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Holiday Let - 2 Year Discount 80% LTV
Initial Interest Rate
6.39%
Maximum Loan To Value (LTV)
80%
Overall Cost for Comparison
8.30%
Product Code
IP353
The following is a representative example based on a mortgage of £142,472 payable over 25 years initially on a discounted variable rate of 6.39% for 2 years followed by our Standard Variable Rate of 8.29%. In this example you would make 24 monthly payments of £952.21 followed by 276 monthly payments of £1,117.18.
The total amount payable would be £332,943.72 made up of the loan amount plus interest of £188,722.72, and the following costs, a Scheme Fee of (£1,499.00), a Chaps/Telegraphic Transfer fee (£25.00), a Valuation Fee (£175.00), and a Mortgage Exit Administration Fee (£50.00).
The overall cost for comparison is 8.3% 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
6.64%
Maximum Loan To Value (LTV)
75%
Overall Cost for Comparison
8.40%
Product Code
IP354
The following is a representative example based on a mortgage of £142,472 payable over 25 years initially on a discounted variable rate of 6.64% for 2 years followed by our Standard Variable Rate of 8.29%. In this example you would make 24 monthly payments of £974.48 followed by 276 monthly payments of £1,118.62.
The total amount payable would be £333,875.64 made up of the loan amount plus interest of £189,654.64 and the following costs, a Scheme Fee of (£1,499.00), a Chaps/Telegraphic Transfer fee (£25.00), a Valuation Fee (£175.00), and a Mortgage Exit Administration Fee (£50.00).
The overall cost for comparison is 8.4% APRC representative.
Note: What you will pay may vary from this and will depend on your personal circumstances.