|Overall Cost For Comparison2||5.1% APRC|
|MAX LTV3||95% of the discounted price|
|Early Repayment Charge||3%|
|Product Fees||£199 application fee, no completion fee|
A mortgage of £119,700.00 payable over 35 years initially on a fixed rate of 4.29% 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 £551.59 and 360 monthly payments of £623.12 plus one initial interest payment of £436.13.
The total amount payable would be £258,002.14 made up of the loan amount, plus interest and fee(s) totalling £138,302.14. This includes Application Fee (£199), Chaps Fee (£25), Legal Fees (£350) and Redemption Administration Fee (£125).
The overall cost for comparison is 5.1% APRC representative.