Expat Holiday Let 2 Year Discount Rate – for purchase or remortgage up to 80% LTV
3.50% (SVR minus 2.04%)
STANDARD VARIABLE RATE of 5.54% with a discount of 2.04% until 2 years from completion then changing to Suffolk Standard Variable Rate (currently 5.54%) for the remainder of the term
Valuation Fee applies
CHAPS (Fee for transfer of funds to solicitor):
You can see how our fees are calculated by clicking here
Fee free over-payments up to 50% of original loan. Early repayment charge of 1% until 2 years from completion.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
A mortgage of £272,000.00 payable over 15 years on our Standard Variable Rate currently at 5.54% with a discount of 2.04%, giving a current rate payable of 3.50% for 24 months, then on our Standard Variable Rate currently at 5.54% for the remainder of the mortgage term. This would require 24 monthly payments of £1,955.45, followed by 156 payments of £2,205.19. The total amount payable would be £391,474.44 made up of the loan amount plus interest (£117,406.44), an application fee of £199, a completion fee of £1,499, a valuation fee of £240, a mortgage funds release fee of £35 and a mortgage exit fee of £95. The overall cost for comparison is 5.2% APRC representative.
Our decisions are made by experts, not computers. We need to calculate the financials, but we understand there’s more behind a mortgage than the numbers on a page. We can’t promise to lend to everyone and anyone, but we’ll consider most applications on an individual basis.
Ready to start? We’d love to hear from you. Get in touch with our friendly and knowledgeable team.
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Call 0330 123 0723