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Option 1 Best interest only rates
Option 2 - Lowest fixed rate - can be used for refinance
Option 3 No Life Assurance required, up to 80 years
old
Option 4 Lowest capped rates up to 20 years
Option 5 - Variable rate, but with a fixed monthly
payment
Option 1 Lowest Interest-only rates.
Three interest-only options:
1.1 - Interest only for five years fixed at 5.6% or 10 years at5.7%
- A great choice for investors. Normally for 80% of the price, this can become 99% of a newbuild leaseback where vat is advanced by the developer
1.2 - 80% purchase price.
- 10 years interest-only, followed by 15 years repayment (max duration 25 years).
- 4,85% - 5,15% year one depending on the amount Then Eurobor one month plus 1,85% - +1,75% loans over 300,000.
- No repayment penalty during the first 10 years. (£1000 minimum prepayment).
- Early repayment penalty of 3% in the following 15 years.
1.3 - 80% of purchase price including agents fees,
minimum loan 100,000.
- Up to 20 years interest only.
- 5.15% three months, then 1.6% above 3 months Euribor.
- No early repayment penalty.
- Can use UK life assurance. Borrower must have net worth of 150% of loan amount.
>>>APPLY
Option 2 Lowest fixed rates. Can be used for refinance
- Up to 80% of price including agent.
- Fixed rate
15 years 4.90%
20 years 4.95%
25 years 5.00%
>>>APPLY
Option 3 No Life Assurance, up to 80 years old.
- Up to 60% of the purchase price including agent.
- 4,3% for first three years then 1,1% above 3 months Euribor.
- No penalty after 5 years. Before then, early repayment penalty is 1.7% of amount pre-paid.
>>>APPLY
Option 4 Lowest capped rates, up to 20 years.
- 80% of price including agent. 4.55% for the first year, then a tracker at 1.25% above 12 months Euribor, but capped at 5.55%.
- Early repayment penalty is 1.5% of amount pre-paid.
>>>APPLY
Option 5 Variable rate, but with fixed monthly payment.
- 80% of purchase price including agent.
- 4.25% for year one, then 3 month Euribor plus 1.1% with monthly payment fixed while term varies.
- Early repayment nil after 5 years.
>>>APPLY
*Euribor = Euro Interbank Offered Rate (this is the "base rate" for the Euro); the rate at which euro interbank term deposits within the euro zone are offered by one prime bank to another prime bank.
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