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Mortgage product
information.

Residential 3 Year Fixed Rate (Capital & Interest) – for purchase or remortgage up to 95% LTV

Mortgage details

Initial rate

3.19%

Rate Type

Fixed

Rate Term

3 year

APRC

4.9%

Standard rate

FIXED RATE of 3.19% until 30/06/2025 then reverting to 3.80% (Suffolk SVR minus 1.74%) until 30/09/2027 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 – Based on property valuation

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

You can see how our fees are calculated by clicking here

Maximum loan

£500,000

Maximum LTV

95%

Additional information

Fee free over-payments up to 50% of original loan. Early repayment charge of 3% applies until 30/06/25

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

Representative Example

A mortgage of £108,500.00 payable over 28 years initially on a fixed rate until 30/06/2025 at 3.19%, then on our Standard Variable Rate currently at 5.54% with a discount of 1.74%, giving a pay rate of 3.80% until 30/09/2027 (please note that the rate payable will never fall below 3%). This will be followed by our Standard Variable Rate currently at 5.54% for the remainder of the mortgage term. This would require 38 monthly payments of £493.38, followed by 27 monthly payments of £526.53, followed by 271 monthly payments of £619.64. The total amount payable would be £201,306.19 made up of the loan amount plus interest (£91,353.19), 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 4.9% APRC representative.

Get started

Enquire now.

Our decisions are made by experts, not computers. We need to calculate the financials, but we understand there’s more behind a mortgage than the numbers on a page. We can’t promise to lend to everyone and anyone, but we’ll consider most applications on an individual basis.

Ready to start? We’d love to hear from you. Get in touch with our friendly and knowledgeable team.

Prefer to talk?
Call 0330 123 0723

Mortgage enquiry










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