Mortgage product
information.
Green Additional Borrowing (Buy to Let) 2 Year Discount Rate – up to 80% LTV
| Mortgage details | |
|---|---|
Initial rate | 5.14% (SVR minus 3.30%) |
Rate Type | Variable |
Rate Term | 2 year |
APRC | 8.0% |
Standard rate | STANDARD VARIABLE RATE of 8.44% with a discount of 3.30% until 2 years following completion date, then changing to Suffolk Standard Variable Rate (currently 8.44%) |
Fees | Application Fee: Completion Fee: Valuation Fee: CHAPS (Fee for transfer of funds to solicitor):
|
Maximum loan | £40,000 |
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 date. For more information on our green further advance mortgages please click here. |
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
Representative example
A mortgage of £40,000.00 payable over 22 years on our Standard Variable Rate currently at 8.44% with a discount of 3.30%, giving a current rate payable of 5.14% for 24 months, then on our Standard Variable Rate currently at 8.44% for the remainder of the mortgage term. This would require 24 monthly payments of £253.51, followed by 240 payments of £328.03. The total amount payable would be £84,906.44 made up of the loan amount plus interest (£44,776.44), 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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Our decisions are made by experts, not computers. We need to calculate the financials, but we understand there’s more behind a mortgage than the numbers on a page. We can’t promise to lend to everyone and anyone, but we’ll consider most applications on an individual basis.
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