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Mortgage product
information.

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

Mortgage details

Initial rate

5.39%

Rate Type

Fixed

Rate Term

2 year

APRC

7.9%

Standard rate

FIXED RATE of 5.39% until 31/08/2026 then reverting to 6.95% (Suffolk SVR minus 1.74%) until 30/11/2029 (please note this rate will not fall below 3%), then changing to Suffolk Standard Variable Rate (currently 8.69%) 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 31/08/2026 [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 £136,885.00 payable over 27 years initially on a fixed rate until 31/08/2026 at 5.39%, then on our Standard Variable Rate currently at 8.69% with a discount of 1.74%, giving a pay rate of 6.95% until 30/11/2029 (please note that the rate payable will never fall below 3%). This will be followed by our Standard Variable Rate currently at 8.69% for the remainder of the mortgage term. This would require 27 monthly payments of £808.83, followed by 39 monthly payments of £935.77, followed by 258 monthly payments of £1,073.05. The total amount payable would be £335,634.34 made up of the loan amount plus interest (£197,261.34), an application fee of £199, a completion fee of £999, a valuation fee of £160, a mortgage funds release fee of £35 and a mortgage exit fee of £95. The overall cost for comparison is 7.9% APRC representative.

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