Expat Buy to Let Mortgage | DSX482
Our discount rate Expat Buy to Let mortgage is available up to 65% LTV on repayment or 60% LTV on interest only. The minimum loan size permitted on this mortgage is £100,000 and the maximum loan size permitted is £750,000.
Mortgage rates correct as of 14 February 2022
Interest rate:
The variable rate for this mortgage is 2.44% until 31.08.24 (discount of 3.41%), it then reverts to our SVR, currently 5.85%.
Booking fee:
£299
Arrangement fee:
0.40% of advance
Portability:
You can take your variable rate with you if you move house
Early repayment
charge:
3% to 31.08.22
3% to 31.08.23
2% to 31.08.24
Overpayments:
Yes, up to 5% of the original loan per 12 month period
Basic valuation fee:
Free up to property value £500,000 thereafter charges apply
Legal fees:
Fee assisted remortgage legals
REPRESENTATIVE EXAMPLE
A mortgage of £218,000 with the arrangement fee of £872 added to the loan payable over 25 years initially on a discounted variable rate for 2 years and 6 months at 2.44%, followed by our Standard Variable Rate (SVR) currently 5.85% for the remaining 22 years and 5 months would require 1 payment of £1,256.24 then 29 payments of £977.66 and 269 payments of £1,352.48. The total amount payable would be £393,600.50 which is made up of the loan amount plus interest of £174,553.50 and the following costs: Arrangement Fee of £872, Closure Fee of £150 and Telegraphic Transfer Fee of £25.
The overall cost for comparison is 5.2% APRC.