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Holiday Let Mortgages
This type of mortgage is for existing borrowers, who currently have a Holiday Let Mortgage, whose product is coming to an end or need additional borrowing.
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Holiday Let - 2 Year Discount 80% LTV
Initial Interest Rate
6.54%
Maximum Loan To Value (LTV)
80%
Overall Cost for Comparison
8.50%
Product Code
R196
The following is a representative example based on a mortgage of £16,000 payable over 25 years initially on a discounted variable rate of 6.54% for 2 years followed by our Standard Variable Rate of 8.59%. In this example you would make 24 monthly payments of £1,084.33, followed by 276 monthly payments of £1,286.07.
The total amount payable would be £381,054.24 made up of the loan amount plus interest of £220,979.24, and a Mortgage Exit Administration Fee (£75.00).
The overall cost for comparison is 8.5% APRC representative
Note: What you will pay may vary from this and will depend on your personal circumstances.