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Mortgage product
information.

Holiday Let 2 Year Fixed Rate – for purchase or remortgage up to 80% LTV

Mortgage details

Initial rate

3.65%

Rate Type

Fixed

Rate Term

2 year

APRC

5.4%

Standard rate

FIXED RATE of 3.65% until 30/06/2024, then changing to Suffolk Standard Variable Rate (currently 5.54%) for the remainder of the term

Fees

Application Fee:
£199

Completion Fee:
£999

Valuation Fee:
Purchase – Based on property valuation

Remortgage – FREE

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

You can see how our fees are calculated by clicking here

Maximum loan

£1m

Maximum LTV

80%

Additional information

Fee free over-payments up to 50% of original loan. Early repayment charge of 3% applies until 30/06/2024 [Remortgage only: fee assisted legals]

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

Representative example

A mortgage of £180,000.00 payable over 25 years initially on a fixed rate until 30/06/2024 at 3.65%, then on our Standard Variable Rate currently at 5.54% for the remainder of the mortgage term. This would require 26 monthly payments of £920.93, followed by 274 monthly payments of £1,101.45. The total amount payable would be £326,215.48 made up of the loan amount plus interest (£144,707.48), an application fee of £199, a completion fee of £999, a valuation fee of £180, a mortgage funds release fee of £35 and a mortgage exit fee of £95. The overall cost for comparison is 5.4% APRC representative.

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