Mortgage product
information.
Eco Self Build 2 Year Discount Rate – for purchase or remortgage up to 80% LTV
| Mortgage details | |
|---|---|
Initial rate | 5.74% (SVR minus 2.70%) |
Rate Type | Variable |
Rate Term | 2 year |
APRC | 7.5% |
Standard rate | STANDARD VARIABLE RATE of 8.44% with a discount of 2.70% until 2 years from completion date, then reverting to 7.44% (Suffolk SVR minus 1%) for 36 months (please note this rate will not fall below 3%), then changing to Suffolk Standard Variable Rate (currently 8.44%) |
Fees | Application Fee: Completion Fee: Valuation Fee: CHAPS (Fee for transfer of funds to solicitor): |
Maximum loan | £1m |
Maximum LTV | 80% |
Additional information | Fee free over-payments up to 50% of original loan. Early repayment charge of 2% applies until 2 years from completion. Eco Self Build product only available to for self builders and renovators who intend to build or renovate a property to an EPC rating of A or B, which includes at least two of the following qualifying energy efficient features: photovoltaics, solar panels, air source heat pump, ground source heat pump, rain water harvesting, greywater collection, triple glazing, mechanical ventilation with heat recovery system, biomass pellet boiler, wind turbines, higher than usual levels of thermal insulation, geothermal heating, compostable toilet or electric car charging stations. These features will need to be evidenced in the plans/costings. For more information, please refer to our Self Build Hub.
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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE