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Holiday Let - 2 Year Discount 80% LTV
Initial Interest Rate
6.59%
Maximum Loan To Value (LTV)
80%
Overall Cost for Comparison
8.60%
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 6.59% for 2 years followed by our Standard Variable Rate of 8.59%. In this example you would make 24 monthly payments of £1,089.35 followed by 276 monthly payments of £1,286.39.
The total amount payable would be £382,962.04 made up of the loan amount plus interest of £221,188.04 and the following costs, a Scheme Fee of (£1,499.00), 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 8.6% 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
6.84%
Maximum Loan To Value (LTV)
75%
Overall Cost for Comparison
8.70%
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 6.84% for 2 years followed by our Standard Variable Rate of 8.59%. In this example you would make 24 monthly payments of £1,114.57 followed by 276 monthly payments of £1,288.02.
The total amount payable would be £384,042.20 made up of the loan amount plus interest of £222,243.20 and the following costs, a Scheme Fee of (£1,499.00), 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 8.7% APRC representative.
Note: What you will pay may vary from this and will depend on your personal circumstances.