With interest rates on the way down, now is the right time to consider variable rate deals including trackers, standard variable rate and discounted rate mortgages (writes Howard Reuben, Principal, HCH Financial Services).
Variable rate holiday let mortgages are available for UK residents and expat borrowers from a wide range of lenders. One of the best value products – and the most flexible – is being offered by Suffolk Building Society.
Here are the key features:
2.5% discounted for two years from the standard variable rate
Initial pay rate: 6.19%
Maximum 80% LTV
Free legals for remortgages
Valuation fee: £135
Lender arrangement fee: £1,495
A hefty 50% overpayment facility, without penalties
Early repayment charge (over the 50% allowance) is 1% during the first two years
Portable
Minimum age: 18
No maximum age
To discuss this product further, including acceptable locations, property types, and additional criteria, contact our team of award-winning brokers today:
Call: 0333 1234 536
Email: advice@hchfs.com
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