Mortgage product
information.
Residential 5 Year Fixed Rate (Capital & Interest) – for purchase or remortgage up to 95% LTV
Mortgage details | |
---|---|
Initial rate | 5.35% |
Rate Type | Fixed |
Rate Term | 5 year |
APRC | 7.6% |
Standard rate | FIXED RATE of 5.35% until 5 years from completion date then changing to Suffolk Standard Variable Rate (currently 8.69%) for the remainder of the term |
Fees | Application Fee: Completion Fee: Valuation Fee: CHAPS (Fee for transfer of funds to solicitor): You can see how our fees are calculated by clicking here |
Maximum loan | £500,000 |
Maximum LTV | 95% |
Additional information | Fee free over-payments up to 50% of original loan. Early repayment charge of 5% applies until 5 years from completion |
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
Representative example
A mortgage of £136,885.00 payable over 27 years on initially on a fixed rate until 5 years from completion date at 5.35%, then our Standard Variable Rate currently at 8.69% for the remainder of the mortgage term. This would require 60 monthly payments of £805.48, followed by 264 payments of £1,062.04. The total amount payable would be £329,126.36 made up of the loan amount plus interest (£190,788.36), an application fee of £199, a completion fee of £999, 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 7.6% APRC representative.