Your home may be repossessed if you do not keep up repayments on your mortgage. Think carefully before securing other debts against your home.
|Period of Loan||Rate Payable|
Initial Variable Rate, Currently:
|Month 25 onwards||
Standard Variable Rate, Currently:
|Overall cost for comparison||4.8% APRC|
Interest Rates are variable. All discounts are off our Standard Variable Rate.
No Product Fee
£40,000 to £500,000
Capital repayments allowed up to 10% of the amount outstanding at the time of the rate switch, in each of the first 2 years, without an Early Repayment Charge.
An Early Repayment Charge of 1% applies to any repayments made over the 10%.
After the discount rate period the loan reverts to the SVR.
During the first 2 years any additional amount paid above the 10% permitted will be subject to an Early Repayment Charge of 1% of the amount repaid. Following receipt of the lump sum payment, the amount that you owe, and so the interest you pay, is reduced immediately.
A mortgage of £139,251.00 payable over 26 years and 8 months initially on a discount rate for 2 years at 2.04% and then on our current variable rate of 5.24% for the remaining 24 years and 8 months, would require 24 monthly payments of £564.56 and 296 monthly payments of £790.76.
The total amount payable would be £247,739.40 made up of the loan amount plus interest (£108,363.40), Mortgage Discharge & Sealing Fee (£75.00) and Despatch Of Title Deeds Fee (£50.00).
The overall cost for comparison is 4.8% APRC representative.