|Overall Cost For Comparison2||5.3% APRC|
|MAX LTV3||95% of the share being purchased, 75% property value|
|Early Repayment Charge||2%|
|Product Fees||£199 application fee|
A mortgage of £96,000 payable over 40 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 38 years would require 23 monthly payments of £400.96 and 456 monthly payments of £482.84 plus one initial interest payment of £314.83.
The total amount payable would be £230,410.95 made up of the loan amount, plus interest and fee(s) totalling £134,410.95. This includes Application Fee (£199), Chaps Fee (£25), Legal Fees (£350) and Redemption Administration Fee (£125).
The overall cost for comparison is 5.3% APRC representative.