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Mortgage product
information.

Expat Residential 5 Year Fixed Rate (Interest Only) – for purchase or remortgage up to 80% LTV

Mortgage details

Initial rate

5.89%

Rate Type

Fixed

Rate Term

5 year

APRC

8.0%

Standard rate

FIXED RATE of 5.89% until 5 years following completion date, then changing to Suffolk Standard Variable Rate (currently 8.69%) for the remainder of the term

Fees

Application Fee:
£199

Completion Fee:
£999

Valuation Fee:
Purchase – Based on property valuation

Remortgage – Based on property valuation

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

You can see how our fees are calculated by clicking here

Maximum loan

£750,000

Maximum LTV

80%

Additional information

Fee free over-payments up to 50% of original loan. Early repayment charge of 5% applies until 5 years from completion.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

Representative example

A mortgage of £305,000.00 payable over 25 years on initially on a fixed rate until 5 years from completion date at 5.89%, then our Standard Variable Rate currently at 8.69% for the remainder of the mortgage term. This would require 60 monthly payments of £1,502.12, followed by 240 payments of £2,215.96. The total amount payable would be £928,555.60 made up of the loan amount plus interest (£621,957.60), an application fee of £199, a completion fee of £999, a valuation fee of £270, a mortgage funds release fee of £35 and a mortgage exit fee of £95. The overall cost for comparison is 8.0% APRC representative.

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