Expat Residential 2 Year Fixed Rate (Capital & Interest Repayment) – for purchase or remortgage up to 80% LTV
FIXED RATE of 6.25% until 31/01/2026, then reverting to 6.95% (SVR minus 1.74%) until 30/04/2029 (please note this rate will never fall below 3%), then changing to Suffolk Standard Variable Rate (currently 8.69%) for the remainder of the term
Remortgage – Based on property valuation
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 3% applies until 31/01/2026
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
For additional information on our mortgages, including outline lending criteria, information on valuation fees and more, take a look at our useful guide.
A mortgage of £330,000.00 payable over 25 years initially on a fixed rate until 31/01/2026 at 6.25%, then on our Standard Variable Rate currently at 8.69% with a discount of 1.74%, giving a rate payable of 6.95% until 30/04/2029 (please note that the rate payable will never fall below 3%). This will be followed by our Standard Variable Rate currently at 8.69% for the remainder of the mortgage term. This would require 26 monthly payments of £2,183.73, followed by 39 payments of £2,320.56, followed by 235 payments of £2,637.50. The total amount payable would be £767,675.32 made up of the loan amount plus interest (£436,057.32), an application fee of £199, a completion fee of £999, a valuation fee of £290, a mortgage funds release fee of £35 and a mortgage exit fee of £95. The overall cost for comparison is 8.0% APRC representative.