A mortgage of £101,000.00 payable over 35 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 30 years would require 59 monthly payments of £441.06 and 360 monthly payments of £522.84 plus one initial interest payment of £322.92.

The total amount payable would be £215,435.86 made up of the loan amount, plus interest and fee(s) totalling £114,435.86. This includes Application Fee (£199), Chaps Fee (£25), Legal Fees (£350), Valuation Fee (£169) and Redemption Administration Fee (£125).

The overall cost for comparison is 5.0% APRC representative.

A mortgage of £110,000.00 payable over 18 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 15 years would require 35 monthly payments of £664.72 and 180 monthly payments of £776.22 plus one initial interest payment of £275.75.

The total amount payable would be £164,128.55 made up of the loan amount, plus interest and fee(s) totalling £54,128.55. This includes Application Fee (£199), Legal Fees (£350), Valuation Fee (£169), Chaps Fee (£25) and Redemption Administration Fee (£125).

The overall cost for comparison is 4.8% APRC representative.