Interest rates
To keep your monthly repayments affordable, you only need to pay the interest each month.
The balance of the loan is repayable when your mortgage term ends.
Unlock better rates
With Peculiar you could unlock better rates with your bank.
Total LTV 95%: you only need 5% deposit
Peculiar Loan LTV - how much do you need?
Blended rate illustration 1
Combined initial rate when paired with main lender
4.63%
Peculiar initial rate
Rate for the first 5 years
8.49%
Main lender rate @ 70% LTV 1
Rate unlocked with a 25% LTV Peculiar loan
3.58%
Blended rate illustration 1
Combined initial rate when paired with main lender
4.00%
Peculiar initial rate
5.99% for the first 2 years
8.49% for the 3 years following
5.99%
Main lender rate @ 70% LTV 1
Rate unlocked with a 25% LTV Peculiar loan
3.58%
Blended rate illustration 1
Combined initial rate when paired with main lender
4.48%
Peculiar initial rate
Rate for the first 5 years
8.49%
Main lender rate @ 75% LTV 1
Rate unlocked with a 20% LTV Peculiar loan
3.71%
Blended rate illustration 1
Combined initial rate when paired with main lender
3.98%
Peculiar initial rate
5.99% for the first 2 years
8.49% for the 3 years following
5.99%
Main lender rate @ 75% LTV 1
Rate unlocked with a 20% LTV Peculiar loan
3.71%
Blended rate illustration 1
Combined initial rate when paired with main lender
4.24%
Peculiar initial rate
Rate for the first 5 years
8.49%
Main lender rate @ 80% LTV 1
Rate unlocked with a 15% LTV Peculiar loan
3.71%
Blended rate illustration 1
Combined initial rate when paired with main lender
3.87%
Peculiar initial rate
5.99% for the first 2 years
8.49% for the 3 years following
5.99%
Main lender rate @ 80% LTV 1
Rate unlocked with a 15% LTV Peculiar loan
3.71%
Blended rate illustration 1
Combined initial rate when paired with main lender
4.10%
Peculiar initial rate
Rate for the first 5 years
8.49%
Main lender rate @ 85% LTV 1
Rate unlocked with a 15% LTV Peculiar loan
3.83%
Blended rate illustration 1
Combined initial rate when paired with main lender
3.85%
Peculiar initial rate
5.99% for the first 2 years
8.49% for the 3 years following
5.99%
Main lender rate @ 85% LTV 1
Rate unlocked with a 15% LTV Peculiar loan
3.83%
Our interest rates range between 5.99% - 8.49% depending on individual circumstances and the home you’re looking to buy.
Our most common rate is 8.49% as illustrated in the representative example below.
Illustrative starting monthly payments assume an 80% LTV mortgage @3.96% 2 year fixed rate repaid over 35 years, plus a 10% LTV top-up second charge mortgage @5.99% fixed rate for 2 years followed by 8.49% fixed rate for 3 years interest-only reverting to a variable rate of Bank of England base rate + 9.99% (currently 11.24%). These are compared to the starting monthly payments of a 95% LTV 5 year fixed rate mortgage @4.06% repaid over 35 years and a 75% LTV mortgage @3.71% 5 year fixed rate repaid over 35 years, plus a 20% LTV top-up second charge mortgage @5.99% fixed rate for 2 years followed by 8.49% fixed rate for 3 years interest-only (interest rates and CPIH as of 29 July 2022).
A second charge interest-only mortgage of £60,000, for a property purchase of £400,000, payable over 5 years would require 24 fixed monthly payments of £299.50 followed by 36 fixed monthly payments of £424.50. This is based on an initial fixed interest rate for 2 years of 5.99% followed by 3 years at a fixed interest rate of 8.49% after which time the interest rate reverts to 11.24% variable (Bank of England base rate, currently 1.25%, plus 9.99%) for the remaining 2 years.
Assuming that the home value increases by 8.2% per annum (current CPIH) to £593,193 then at redemption in year 5 the shared equity amount due is £88,979 (original capital balance of £60,000 plus an additional shared equity increase of £28,979). The total amount payable would be £112,548 (loan amount including a £999 product fee paid upfront, plus £22,470 interest, plus the shared equity element and a £100 discharge fee). The overall cost for comparison is 15.4% APRC.
If the property value decreases to £380,000 at redemption, the shared equity element due would be £57,000 and the total amount payable would be £80,569. The overall cost for comparison is 7.2% APRC.
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