|Overall Cost For Comparison2||5.6% APRC|
|MAX LTV3||Over 90% and up to 95%|
|Early Repayment Charge||3%|
|Product Fees||£199 application fee, £300 completion fee|
A mortgage of £137,500.00 payable over 30 years initially on a fixed rate of 4.29% 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 £680.57 and 324 monthly payments of £793.78 plus one initial interest payment of £500.99.
The total amount payable would be £282,434.66 made up of the loan amount, plus interest and fee(s) totalling £144,934.66. This includes Application Fee (£199), Legal Fees (£255), Chaps Fee (£25), Completion Fee (£300) and Redemption Administration Fee (£150).
The overall cost for comparison is 5.6% APRC representative.