Expat Buy To Let 5 Year Fixed Rate – for purchase or remortgage up to 80% LTV
FIXED RATE of 3.95% until 5 years following completion date, then changing to Suffolk Standard Variable Rate (currently 5.24%) for the remainder of the term
Remortgage – Based on property valuation
CHAPS (Fee for transfer of funds to solicitor):
Fee free over-payments up to 50% of original loan. Early repayment charge of 5% applies until 5 years from completion
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
A mortgage of £183,000 payable over 25 years initially on a fixed rate for a period of 60 months at 3.95%. This is followed by our Standard Variable Rate currently at 5.24% for the remainder of the mortgage term would require 60 monthly payments of £968.95, followed by 240 monthly payments of £1081.27. The total amount payable would be £318,115.80 made up of the loan amount plus interest (£133,107.80), an application fee of £199, a completion fee of £1,499, a valuation fee of £180, a mortgage discharge fee of £95 and a mortgage funds release fee of £35. The overall cost for comparison is 4.9% APRC representative.