5.94% Expat (1.75% discounted rate from follow on rate) for 2 years (XD0217)
Key things to bear in mind
- Purpose - Expat applications for Product Switch
- Discount - 1.75% applied to our Managed Mortgage Rate for 2 years
- Minimum Rate - 4.19%
- Loan to Value - 60%
- Application fee - £0 for Product Switches
- Legal fees - No legal fees for Product Switches
- Valuation Fees - £0
- ~Product Fee - £0 for Product Switches
- Early Repayment Charges - 2% in the first year, 1% in the second year
- Maximum loan - No maximum for product switches
- Minimum Loan - No minimum for product switches.
- Cost for comparison - 7.5% APRC.
Representative example
A mortgage of £165,075.00 payable over 8 years initially on a discounted variable rate for 2 years at 1.75% below our variable Managed Mortgage Rate and then on our variable Managed Mortgage Rate, currently 7.69% would require 23 monthly payments of £817.12 and 73 monthly payments of £1,057.26 plus one initial interest payment of £810.00.
The total amount payable would be £261,958.74 made up of the loan amount plus interest of £96,783.74 and a Mortgage Exit Fee of £100.
The overall cost for comparison is 7.5% APRC representative.
Case study - The Family Mortgage - helping first time buyers with small deposits
Choosing the Family Mortgage to buy their first home together
Over 125 years of helping people move in
For a long time we've been trusted to lend to a wide variety of people with a more small scale, personal approach as shown in our awards.
Contact our expert UK team
Existing customers
Savings - 03330 140144
savings.service@familybsoc.co.uk
Mortgages - 03330 140146
mortgage.service@familybsoc.co.uk
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