Representative example: A mortgage of £92,600.00 taken out for a period of 25 years on an interest only basis.
Monthly instalments: £423.65 per month for 23 months, followed by £604.12 per month for 276 months.
Total amount payable: £270,930.07
Total amount of credit: £92,600.00
The total amount payable includes a valuation fee of £250.00 , a product fee of £1,499.00 and a closing fee of £100.
The overall cost for comparison is 7.9% representative APRC.
This example is based on our Holiday Let (Limited Company) , 2 year discount mortgage. It is based on our current Standard Variable Rate of 7.79% with no fees added to the mortgage.

Please ask for a personalised illustration for your own particular requirements.

• Availability – Purchase & Remortgage up to 80% Loan To Value (LTV). Minimum deposit of 20% required.
• Flexibility – Overpayments up to 20% of the capital balance as at 1st January are allowed in each calendar year without penalty.
• Portable.

For full repayment of a 5 year fixed product, you will pay 3% of the outstanding balance in years 1, 2, 3 & 4; 2% in year 5, plus a Closing Administration Fee (currently £100).

For overpayments of a 5 year fixed product, you will pay 3% on any amount exceeding your 20% limit in year 1, 2, 3 & 4, 2% in year 5.

For full repayment of a 2 year fixed or discounted product, you will pay 3% of the outstanding balance in the first year and 2% in the second year, plus a Closing Administration Fee (currently £100).

For overpayments of a 2 year fixed or discounted product, you will pay 3% on any amount exceeding your 20% limit in the first year and 2% in the second year.

• Valuation fee.
• Product fee £999 for individual applications and £1,499 for limited company applications.

Lending Criteria and Information