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Mortgage product
information.

Expat Residential 2 Year Fixed Rate Large Loan (Capital & Interest Repayment) – for purchase or remortgage up to 80% LTV

Mortgage details

Initial rate

5.79%

Rate Type

Fixed

Rate Term

2 year

APRC

7.0%

Standard rate

FIXED RATE of 5.79% until 31/08/2026, then reverting to 6.95% (SVR minus 1.74%) until 30/11/2029 (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.

Fees

Application Fee:
£199

Completion Fee:
0.10%

Valuation Fee:
Purchase – Based on property valuation

Remortgage – Based on property valuation

CHAPS (Fee for transfer of funds to solicitor):
£35

For full details of our valuation fees, please contact us.

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 31/08/2026

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.

Representative example

A mortgage of £1,150,000.00 payable over 10 years initially on a fixed rate until 31/08/2026 at 5.79%, then on our Standard Variable Rate currently at 8.69% with a discount of 1.74%, giving a rate payable of 6.95% until 30/11/2029 (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 27 monthly payments of £12,659.45, followed by 39 payments of £13,196.55, followed by 54 payments of £13,697.30. The total amount payable would be £1,597,388.80 made up of the loan amount plus interest (£444,939.80), an application fee of £199, a completion fee of £1,150, a valuation fee of £970, a mortgage funds release fee of £35 and a mortgage exit fee of £95. The overall cost for comparison is 7.0% APRC representative.

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