Holiday Let 2 Year Fixed Rate – for purchase or remortgage up to 80% LTV
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
Remortgage – FREE
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 30/06/2024 [Remortgage only: fee assisted legals]
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
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.