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Mortgage product
information.

Residential 5 Year Fixed Rate – for purchase or remortgage up to 90% LTV

Mortgage details

Initial rate

2.99%

Rate Type

Fixed

Rate Term

5 year

APRC

4.8%

Standard rate

FIXED RATE of 2.99% until 5 years from completion date then changing to Suffolk Standard Variable Rate (currently 5.54%)

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

£500,000

Maximum LTV

90%

Additional information

Fee free over-payments up to 50% of original loan. Early repayment charge of 5% applies until 5 years from completion [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 £108,500.00 payable over 28 years initially on a fixed rate until 5 years from completion date at 2.99%, then on our Standard Variable Rate currently at 5.54% for the remainder of the mortgage term. This would require 60 monthly payments of £481.66, followed by 276 monthly payments of £616.26. The total amount payable would be £199,406.36 made up of the loan amount plus interest (£89,453.36), 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 4.8% APRC representative.

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