Expat Residential Mortgage | DSE055
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
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 3.09%, 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 £719.46 then 46 payments of £538.52 then 12 payments of £639.67 and 240 payments of £678.30. The total amount payable would be £196,134.42 which is made up of the loan amount plus interest of £83,760.42 and the following costs: Arrangement Fee of £699, Closure Fee of £150 and Telegraphic Transfer Fee of £25.
The overall cost for comparison is 5.0% APRC.