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Mortgage product
information.

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

Mortgage details

Initial rate

4.59%

Rate Type

Fixed

Rate Term

2 year

APRC

5.0%

Standard rate

FIXED RATE of 4.59% until 30/11/2023, then reverting to 4.24% (Suffolk SVR minus 1%) until 28/02/2027 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:
Based on property valuation

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

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 30/11/2023 [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 £330,000.00 payable over 25 years initially on a fixed rate until 30/11/2023 at 4.59%, then on our Standard Variable Rate with a discount of 1.00% until 28/02/2027. This will be followed by our Standard Variable Rate currently at 5.24% for the remainder of the mortgage term. This would require 27 monthly payments of £1,856.95, followed by 39 monthly payments of £1,796.07, followed by 234 monthly payments of £1,950.85. The total amount payable would be £577,267.28 made up of the loan amount plus interest (£245,649.28), an application fee of £199, a completion fee of £999, a valuation fee of £290, a mortgage funds release fee of £35 and a mortgage discharge fee of £95. The overall cost for comparison is 5.0% APRC representative.

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