|Overall Cost For Comparison2||5.1% APRC|
|MAX LTV3||Over 80% and up to 90%|
|Early Repayment Charge||3%|
|Product Fees||£199 application fee, £800 completion fee|
A mortgage of £137,250 payable over 32 years initially on a fixed rate of 3.49% for 3 years and then on our current standard variable rate of 5.35% for the remaining 29 years would require 35 monthly payments of £594.72 and 348 monthly payments of £736.53 plus one initial interest payment of £393.70.
The total amount payable would be £278,925.34 made up of the loan amount, plus interest and fee(s) totalling £141,675.34. This includes Application Fee (£199), Legal Fees (£255), Chaps Fee (£25), Completion Fee (£800) and Redemption Administration Fee (£125).
The overall cost for comparison is 5.1% APRC representative.