|Overall Cost For Comparison2||5.2% APRC|
|MAX LTV3||Over 80% and up to 90%|
|Early Repayment Charge||3%|
|Product Fees||£499 completion fee|
A mortgage of £243,000.00 payable over 25 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 22 years would require 35 monthly payments of £1,153.66 and 264 monthly payments of £1,490.26 plus one initial interest payment of £617.09.
The total amount payable would be £435,352.83 made up of the loan amount, plus interest and fee(s) totalling £192,352.83. This includes Legal Fees (£255), Chaps Fee (£25), Completion Fee (£499) and Redemption Administration Fee (£150).
The overall cost for comparison is 5.2% APRC representative.