Search
Contact Us
Second Home Mortgages
Our Second Home Mortgage is designed to support customers who are purchasing a second home or residential property that will be used as a commuter home, a weekend home or a home for dependents to live in.
Our mortgages
You can mark products as favourites, allowing you to gather all your favourited items for a comparison.
Second Homes - 2 Year Discount 85% LTV
Initial Interest Rate
5.72%
Maximum Loan To Value (LTV)
85%
Overall Cost for Comparison
7.41%
Product Code
DP511
The following is a representative example based on a mortgage of £180,000 payable over 25 years initially on a discounted variable rate of 5.72% for 2 years, a further discounted variable rate of 6.39% for 4 years, followed by our Standard Variable Rate of 8.14%. In this example you would make 1 payment of £2,010.84, 22 monthly payments of £1,136.33, 48 payments of £1,198.53, 224 monthly payments of £1,360.85 and 1 payment of £493.48.
The total amount payable would be £391,157.42 made up of the loan amount plus interest of £209,863.42 and the following costs, a Scheme Fee of (£999.00), 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 7.41% APRC representative.
Note: What you will pay may vary from this and will depend on your personal circumstances.