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Holiday Let - 2 Year Discount 80% LTV
Initial Interest Rate
6.24%
Maximum Loan To Value (LTV)
80%
Overall Cost for Comparison
8.10%
Product Code
IP353
The following is a representative example based on a mortgage of £180,000 payable over 25 years initially on a discounted variable rate of 6.24% for 2 years followed by our Standard Variable Rate of 8.14%. In this example you would make 24 monthly payments of £1,186.29 followed by 276 monthly payments of £1,393.36.
The total amount payable would be £414,832.32 made up of the loan amount plus interest of £233,038.32 and the following costs, a Scheme Fee of (£1,499.00), a Chaps/Telegraphic Transfer fee (£25.00), a Valuation Fee (£220.00), and a Mortgage Exit Administration Fee (£50.00).
The overall cost for comparison is 8.1% APRC representative.
Note: What you will pay may vary from this and will depend on your personal circumstances.
First Time Landlord Holiday Let - 2 Year Discount 75% LTV
Initial Interest Rate
6.49%
Maximum Loan To Value (LTV)
75%
Overall Cost for Comparison
8.20%
Product Code
IP354
The following is a representative example based on a mortgage of £180,000 payable over 25 years initially on a discounted variable rate of 6.49% for 2 years followed by our Standard Variable Rate of 8.14%. In this example you would make 24 monthly payments of £1,214.25 followed by 276 monthly payments of £1,395.19.
The total amount payable would be £416,008.34 made up of the loan amount plus interest of £234,214.44 and the following costs, a Scheme Fee of (£1,499.00), a Chaps/Telegraphic Transfer fee (£25.00), a Valuation Fee (£220.00), and a Mortgage Exit Administration Fee (£50.00).
The overall cost for comparison is 8.2% APRC representative.
Note: What you will pay may vary from this and will depend on your personal circumstances.