Mortgage product
information.
Expat Holiday Let 2 Year Fixed Rate – for purchase or remortgage up to 80% LTV
| Mortgage details | |
|---|---|
Initial rate | 5.99% |
Rate Type | Fixed |
Rate Term | 2 year |
APRC | 8.4% |
Standard rate | FIXED RATE of 5.99% until 31/12/2026, then changing to Suffolk Standard Variable Rate (currently 8.44%) for the remainder of the term |
Fees | Application Fee: Completion Fee: Valuation Fee applies CHAPS (Fee for transfer of funds to solicitor): For full details of our valuation fees, please contact us. |
Maximum loan | £1m |
Maximum LTV | 80% |
Additional information | Fee free over-payments up to 50% of original loan. Early repayment charge of 3% until 31/12/2026. |
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
Representative Example
A mortgage of £90,000 payable over 25 years initially on a fixed rate until 31/12/2026 at 5.99%, then on our Standard Variable Rate currently at 8.44% for the remainder of the mortgage term. This would require 27 monthly payments of £589.20, followed by 273 payments of £723.84. The total amount payable would be £213,935.72 made up of the loan amount plus interest (£121,982.72), an application fee of £199, a completion fee of £1,499, a valuation fee of £125, a mortgage funds release fee of £35 and a mortgage exit fee of £95. The overall cost for comparison is 8.4% APRC representative.
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Our decisions are made by experts, not computers. We need to calculate the financials, but we understand there’s more behind a mortgage than the numbers on a page. We can’t promise to lend to everyone and anyone, but we’ll consider most applications on an individual basis.
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