Winner of What Mortgage Awards 2015 to 2019
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YOUR  MORTGAGE WILL BE SECURED ON YOUR PROPERTY AND YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

MORTGAGE PRODUCTS ARE REGULATED BY THE FINANCIAL CONDUCT AUTHORITY EXCEPT SECOND/HOLIDAY HOME, BUY-TO-LET AND RESIDENTIAL DEVELOPMENT, WHERE THE BORROWER DOES NOT RESIDE ON SITE DURING THE DEVELOPMENT PERIOD.

Second/Holiday Home Mortgages

THIS INFORMATION IS FOR USE BY AUTHORISED INTERMEDIARIES ONLY

Contact us: 01582 463133 | brokers@harpendenbs.co.uk

SECOND/HOLIDAY HOME 
Term
2 Year Discount
Variable Rate Repayment
2.69%
Followed by our variable reversion rate 4.19%
Available for
Purchase, Remortgage, Release of Equity
Repayment Type
Repayment
APRC Repayment
4.1%
Min/Max Mortgage
£75,000 - £2,000,000
Max Term
25 Years
Max LTV Repayment
80%
Arrangement Fee
By arrangement (Minimum £1,000)
Admin Fee
£100 (Refunded upon completion)
ERC's
2%
REPRESENTATIVE EXAMPLE
A Capital and Interest mortgage of £300,000.00 payable over 15 years initially on a Discounted Variable Rate for 2 years at 2.69% and then on our Standard Variable Rate of 4.19% for the remaining 13 years would require 24 monthly payments of £2,027.31 and 156 monthly payments of £2,219.64

The total amount payable would be £399,004.28 made up of the loan amount plus interest (£94,919.28), an Arrangement Fee of £3,000.00, an Administration Fee of £100.00, a Valuation Fee of £500.00 (property value £600,000.00), Legal Fees of £360.00, a Redemption Fee of £75.00 and a Deeds Release Fee of £50.00

The overall cost for comparison is 4.1% APRC

KEY FEATURES
  • Complex Income Streams
  • Employed, self-employed or contractors
  • No upper age limit

Get in touch with our Mortgage Team

01582 463133 | brokers@harpendenbs.co.uk

YOUR  MORTGAGE WILL BE SECURED ON YOUR PROPERTY AND YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

MORTGAGE PRODUCTS ARE REGULATED BY THE FINANCIAL CONDUCT AUTHORITY EXCEPT SECOND/HOLIDAY HOME, BUY-TO-LET AND RESIDENTIAL DEVELOPMENT, WHERE THE BORROWER DOES NOT RESIDE ON SITE DURING THE DEVELOPMENT PERIOD.