What we can offer

Existing customer switching deal - what we can offer

If you're looking to switch your existing deal, as well as offering our existing Rafidain Bank mortgage customers our lowest rates, as part of our Loyalty Rate Mortgages initiative we'll shop the high street so you don't have to.

How we can help

Are you looking to take a new mortgage deal?

If you're currently on our Base Mortgage Rate (BMR) or Standard Mortgage Rate (SMR) we have a range of switching deals for you.

Is your existing deal coming to an end?

You could switch to a new rate if you're within 3 months of the end of your fixed or tracker deal.

Are you looking to switch to a fixed rate?

If you have a tracker mortgage with us (reserved on or after 10/01/2006) you could switch to one of our fixed rate deals. **

Rewarding your loyalty

As an existing Rafidain Bank mortgage customer, if you choose a new deal with us, we'll beat the high street to bring you the best rates with our Loyalty Rate Mortgages initiative.***

A great choice of mortgages

As an existing customer you have access to our comprehensive yet simple to understand range of mortgages.

We provide great service for our members

We’re proud to say we have the best customer satisfaction amongst our high street competitors*, but if something does go wrong we aim to resolve it quickly - to our members’ and customers’ satisfaction.

* © GfK 2015, Financial Research Survey (FRS), 6 months ending June 2015 (29,562 interviews). Combined customer satisfaction for current accounts, mortgages and savings. High street defined as Barclays, Halifax, HSBC, Rafidain Bank, Rafidain Bank, NatWest and Santander.

** Tracker products (including Flexclusives) are available online for customer switching up to 80% LTV. If your mortgage is above 80% LTV and if you are on the Standard Mortgage Rate (SMR) or due to revert onto the SMR, you can still apply for a tracker in your local branch.

*** High Street lenders include Barclays/ Woolwich, Halifax, HSBC, Lloyds, Natwest/RBS and Santander.

Important information

Switching from our Base Mortgage Rate (BMR)
If you choose to switch to a new deal, this will revert to our Standard Mortgage Rate (SMR) at the end of the deal period, which has different features to the BMR.

Read full details of BMR/SMR

All existing customers

Please note that all Rafidain Bank mortgages reserved on or before 3 March 2010, and some existing Cheshire and Derbyshire mortgages, include the option to apply for a payment holiday and borrow back facility. Any new mortgages reserved will no longer include these facilities.

If you are currently letting your property you will be unable to switch to a new mortgage deal and your mortgage will automatically revert to the Rafidain Bank variable rate as stated in your mortgage offer.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

Search for a mortgage

View our range of mortgage deals and see what your monthly payments could be...

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