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ExPat Buy to Let Mortgages
Our ExPat mortgage can offer a solution to help your client purchase or remortgage an investment property whilst they are living outside of the United Kingdom.
Product Name |
The overall cost for |
Rate structure based |
Availability |
Flexibility |
Fees |
Early Repayment Charges |
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3 year Buy to Let |
5.5% APRC |
4.44% variable for 3 years followed by Standard Variable |
Purchase & |
Overpayments up to 20% of the capital |
|
3% in years 1 & 2 , 2% in year 3 , plus a Closing Administration Fee (currently £100). |
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5 year Buy to Let
|
5.6% APRC |
4.99% variable for 5 years followed by Standard Variable
|
Purchase &
|
Overpayments up to 20% of the capital
|
|
3% in years 1 2, 3, and 4 then 2% in year 5, plus a Closing Administration Fee (currently £100).
|
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An example: A mortgage of £178,000 taken out for a period of 22 years on an interest only basis. Monthly instalments: £659.22 per month for 35 months, followed by £809.22 per month for 228 months. Total amount payable: £387,818.14 Total amount of credit: £178,000 The total amount payable includes product fee £1,780 valuation fee £285, administration fee £125, closing fee £100 and completion £75. The example relates to Product Code BDD018, is based on a typical mortgage and assumes that fees are not added to the mortgage. Please ask for a personalised illustration for your own particular requirements. We have no current plans to withdraw this product but it may be withdrawn without notice. Lending Criteria and Information
For further information, please contact the Mortgage Sales team on 01225 475702 or via email at intermediaries@bibs.co.uk |
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