Additional Borrowing (Buy To Let) Standard Variable Rate – up to 80% LTV
STANDARD VARIABLE RATE of 5.24% for the life of the loan
CHAPS (Fee for transfer of funds to solicitor):
Unlimited fee free overpayments
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
A mortgage of £22,000.00 payable over 10 years on our Standard Variable Rate currently at 5.24% would require 120 monthly payments of £237.65. The total amount payable would be £28,812.00 made up of the loan amount plus interest (£6,358.00), an application fee of £199, a completion fee of £125. a mortgage discharge fee of £95 and a mortgage funds release fee of £35. The overall cost for comparison is 5.8% APRC representative.