|Overall Cost For Comparison2||4.2% APRC|
|Early Repayment Charge||3%|
|Product Fees||£199 application fee, £1,300 completion fee|
A mortgage of £102,000.00 payable over 10 years initially on a fixed rate of 2.74% for 5 years and then on our current standard variable rate of 5.35% for the remaining 5 years would require 59 monthly payments of £232.90 and 60 monthly payments of £454.73 plus one initial interest payment of £237.37.
The total amount payable would be £145,335.27 made up of the loan amount, plus interest and fee(s) totalling £43,335.27. This includes Application Fee (£199), Valuation Fee (£169), Legal Fees (£255), Chaps Fee (£25), Completion Fee (£1,300) and Redemption Administration Fee (£125).
The overall cost for comparison is 4.2% APRC representative.