6.69% Expat (1.75% discounted rate from follow on rate) for 2 years (XD0217)
Key things to bear in mind
- Purpose - Expat applications for 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 - 8.3% APRC.
Representative example
A mortgage of £330,500.00 payable over 9 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 8.44% would require 23 monthly payments of £1,842.54 and 85 monthly payments of £2,322.24 plus one initial interest payment of £1,883.01.
The total amount payable would be £572,251.83 made up of the loan amount plus interest of £241,651.83 and a Mortgage Exit Fee of £100.
The overall cost for comparison is 8.3% APRC representative.
Case study - Helping the retired back into home ownership
When their landlady told them she wanted to sell the house, David and his wife decided to get back on the property ladder
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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