Mortgage product
information.
Additional Borrowing (Buy To Let) Standard Variable Rate – up to 80% LTV
| Mortgage details | |
|---|---|
Initial rate | 5.24% (SVR) |
Rate Type | Variable |
Rate Term | |
APRC | 6.0% |
Standard rate | STANDARD VARIABLE RATE of 5.24% for the life of the loan |
Fees | Application Fee: Completion Fee: Valuation Fee: CHAPS (Fee for transfer of funds to solicitor): |
Maximum loan | £500,000 |
Maximum LTV | 80% |
Additional information | Unlimited fee free overpayments |
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
Representative example
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.