Term | 2 years |
Initial Rate1 | 5.54% variable |
Overall Cost For Comparison2 | 8.4% APRC |
MAX LTV3 | 75% |
Early Repayment Charge | 2% in year one, followed by 1% in year two |
Product Fees | £199 application fee, £2,499 completion fee |
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.
Fee Amount |
Rate |
Value of the fee with interest at 10 years |
Value of the fee with interest at 15 years |
Value of the fee with interest at 25 years |
£1,000 | 8.64% | £1,864.00 | £2,296.00 | £3,160.00 |
Term | 2 years |
Initial Rate1 | 4.94% variable |
Overall Cost For Comparison2 | 8.5% APRC |
MAX LTV3 | 75% |
Early Repayment Charge | 2% in year one, followed by 1% in year two |
Product Fees | £199 application fee, 2.50% completion fee |
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.
Fee Amount |
Rate |
Value of the fee with interest at 10 years |
Value of the fee with interest at 15 years |
Value of the fee with interest at 25 years |
£1,000 | 8.64% | £1,864.00 | £2,296.00 | £3,160.00 |
Your home may be repossessed if you do not keep up repayments on your mortgage
*Mansfield Building Society are an introducer to Mortgage 1st for mortgage advice. Mortgage 1st is a trading style of Mortgage First Limited, which is an appointed representative of Stonebridge Mortgage Solutions Ltd, and is authorised and regulated by the Financial Conduct Authority. Mortgage 1st Limited is on the Financial Services Register under firm number 484231.
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