Second/Holiday Homes |
This mortgage is for the purchase of an additional property which will either be Each enquiry is considered individually. Mortgages can be arranged on either a short or long-term basis depending on individual requirements. We can also take into account various sources of income, such as investment and rental income, as well as the borrower's main income. Key features of this mortgage |
occupied by a member of the family or simply used as a holiday retreat or a pied-a-terre.| Minimum loan: | £10,000 |
| Maximum loan: | £1,000,000 |
| Value of property: | Not less than £75,000 |
| Max Loan to Value: | 75% of the property value |
| Current variable rate: | 7.19% * |
| Overall cost for comparison: | 7.50% APR * |
| Portable: | Yes |
| Ages: | Minimum 18 - no maximum |
| Income capacity: | Based on affordability |
| Valuation fee: | See Scale |
| Property location: | England and Wales |
| Repayment methods: | Repayment, interest-only, part & part |
| Administration Fee: | £25 |
| Available for new purchase: | Yes |
| Available for remortgage: | Yes |
| Early repayment charge: | For the first 3 years |
| Deeds Release fee: | £50 |
| Redemption fee: | £75 |
* The actual rate payable will depend upon your client's individual circumstances, please ask for a personalised illustration. To discuss your client's requirements, either complete our on-line Enquiry form or telephone our Mortgage Department on 01582 765411. Building insurance cover is required and can be arranged by the Society. |
The Society is authorised and regulated by the
Financial Services Authority