|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 £104,500.00 payable over 35 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 32 years would require 35 monthly payments of £481.55 and 384 monthly payments of £572.89; plus one initial interest payment of £368.47.
The total amount payable would be £238,141.48 made up of the loan amount, plus interest and fee(s) totalling £133,641.48. 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.