Example Product Rate and Fees – Airbnb Buy to Let Mortgage
[ezcol_1fifth]Initial Rate: 3.250%[/ezcol_1fifth] [ezcol_1fifth]Subsequent: 5.05%[/ezcol_1fifth] [ezcol_3fifth_end]The overall cost for comparison 4.90% APRC[/ezcol_3fifth_end]
The total amount you must pay back, including the amount borrowed is £501,397.5
Features / description: Seasonal rental taking into consideration rather than set amount each month. There could be tax advantages but you will need to seek independent advice. AirBnB considered provided in a classic holiday restort area.
| Type and initial benefit period | Fixed until 30/09/2021 |
| Minimum deposit / equity: | 25% |
| Valuation fee | FREE |
| Booking fee | £0 |
| Lender arrangement | £0 |
| Telegraphic transfer / CHAPS fee | £15 |
| Legal fee | £150 |
| Early repayment charge | 2/1.5% of the amount repaid in the fixed period |
For more information on Airbnb Buy to Let Mortgage products please call complete the enquiry form on this page or call the number below.
Any property used as security, which may include your home. may be repossessed if you do not keep up repayments on your mortgage
Important Information
Residential and Buy to Let Mortgages
Rates current as at 26/07/2019. The overall cost for comparison is based on an open market value of £300,000 over a 25 year term. Right-to-Buy examples are based on a discounted purchase price of £200,000. Repayment for Residential and Interest only for Buy-to-let (unless otherwise specified). Eligibility will depend on your own personal circumstances.
KEY – ERC = Main early repayment charge.
The purpose of this web is for information only and is based on a fictitious illustrative scenario. It does not constitute a Mortgage Offer in any way.
It is essential that you seek independent mortgage advice as a suitable product will be based on your own individual circumstances. An interest rate should not be read in isolation, and you should refer to your personal key facts illustration and Mortgage Offers for full terms and conditions. If anything is unclear it should be discussed fully with both your mortgage and legal advisors before entering into a mortgage contract with the lender.
The information contained herein is based on research through the Trigold (IRESS UK) sourcing system. When first published to this site the data is normally 24 hours behind real time, and may or may not still be available.
A first charge over your property is required as security for the loan.
The formal mortgage offer of an advance will be subject to a valuation and other satisfactory references.
