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  2. Mortgages and lending
  3. Our mortgage types

Our mortgage types

We have a range of different mortgages to suit your needs

Fixed rate mortgage

Provides you with an agreed interest rate for a specified period of time. This means you repay a defined monthly amount for the fixed rate period, giving you certainty and helping with planning ahead and your budgeting.

Our fixed terms are 2, 3, 4, 5 and 10 years. We work together with you to understand your needs and circumstances to deliver the right solution for you.

At the end of the agreed term, your fixed rate reverts to the Handelsbanken Standard Variable Rate.

Tracker rate mortgage 

A tracker mortgage tracks the Handelsbanken Base Rate, so as this rises and falls your repayment will follow. This means you can take advantage of any falls in the Handelsbanken Base Rate, but you should be prepared if you need to make higher payments if interest rates go up. 

We offer 1, 2, 3 and 5 year tracker rate mortgages. At the end of the agreed term, your tracker rate will revert to the Handelsbanken Standard Variable Rate. 

Please note that the Handelsbanken Base Rate is based on the bank’s true cost of funding rather than tracking the Bank of England Base Rate, and they may not rise and fall in the same way.

Cashpool mortgage

Our Cashpool mortgages enable you to link your mortgage with your Handelsbanken savings and/or current account. These balances are used to offset the amount of interest charged on your mortgage, while retaining access to the money in your accounts. The result is that as well as reducing the amount of interest you pay overall, you will also either reduce the term of your mortgage (with a repayment mortgage) or reduce your monthly repayment (with an interest only mortgage).

Repayment types

Our advisors will discuss the various repayment methods available for your mortgage.

Repayment: You can pay both capital, which is the amount you borrowed, along with some interest each month, with payments designed to achieve full repayment of the mortgage by the end of the term.  

Interest only: You pay interest only during the term, and use funds from a separate source at the end of the term, to repay the balance. 

It is important to note that if you pay only the interest, then the outstanding balance will not reduce, and interest would be payable on the full amount throughout.

Mixed: Arrange combination of the two mortgage types.

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Find out more about becoming a Handelsbanken customer or call 0800 470 8000 to speak to our Customer Support team.
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To know more, please speak to your account manager at your local branch.

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Important information

Please note that mortgages are only available to persons aged 18 or over and are subject to status.

Security will be required for mortgages. Suitable life cover may also be required for mortgages.

Your home is at risk if you do not keep up repayments on a mortgage or other loans secured on it.