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Mortgage product
information.

Green Additional Borrowing (Residential) 2 Year Discount Rate – up to 90% LTV

Mortgage details

Initial rate

1.99% (SVR minus 3.55%)

Rate Type

Variable

Rate Term

2 year

APRC

4.9%

Standard rate

STANDARD VARIABLE RATE of 5.54% with a discount of 3.55% until 2 years following completion date, then reverting to 3.80% (SVR minus 1.74%) for 36 months, then changing to Suffolk Standard Variable Rate (currently 5.54%)

Fees

Application Fee:
FREE

Completion Fee:
FREE

Valuation Fee:
N/A

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

You can see how our fees are calculated by clicking here

Maximum loan

£40,000

Maximum LTV

90%

Additional information

Fee free over-payments up to 50% of original loan. Early repayment charge of 1% applies until 2 years from completion date

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

Representative example

A mortgage of £35,000.00 payable over 39 years on our Standard Variable Rate currently at 5.54% with a discount of 3.55%, giving a current rate payable of 1.99% for 24 months, then on our Standard Variable Rate currently at 5.54% with a discount of 1.74%, giving a rate payable of 3.80% for 36 months (please note that the rate payable will never fall below 3%). This will be followed by our Standard Variable Rate currently at 5.54% for the remainder of the mortgage term. This would require 24 monthly payments of £107.69, followed by 36 payments of £141.99, followed by 408 payments of £177.04. The total amount payable would be £80,023.52 made up of the loan amount plus interest (£44,768.52), an application fee of £199, a completion fee of £125, a mortgage funds release fee of £35 and a mortgage exit fee of £95. The overall cost for comparison is 4.9% APRC representative.

Get started

Enquire now.

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.

Ready to start? We’d love to hear from you. Get in touch with our friendly and knowledgeable team.

Prefer to talk?
Call 0330 123 0723










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