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My promotional interest rate is coming to an end shortly. What interest rate will I pay once my initial rate period ends?

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The rate you pay will be based on the terms of your mortgage contract and your lender’s tariff of charges.

Should your initial rate under the terms of your current mortgage expire during the Payment Holiday, we would expect that the interest will then start to accrue at the rate that was set in the mortgage offer, which for many borrowers will be the lender’s follow on rate which is usually significantly higher.

Searchlight Finance Limited is registered in England and Wales No.07929050 Searchlight Finance Limited is authorised and regulated by the Financial Conduct Authority and is entered on the Financial Services Register (http://www.fca.org.uk/register) under reference 743220. The FCA do not regulate Business Buy to Let Mortgages or most Commercial Mortgages and Bridging Finance. ICO Number Z3109319. Your property may be repossessed if you do not keep up repayments on a mortgage or any debt secured on it.