Buy to Let - Expat Archives

We have 2 products available

Expat Holiday Buy to Let 2 Year Discounted Variable Rate – DIB079

Term	2 years
Initial Rate¹	6.39% variable
Overall Cost For Comparison²	8.9% APRC
MAX LTV³	75%
Early Repayment Charge	2% in Year 1, 1% in Year 2
Product Fees	£199 application fee, 1% completion fee

See Representative Example

The £199 Application Fee is non-refundable and payable at the point of application
The Completion Fee can be paid before completion or added to the loan. If the Completion Fee is added to the loan amount, interest will be charged on the amount of the fee and this will be reflected in the monthly repayment over the term of the mortgage

A £1,000 Completion Fee added to the loan amount would increase in value over the term of the mortgage and an illustrative example is provided below based on a static rate over a 10, 15 or 25 year term.

Fee Amount	Rate	Value of the fee with interest at 10 years	Value of the fee with interest at 15 years	Value of the fee with interest at 25 years
£1,000	8.89%	£1,889.00	£2,333.50	£3,222.50

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Expat Buy to Let 2 Year Discounted Variable Rate – DIB076

Term	2 years
Initial Rate¹	5.89% variable
Overall Cost For Comparison²	8.8% APRC
MAX LTV³	75%
Early Repayment Charge	2% in Year 1, 1% in Year 2
Product Fees	£199 application fee, 1% completion fee

See Representative Example

The £199 Application Fee is non-refundable and payable at the point of application
The Completion Fee can be paid before completion or added to the loan. If the Completion Fee is added to the loan amount, interest will be charged on the amount of the fee and this will be reflected in the monthly repayment over the term of the mortgage

Fee Amount	Rate	Value of the fee with interest at 10 years	Value of the fee with interest at 15 years	Value of the fee with interest at 25 years
£1,000	8.89%	£1,889.00	£2,333.50	£3,222.50

More details

Definitions

1. Initial Rate

The Initial Rate is the rate available during the initial term of the mortgage. Once the initial rate term has expired, the mortgage will either revert to our Standard Variable Rate (SVR), or a follow-on rate that is a discount off our SVR. Our SVR is set by us and is currently 8.89%, as a variable rate it may go up or down. Our follow-on rate is 1.74% below our SVR and is currently 7.15% variable. Our follow-on rate will go up or down with changes to our SVR.

2. Overall Cost for Comparison

The Overall Cost for Comparison is given as the Annual Percentage Rate of Charge (APRC) and includes all charges incurred relating to the mortgage. The APRC is intended to help you as a borrower compare the interest rates on different products.

3. Max LTV

Like all other mortgage lenders, we will allow you to borrow against a proportion of the overall property value. This is known as Loan to Value (LTV) and is expressed as a percentage. For example, if you want to purchase a property at £100,000 and you would like to borrow £85,000, then you will need a mortgage available at 85% Loan to Value (LTV). The available LTV can vary depending upon the type of mortgage. Shared Ownership mortgages will offer two percentages under LTV - the proportion of the property value and the proportion of the share being purchased.

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We have 2 products available

Expat Holiday Buy to Let 2 Year Discounted Variable Rate – DIB079

Fee Amount

Rate

Value of the fee with interest at 10 years

Value of the fee with interest at 15 years

Value of the fee with interest at 25 years

Expat Buy to Let 2 Year Discounted Variable Rate – DIB076

Fee Amount

Rate

Value of the fee with interest at 10 years

Value of the fee with interest at 15 years

Value of the fee with interest at 25 years

Definitions

1. Initial Rate

2. Overall Cost for Comparison

3. Max LTV

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