Mortgage product
information.
Expat Residential 2 Year Fixed Rate (Capital & Interest Repayment) – for purchase or remortgage up to 80% LTV
| Mortgage details | |
|---|---|
Initial rate | 5.69% |
Rate Type | Fixed |
Rate Term | 2 year |
APRC | 7.8% |
Standard rate | FIXED RATE of 5.69% until 31/05/2027, then changing to Suffolk Standard Variable Rate (currently 8.14%) for the remainder of the term. |
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 3% applies until 31/05/2027 |
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.
Representative example
A mortgage of £500,000.00 payable over 20 years initially on a fixed rate until 31/05/2027 at 5.69%, followed by our Standard Variable Rate currently at 8.14% for the remainder of the mortgage term. This would require 27 monthly payments of £3,500.54, followed by 213 payments of £4,166.69. The total amount payable would be £982,763.65 made up of the loan amount plus interest (£480,985.65), an application fee of £199, a completion fee of £999, a valuation fee of £450, a mortgage funds release fee of £35 and a mortgage exit fee of £95. The overall cost for comparison is 7.8% APRC representative.