Green Additional Borrowing (Residential) 2 Year Fixed Rate – up to 90% LTV
Fixed rate of 5.15% until 2 years following completion date, then reverting to 6.95% (SVR minus 1.74%) for 36 months, then changing to Suffolk Standard Variable Rate (currently 8.69%)
CHAPS (Fee for transfer of funds to solicitor):
You can see how our fees are calculated by clicking here
Fee free over-payments up to 50% of original loan. Early repayment charge of 3% 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
A mortgage of £12,000.00 payable over 5 years, initially on a fixed rate of 5.15% for 24 months, then on our Standard Variable Rate currently at 8.19% with a discount of 1.74%, giving a rate payable of 6.45% 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 8.19% for the remainder of the mortgage term. This would require 24 monthly payments of £227.94, followed by 36 payments of £232.42. The total amount payable would be £13,932.68 made up of the loan amount plus interest (£1,802.68), a mortgage funds release fee of £35 and a mortgage exit fee of £95. The overall cost for comparison is 6.2% APRC representative.
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.
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Call 0330 123 0723