|Overall Cost For Comparison2||5.3% APRC|
|MAX LTV3||Over 90% and up to 95%|
|Early Repayment Charge||2%|
|Product Fees||£199 application fee, £300 completion fee|
A mortgage of £118,925 payable over 35 years initially on a fixed rate of 3.99% for 2 years and then on our current standard variable rate of 5.35% for the remaining 33 years would require 23 monthly payments of £526.43 and 396 monthly payments of £623.38 plus one initial interest payment of £390.01.
The total amount payable would be £260,260.38 made up of the loan amount, plus interest and fee(s) totalling £141,335.38. This includes Application Fee (£199), Chaps Fee (£25), Legal Fees (£255), Completion Fee (£300) and Redemption Administration Fee (£125).
The overall cost for comparison is 5.3% APRC representative.