Important Update:

Please note that due to scheduled essential maintenance, our broker portal will be unavailable between the hours of 5pm on Saturday 19 October and 12:05am on Monday 21 October 2019. We apologise for any inconvenience caused.

Product Finder

Near prime mortgages

Our near prime mortgages are for clients with adverse credit history or a lack of credit.

  • No value limits on CCJs, arrears and defaults
  • Contractors > 85% LTV
  • One year self-employed acceptable

Product selector: Find out your client's rate

Select all fields below with information about your client

CCJs
Defaults
Missed mortgage payments
IVA/DRO/bankruptcy

Near prime 1

Near_Prime_1

    • CCJs and defaults must be paid prior to application
    • Min loan £50,000 (or £100,000 over 75% LTV)
    • Maximum loan £1,000,000
    • Debt management plans satisfactory for 12 months
    • Repossessions and bankruptcies aren't acceptable
    • Minimum property value £75,000
MSV LTV Mortgage type Term Initial rate Product fee ERC Product code
N/A 85% Discounted variable 2 3.44% 0.5%

Yes

01317 KNPA1802
N/A 85% Fixed 2 3.39% 0.5%

Yes

01318 KNPA1802
N/A 85% Fixed 5 3.79% 0.5%

Yes

01319 KNPA18F5
N/A 90% Discounted variable 2 4.04% 0.5%

Yes

01320 KNPA1802
N/A 90% Fixed 2 3.99% 0.5%

Yes

01321 KNPA1802
N/A 90% Fixed 5 4.39% 0.5%

Yes

01322 KNPA18F5
MSV LTV Type Rate Term Product fee ERC Product code
N/A 85% Discounted variable 3.44% 2 0.5%

Yes

01317 KNPA1802
N/A 85% Fixed 3.39% 2 0.5%

Yes

01318 KNPA1802
N/A 85% Fixed 3.79% 5 0.5%

Yes

01319 KNPA18F5
N/A 90% Discounted variable 4.04% 2 0.5%

Yes

01320 KNPA1802
N/A 90% Fixed 3.99% 2 0.5%

Yes

01321 KNPA1802
N/A 90% Fixed 4.39% 5 0.5%

Yes

01322 KNPA18F5

Near prime 2

Near_Prime_2

    • CCJs and defaults must be paid prior to application
    • Min loan £50,000 (or £100,000 over 75% LTV)
    • Maximum loan £1,000,000
    • Debt management plans satisfactory for 12 months
    • Repossessions aren't acceptable
    • Minimum property value £75,000
MSV LTV Mortgage type Term Initial rate Product fee ERC Product code
N/A 70% Discounted variable 2 3.94% 0.5%

Yes

01422 KNPB1901
N/A 70% Fixed 2 3.89% 0.5%

Yes

01423 KNPB1901
N/A 70% Fixed 5 4.29% 0.5%

Yes

01424 KNPB19F5
N/A 75% Discounted variable 2 4.44% 0.5%

Yes

01326 KNPB1802
N/A 75% Fixed 2 4.39% 0.5%

Yes

01327 KNPB1802
N/A 75% Fixed 5 4.79% 0.5%

Yes

01328 KNPB18F5
N/A 85% Discounted variable 2 4.84% 0.5%

Yes

01329 KNPB1802
N/A 85% Fixed 2 4.79% 0.5%

Yes

01330 KNPB1802
N/A 85% Fixed 5 5.29% 0.5%

Yes

01331 KNPB18F5
MSV LTV Type Rate Term Product fee ERC Product code
N/A 70% Discounted variable 3.94% 2 0.5%

Yes

01422 KNPB1901
N/A 70% Fixed 3.89% 2 0.5%

Yes

01423 KNPB1901
N/A 70% Fixed 4.29% 5 0.5%

Yes

01424 KNPB19F5
N/A 75% Discounted variable 4.44% 2 0.5%

Yes

01326 KNPB1802
N/A 75% Fixed 4.39% 2 0.5%

Yes

01327 KNPB1802
N/A 75% Fixed 4.79% 5 0.5%

Yes

01328 KNPB18F5
N/A 85% Discounted variable 4.84% 2 0.5%

Yes

01329 KNPB1802
N/A 85% Fixed 4.79% 2 0.5%

Yes

01330 KNPB1802
N/A 85% Fixed 5.29% 5 0.5%

Yes

01331 KNPB18F5

Near prime 3

Near_Prime_3

    • CCJs and defaults must be paid prior to application
    • Minimum loan £50,000 (or £100,000 over 75% LTV)
    • Maximum loan £1,000,000
    • Debt management plans satisfactory for 12 months
    • Repossessions aren't acceptable
    • Lending up to 85 years old at the end of the term
MSV LTV Mortgage type Term Initial rate Product fee ERC Product code
N/A 70% Discounted variable 2 4.24% 0.5%

Yes

01425 KNPC1901
N/A 70% Fixed 2 4.19% 0.5%

Yes

01426 KNPC1901
N/A 70% Fixed 5 4.59% 0.5%

Yes

01427 KNPC19F5
N/A 75% Discounted variable 2 4.84% 0.5%

Yes

01335 KNPC1802
N/A 75% Fixed 2 4.79% 0.5%

Yes

01336 KNPC1802
N/A 75% Fixed 5 5.19% 0.5%

Yes

01337 KNPC18F5
N/A 80% Discounted variable 2 5.24% 0.5%

Yes

01338 KNPC1802
N/A 80% Fixed 2 5.29% 0.5%

Yes

01339 KNPC1802
N/A 80% Fixed 5 5.69% 0.5%

Yes

01340 KNPC18F5
MSV LTV Type Rate Term Product fee ERC Product code
N/A 70% Discounted variable 4.24% 2 0.5%

Yes

01425 KNPC1901
N/A 70% Fixed 4.19% 2 0.5%

Yes

01426 KNPC1901
N/A 70% Fixed 4.59% 5 0.5%

Yes

01427 KNPC19F5
N/A 75% Discounted variable 4.84% 2 0.5%

Yes

01335 KNPC1802
N/A 75% Fixed 4.79% 2 0.5%

Yes

01336 KNPC1802
N/A 75% Fixed 5.19% 5 0.5%

Yes

01337 KNPC18F5
N/A 80% Discounted variable 5.24% 2 0.5%

Yes

01338 KNPC1802
N/A 80% Fixed 5.29% 2 0.5%

Yes

01339 KNPC1802
N/A 80% Fixed 5.69% 5 0.5%

Yes

01340 KNPC18F5

Terms and conditions

These products are available for capital repayment, part capital repayment and part interest only.

Please note: asset backed interest only is not available for near prime mortgages

All mortgage products are subject to availability of funds and can be withdrawn at any time.

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. Payments up to a maximum of £499 per month can be made without incurring an early repayment charge.

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.

For interest only or part repayment/part interest only, it's 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.

Download the full mortgage terms and conditions.

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

Please rotate your device to Landscape

This content is best experienced with your device in landscape mode. Please rotate your device for optimal display.

Please rotate your device to Portrait

This content is best experienced with your device in portrait mode. Please rotate your device for optimal display.