IF YOU FAIL TO KEEP UP WITH PAYMENTS ON YOUR MORTGAGE A ‘RECEIVER OF RENT’ MAY BE APPOINTED AND/OR YOUR PROPERTY MAY BE REPOSSESSED.
|Period of Loan||Rate Payable|
Initial Variable Rate, Currently:
|Month 25 onwards||
Standard Variable Rate, Currently:
|Overall cost for comparison||4.7% APRC|
Interest Rates are variable. All discounts are off our Standard Variable Rate. If our Standard Variable Rate changes, your monthly repayments could go up or down.
No Product Fee
£40,000 to £1,000,000 for any single property
Mixed Repayment/ Interest only mortgages will be considered.
Regular overpayments will be permitted without an early repayment charge.
A mortgage of £84,361.00 payable over 20 years and 1 month initially on a discount rate for 2 years at 1.99% and then on our current variable rate of 5.24% for the remaining 18 years and 1 month, would require 24 monthly payments of £424.93 and 217 monthly payments of £552.61.
The total amount payable would be £130,883.81 made up of the loan amount plus interest (£45,753.69) and Despatch Of Title Deeds Fee (£50.00), Mortgage Discharge & Sealing Fee (£75.00), Telegraphic Transfer Fee (£25.00), Valuation Fee, on application. (£200.00), Administration Fee, on application (£150.00), Legal Fees (Estimated £250.00).
The overall cost for comparison is 4.7% APRC representative.