Expat Residential Mortgage | DSE054
Our discount rate Expat Residential mortgage is available up to 80% LTV on repayment or 50% LTV on interest only. This product is available to those looking to purchase a home or remortgage. The minimum loan size permitted on this mortgage is £30,000 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 2.69% until 31.01.26 (discount of 3.01%), it then has a follow-on rate of 4.99% to 31.01.27 before reverting to our SVR, currently 5.70%.
Booking fee:
£299
Arrangement fee:
£799
Portability:
You can take your variable rate with you if you move house
Early repayment
charge:
3% to 31.01.23
3% to 31.01.24
3% to 31.01.25
2% to 31.01.26
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 £111,500 with an arrangement fee of £699 added to the loan payable over 25 years initially on a discounted variable rate for 3 years and 11 months at 2.69%, followed by our follow-on rate 4.99% for 1 year and finally our Standard Variable Rate (SVR) currently 5.70% for the remaining 20 years and 1 month would require 1 payment of £672.82 then 46 payments of £515.35 then 12 payments of £635.76 and 240 payments of £674.15. The total amount payable would be £193,979.04 which is made up of the loan amount plus interest of £81,605.04 and the following costs: Arrangement Fee of £699, Closure Fee of £150 and Telegraphic Transfer Fee of £25.
The overall cost for comparison is 4.8% APRC.