2 Year Fixed Rate at 5.83% - Holiday Let
Product Overview
Initial fixed rate for 2 years
5.83%
Maximum LTV
65%
The overall cost for comparison is
8.6%
APRCProduct Fee
£995
Your home may be repossessed if you do not keep up repayments on your mortgage.
PRODUCT CODE - HLFIX80
This is a 5.83% 2 year fixed rate mortgage. A 35% deposit is required.
This mortgage is only available for product switches.
An early repayment charge will apply if you repay all or part of your mortgage within the first 2 years. This charge will be applied on a sliding scale of 3% in the first year and 2% in the second year. However a maximum of 10% overpayment is allowed in each 12 month anniversary period within the first 2 years.
The minimum loan amount is £20,000 and the maximum loan amount is £1,000,000.
The maximum term available is 40 years.
There may be other fees and charges when taking out a mortgage with us – please see mortgage fees and charges for more information
Representative Example
A mortgage of £150,000 payable over 23 years initially on a fixed rate for 2 years at 5.83% and then on our Mortgage Variable Rate (MVR) of 8.69% (variable) for the remaining 21 years would require 24 monthly payments of £733.58 and 252 monthly payments of £1,093.46.
The total amount payable would be £444,272.84 made up of the loan amount plus interest (£443,157.84), an application fee of £995 and a Mortgage Discharge Fee of £120.00.
The overall cost for comparison is 8.6% APRC representative.
Please note the example above is for a product switch on an interest only repayment basis.
Apply Now
Call our mortgage team now to apply for a mortgage, or send us a message to request a call back at a convenient time for you.
Call us on 0800 220 568 Request a callback