• The £199 Application Fee is non-refundable and payable at the point of application
• The Completion Fee can be paid before completion or added to the loan. If the Completion Fee is added to the loan amount, interest will be charged on the amount of the fee and this will be reflected in the monthly repayment over the term of the mortgage

A £1,000 Completion Fee added to the loan amount would increase in value over the term of the mortgage and an illustrative example is provided below based on a static rate over a 10, 15 or 25 year term.

A mortgage of £97,500.00 payable over 25 years initially on a variable rate, currently 6.39% for 2 years and then on our current standard variable rate of 8.89% for the remaining 23 years would require 23 monthly payments of £519.19 and 276 monthly payments of £722.37; plus one initial interest payment of £512.08.

The total amount payable would be £309,901.57 made up of the loan amount, plus interest and fee(s) totalling £212,401.57. This includes Legal Fees (£255), Valuation Fee (£169), Chaps Fee (£25) and Redemption Administration Fee (£125).

The overall cost for comparison is 8.8% APRC representative.

A representative example is designed to help understanding of the typical cost of this mortgage. This is not an illustration and is only provided as an example.