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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

3.79%

Rate Type

Fixed

Rate Term

2 year

APRC

5.1%

Standard rate

FIXED RATE of 3.79% until 30/11/2023, then changing to Suffolk Standard Variable Rate (currently 5.24%) 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

Maximum loan

£500,000

Maximum LTV

80%

Additional information

Fee free over-payments up to 50% of original loan. Early repayment charge of 3% applies until 30/11/2023 [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 £183,000.00 payable over 25 years initially on a fi xed rate until 30/11/2023 at 3.79%. This will be followed by our Standard Variable Rate currently at 5.24% for the remainder of the mortgage term. This would require 26 monthly payments of £950.19, followed by 274 monthly payments of £1,090.53. The total amount payable would be £323,984.16 made up of the loan amount plus interest (£139,476.16), 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 discharge fee of £95. The overall cost for comparison is 5.1% APRC representative.

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