Additional Borrowing (Buy To Let) Standard Variable Rate – up to 80% LTV
STANDARD VARIABLE RATE of 8.69% for the life of the loan
CHAPS (Fee for transfer of funds to solicitor):
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Unlimited fee free overpayments
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 a 8.69% for the mortgage term. This would require 120 monthly payments of £814.53. The total amount payable would be £98,037.60 made up of the loan amount plus interest (£32,583.60), 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 9.2% APRC representative.