|Overall Cost For Comparison2||5.0% APRC|
|MAX LTV3||95% of the share being purchased, 75% property value|
|Early Repayment Charge||3%|
|Product Fees||£199 application fee|
A mortgage of £86,093.00 payable over 27 years initially on a fixed rate of 3.89% for 4 years and then on our current standard variable rate of 5.35% for the remaining 23 years would require 47 monthly payments of £430.40 and 276 monthly payments of £494.53 plus one initial interest payment of £274.51.
The total amount payable would be £157,692.59 made up of the loan amount, plus interest and fee(s) totalling £71,599.59. This includes Application Fee (£199), Chaps Fee (£25), Legal Fees (£350) and Redemption Administration Fee (£125).
The overall cost for comparison is 5.0% APRC representative.