If your client has a Skilled Worker Visa, and is looking to purchase property in the UK, then you’re in the right place.
With many people from overseas coming to the UK to fill skills gaps, it’s now easier to plant roots and take their first step onto the property ladder here in the UK.
Overall cost for comparison
Early Repayment Charges and other fees may apply.
Based on a mortgage of £120,000.00 payable over 21 years, initially on our 5.89% Fixed rate for 2 years 3 months, and then on our Standard Variable rate currently 8.09% for the remaining 18 years 9 months. This would require 27 monthly payments of £835.09 and all remaining instalments of £982.50.
The total amount payable would be £243,654.93, made up of the loan amount plus interest of £123,654.93, a product fee of 0.50% and account fee of £0.
The overall cost for comparison is 7.90% APRC.
If all or part of your income is in a currency other than Pound Sterling (£), you should be aware about the risks of fluctuations in currency exchange rates. If the value of the relevant currency moves against you by at least 20% then that may make it more difficult for you to afford your mortgage payments.
The Representative Example is based on mortgages sold between 01/01/2018 – 31/12/2018 and if you were to take your mortgage product as at 25/01/2024.
All above information is for illustration purposes only and may vary depending on personal circumstances.
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Please note: This section of our website is for use by FCA authorised intermediaries only. If you are a customer please refer to our mortgage section.