There is an arrangement fee of £295 payable when booking a fixed or capped rate. This secures the rate you have chosen for a period of 3 months. This means that even if we change the fixed rate or it is withdrawn from sale, we will still honour the rate agreed with you. This fee is non-refundable.

Fixed rate mortgages are subject to availability of funds. We would advise that, where a rate is chosen, funds are booked as soon as possible. The maximum amount for a fixed rate mortgage is normally £500,000, however applications in excess of this amount will be considered on an individual basis.

Typical example: based on a capital repayment mortgage of £75,000 (property valued at £100,000). For each example there are 300 monthly repayments, the arrangement fee of 0.5% of the loan, booking fee of £295 in the case of a fixed rate, solicitors and valuation fees of £470, other Bank fees of £100 and life assurance premiums of £10.71 per month. The early repayment will be incurred if the mortgage is repaid in full of if a different Royal Bank mortgage is switched to during the period shown. At the end of the fixed rate the Bank's standard variable Mortgage Rate will apply, which is currently 5.95%. No account has been taken of any future changes in the Bank's mortgage rate which we may change at any time. The maximum early repayment charge based on these examples is £300.