Additional Borrowing (Buy To Let) Discount Rate – up to 80% LTV
6.30% (SVR minus 2.39%)
STANDARD VARIABLE RATE of 8.69% with a discount of 2.39% until 2 years from completion date, then changing to Suffolk Standard Variable Rate (currently 8.69%)
CHAPS (Fee for transfer of funds to solicitor):
You can see how our fees are calculated by clicking here
Fee free over-payments up to 50% of original loan. Early repayment charge of 1% applies until 2 years from completion.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
A mortgage of £65,000.00 payable over 10 years on our Standard Variable Rate currently at 8.69% with a discount of 2.39%, giving a current rate payable of 6.30% for 24 months, then on our Standard Variable Rate currently at 8.69% for the remainder of the mortgage term. This would require 24 monthly payments of £733.27, followed by 96 monthly payments of £799.57. The total amount payable would be £94,651.20 made up of the loan amount plus interest (£29,197.20), an application fee of £199, a completion fee of £125, a mortgage funds release fee of £35 and a mortgage exit fee of £95. The overall cost for comparison is 8.2% APRC representative.