|Overall Cost For Comparison2||5.2% APRC|
|MAX LTV3||95% of the share being purchased, 75% property value|
|Early Repayment Charge||2%|
|Product Fees||£199 application fee|
A mortgage of £60,800 payable over 25 years initially on a fixed rate of 3.39% for 2 years and then on our current standard variable rate of 5.35% for the remaining 23 years would require 23 monthly payments of £301.44 and 276 monthly payments of £363.97 plus one initial interest payment of £168.94.
The total amount payable would be £108,281.78 made up of the loan amount, plus interest and fee(s) totalling £47,481.78. This includes Application Fee (£199), Legal Fees (£350), Chaps Fee (£25) and Redemption Administration Fee (£150).
The overall cost for comparison is 5.2% APRC representative.