Mortgage product
information.
Expat Buy To Let 2 Year Discount Rate – for purchase or remortgage up to 80% LTV
| Mortgage details | |
|---|---|
Initial rate | 3.35% (SVR minus 1.89%) |
Rate Type | Variable |
Rate Term | 2 year |
APRC | 5.1% |
Standard rate | STANDARD VARIABLE RATE of 5.24% with a discount of 1.89% until 2 years from completion date, then changing to Suffolk Standard Variable Rate (currently 5.24%) |
Fees | Application Fee: Completion Fee: Valuation Fee: Remortgage – Based on property valuation CHAPS (Fee for transfer of funds to solicitor): |
Maximum loan | £750,000 |
Maximum LTV | 80% |
Additional information | 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
Representative example
A mortgage of £305,000.00 payable over 25 years initially on our Standard Variable Rate currently at 5.24% with a discount of 1.89% for 24 months, giving a current rate payable of 3.35%, then on our Standard Variable Rate for the remainder of the mortgage term would require 24 monthly payments of £1,510.03, followed by 276 monthly payments of £1,812.11. The total amount payable would be £536,947.08 made up of the loan amount plus interest (£229,849.08), an application fee of £199, a completion fee of £1,499, a valuation fee of £270, a mortgage discharge fee of £95 and a mortgage funds release fee of £35. The overall cost for comparison is 5.1% APRC representative.