|Overall Cost For Comparison2||5.3% APRC|
|MAX LTV3||Over 80% and up to 90%|
|Early Repayment Charge||3%|
|Product Fees||£499 completion fee|
A mortgage of £114,750.00 payable over 30 years initially on a fixed rate of 2.99% for 3 years and then on our current standard variable rate of 5.75% for the remaining 27 years would require 35 monthly payments of £484.00 and 324 monthly payments of £654.22; plus one initial interest payment of £282.00.
The total amount payable would be £230,118.28 made up of the loan amount, plus interest and fee(s) totalling £115,368.28. This includes Legal Fees (£255), Chaps Fee (£25), Completion Fee (£499) and Redemption Administration Fee (£150).
The overall cost for comparison is 5.3% APRC representative.