Mortgage product
information.
Holiday Let 2 Year Fixed Rate – for purchase or remortgage up to 80% LTV
| Mortgage details | |
|---|---|
Initial rate | 5.80% |
Rate Type | Fixed |
Rate Term | 2 year |
APRC | 8.5% |
Standard rate | FIXED RATE of 5.80% until 30/06/2026, then changing to Suffolk Standard Variable Rate (currently 8.69%) for the remainder of the term |
Fees | Application Fee: Completion Fee: Valuation Fee: Remortgage – FREE CHAPS (Fee for transfer of funds to solicitor): 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 30/06/2026 [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 £90,000.00 payable over 25 years initially on a fixed rate until 30/06/2026 at 5.80%, then on our Standard Variable Rate currently at 8.69% for the remainder of the mortgage term. This would require 26 monthly payments of £575.45, followed by 274 monthly payments of £733.68. The total amount payable would be £216,409.02 made up of the loan amount plus interest (£124,956.02), an application fee of £199, a completion fee of £999, a valuation fee of £125, a mortgage funds release fee of £35 and a mortgage exit fee of £95. The overall cost for comparison is 8.5% APRC representative.