A mortgage of £190,000 payable over 33 years initially on a fixed rate of 3.89% for 5 years and then on our current standard variable rate of 5.35% for the remaining 28 years would require 59 monthly payments of £853.64 and 336 monthly payments of £1,003.26 plus one initial interest payment of £626.01.

The total amount payable would be £388,979.13 made up of the loan amount, plus interest and fee(s) totalling £198,979.13. This includes Application Fee (£199), Valuation Fee (£194), Legal Fees (£350), Chaps Fee (£25) and Redemption Administration Fee (£125).

The overall cost for comparison is 5.0% APRC representative.

A mortgage of £178,000 payable over 29 years initially on a variable rate, currently 3.05% for 3 years and then on our current standard variable rate of 5.35% for the remaining 26 years would require 35 monthly payments of £772.62 and 312 monthly payments of £987.91 plus one initial interest payment of £459.83.

The total amount payable would be £336,622.45 made up of the loan amount, plus interest and fee(s) totalling £158,622.45. This includes Application Fee (£199), Valuation Fee (£194), Legal Fees (£350), Chaps Fee (£25) and Redemption Administration Fee (£125).

The overall cost for comparison is 4.9% APRC representative.