimum loan £50,000, maximum loan £500,000. Minimum property value of £75,000 is applicable. When LTV exceeds 75% a minimum loan of £100,000 is applicable. Subject to eligibility please view Near Prime 1 table. 

Subject to eligibility please view Near Prime 2 on the Lending Criteria page.


The Standard variable rate (the revert rate) is 6.33%. 
Application fee £130 payable at time of application. This is to cover assessing and processing the application (even if the application is unsuccessful or is withdrawn). Please note that applications will not be processed until this fee is received. 

Please see the product terms and conditions.
Calculate affordability


Near Prime 2

LTV Mortgage type Term Initial rate Product fee Early repayment charge* Product code
65% Discounted Variable30 2 3.94% 0.50% 3% in years one and two 01323 KNPB1802
65% Fixed 2 3.89% 0.50% 3% in years one and two 01324 KNPB1802
65% Fixed 5 4.29% 0.50% 5% in year one, 4% in year two and 3% in years three, four and five 01325 KNPB18F5
75% Discounted Variable31 2 4.44% 0.50% 3% in years one and two 01326 KNPB1802
75% Fixed 2 4.39% 0.50% 3% in years one and two 01327 KNPB1802
75% Fixed 5 4.79% 0.50% 5% in year one, 4% in year two and 3% in years three, four and five 01328 KNPB18F5
85% Discounted Variable32
2 4.84% 0.50% 3% in years one and two 01329 KNPB1802
85% Fixed 2 4.79% 0.50% 3% in years one and two  01330 KNPB1802
85% Fixed 5 5.29% 0.50% 5% in year one, 4% in year two and 3% in years three, four and five
01331 KNPB18F5
302.39% | 311.89  | 321.49% 
Minimum loan £50,000, maximum loan £500,000. When LTV exceeds 75% a minimum loan of £100,000 is applicable. Minimum property value of £75,000 is applicable. Subject to eligibility please view Near Prime 2 table.

Subject to eligibility please view Near Prime 1 on the Lending Criteria page.


The Standard variable rate (the revert rate) is 6.33%. 
Application fee £130 payable at time of application. This is to cover assessing and processing the application (even if the application is unsuccessful or is withdrawn). Please note that applications will not be processed until this fee is received.

Please see the product terms and conditions.

Calculate affordability


Near Prime 3

LTV Mortgage type Term Initial rate Product fee Early repayment charge* Product code
65% Discounted Variable33 2 4.24% 0.50% 3% in years one and two 01332 KNPC1802
65% Fixed 2 4.19% 0.50% 3% in years one and two 01333 KNPC1802
65% Fixed 5 4.59% 0.50% 5% in year one, 4% in year two and 3% in years three, four and five 01334 KNPC18F5
75% Discounted Variable34 2 4.84% 0.50% 3% in years one and two 01335 KNPC1802
75% Fixed 2 4.79% 0.50% 3% in years one and two 01336 KNPC1802
75% Fixed 5 5.19% 0.50% 5% in year one, 4% in year two and 3% in years three, four and five 01337 KNPC18F5
80% Discounted Variable35
2 5.24% 0.50% 3% in years one and two 01338 KNPC1802
80% Fixed 2 5.29% 0.50% 3% in years one and two  01339 KNPC1802
80% Fixed 5 5.69% 0.50% 5% in year one, 4% in year two and 3% in years three, four and five
01340 KNPC18F5
332.09% | 341.49  | 351.09% 
Minimum loan £50,000, maximum loan £500,000. When LTV exceeds 75% a minimum loan of £100,000 is applicable. Minimum property value of £75,000 is applicable. Subject to eligibility please view Near Prime 3 table.

Subject to eligibility please view Near Prime 3 on the Lending Criteria page.


The Standard variable rate (the revert rate) is 6.33%. 
Application fee £130 payable at time of application. This is to cover assessing and processing the application (even if the application is unsuccessful or is withdrawn). Please note that applications will not be processed until this fee is received.

Please see the product terms and conditions.

Calculate affordability

Product terms and conditions

  • All of our products are subject to availability and may be withdrawn at any time.
  • *ERCs may be incurred for full redemption or repayment of capital.
  • These products are only available on a repayment basis. Interest-only or part repayment/part interest-only may be available only by exception.
  • At the end of any initial deal, the interest rate will revert to the Standard variable rate.
  • The Standard variable rate can vary in line with the general level of interest rates and economic conditions.
  • If your client makes any lump sum payments or repays the loan within a special deal period, an early repayment charge may be payable. Please refer to the early repayment charge section of the table for details. Payments up to a maximum of £499 per month can be made without incurring an early repayment charge.
  • A list of our fees and charges accompanies all Mortgage Illustrations.
  • The minimum mortgage term is 5 years and the maximum is 35 years.
  • The maximum loan size is £500,000
  • 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.
  • These mortgage products are portable. Even if your client moves home during the initial special deal period of a mortgage, the remaining benefits (up to the outstanding balance of their existing mortgage) of that special deal can be transferred to their 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 your client borrows.
  • All mortgage products are subject to availability of funds and can be withdrawn at any time.

For interest-only or part repayment/part-interest only, it is your client's responsibility to ensure they 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. Maximum age at the end of the mortgage term is 85. Written quotations are available on request.

OneSavings Bank plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (registered number 530504) for general insurance intermediation and regulated mortgages

YOUR CLIENT'S HOME MAY BE REPOSSESSED IF THEY DO NOT KEEP UP REPAYMENTS ON THEIR MORTGAGE


Find a BDM

Find and contact your BDM

Call 01634 835791
Speak to a member of our Broker Liaison Team

View our
newsletter archive

View all

Help Desk 01634 835791

Hours: 9am-5pm

BTL calculator

* Fill in either:* or Please complete highlighted fields

Rental required

£1,700 Clear all

Calculated at 5% interest rate

View all Buy to let options