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Holiday Let - 2 Year Discount 80% LTV
Initial Interest Rate
6.74%
Maximum Loan To Value (LTV)
80%
Overall Cost for Comparison
8.90%
Product Code
IP217
The following is a representative example based on a mortgage of £160,000 payable over 25 years initially on a discounted variable rate of 6.74% for 2 years followed by our Standard Variable Rate of 8.74%. In this example you would make an initial payment of £1,340.22, then 23 monthly payments of £1104.50 followed by 276 monthly payments of £1,303.00.
The total amount payable would be £388,145.72 made up of the loan amount plus interest of £226,371.72 and the following costs, a Scheme Fee of (£1499.00), a Chaps/Telegraphic Transfer fee (£25.00), a Valuation Fee (£175), and a Mortgage Exit Administration Fee (£75.00).
The overall cost for comparison is 8.90% 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
6.99%
Maximum Loan To Value (LTV)
75%
Overall Cost for Comparison
8.80%
Product Code
IP259
The following is a representative example based on a mortgage of £160,000 payable over 25 years initially on a discounted variable rate of 6.99% for 2 years followed by our Standard Variable Rate of 8.74%. In this example you would make 24 monthly payments of £1,129.83 followed by 276 monthly payments of £1,304.34.
The total amount payable would be £388,912.76 made up of the loan amount plus interest of £227,113.76 and the following costs, a Scheme Fee of (£1499.00), a Chaps/Telegraphic Transfer fee (£25.00), a Valuation Fee (£200.00), and a Mortgage Exit Administration Fee (£75.00).
The overall cost for comparison is 8.80% APRC representative.
Note: What you will pay may vary from this and will depend on your personal circumstances.