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Holiday Let - 2 Year Discount 80% LTV
Initial Interest Rate
6.49%
Maximum Loan To Value (LTV)
80%
Overall Cost for Comparison
8.50%
Product Code
IP217
The following is a representative example based on a mortgage of £142,472 payable over 25 years initially on a discounted variable rate of 6.49% for 2 years followed by our Standard Variable Rate of 8.49%. In this example you would make 24 monthly payments of £961.09 followed by 276 monthly payments of £1,135.81.
The total amount payable would be £338,323.72 made up of the loan amount plus interest of £194,077.72, and the following costs, a Scheme Fee of (£1499.00), a Chaps/Telegraphic Transfer fee (£25.00), a Valuation Fee (£175.00), 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.
First Time Landlord Holiday Let - 2 Year Discount 75% LTV
Initial Interest Rate
6.74%
Maximum Loan To Value (LTV)
75%
Overall Cost for Comparison
8.60%
Product Code
IP259
The following is a representative example based on a mortgage of £142,472 payable over 25 years initially on a discounted variable rate of 6.74% for 2 years followed by our Standard Variable Rate of 8.49%. In this example you would make 24 monthly payments of £983.46 followed by 276 monthly payments of £1,137.26.
The total amount payable would be £339,260.80 made up of the loan amount plus interest of £195,014.80 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 (£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.