Expat Residential Mortgage | DSE057
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 2 years and 5 months at 2.49%, followed by our follow-on rate 4.99% for 3 years and finally our Standard Variable Rate (SVR) currently 5.70% for the remaining 19 years and 7 months would require 1 payment of £649.73 then 28 payments of £503.99 then 36 payments of £642.47 and 234 payments of £680.44. The total amount payable would be £197,288.33 which is made up of the loan amount plus interest of £84,914.33 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.