Mortgage product
information.
Expat Residential 2 Year Discount Rate (Capital & Interest Repayment) – for purchase or remortgage up to 80% LTV
| Mortgage details | |
|---|---|
Initial rate | 5.39% (SVR minus 2.50%) |
Rate Type | Variable |
Rate Term | 2 year |
APRC | 7.6% |
Standard rate | STANDARD VARIABLE RATE of 7.89% with a discount of 2.50% until 2 years from completion date, then changing to Suffolk Standard Variable Rate (currently 7.89%). |
Fees | Application Fee: Completion Fee: Valuation Fee: Remortgage – Based on property valuation CHAPS (Fee for transfer of funds to solicitor): |
Maximum loan | £2m |
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 £247,000.00 payable over 20 years on our Standard Variable Rate currently at 7.89% with a discount of 2.50%, giving a current rate payable of 5.39% for 24 months, followed by our Standard Variable Rate currently at 7.89% for the remainder of the mortgage term. This would require 24 monthly payments of £1,690.82, followed by 216 payments of £2,027.12. The total amount payable would be £478,948.57 made up of the loan amount plus interest (£230,405.57), an application fee of £199, a completion fee of £999, a valuation fee of £215, a mortgage funds release fee of £35 and a mortgage exit fee of £95. The overall cost for comparison is 7.6% APRC representative.