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||4.9% APRC|
Interest Rates are variable. All discounts are off our Standard Variable Rate.
£40,000 to £1,000,000 for any single property
You may make capital repayments without an Early Repayment Charge.
A mortgage of £109,300 payable over 25 years and 11 months initially on a discounted variable rate for 2 years at 2.04% and then on our current variable rate of 5.24% for the remaining 23 years and 11 months would require 24 monthly payments of £452.78 and 287 monthly payments of £628.81.
The total amount payable would be £192,484.43 made up of the loan amount plus interest (£82,035.43), Mortgage Discharge & Sealing Fee (£75), Despatch of Title Deeds Fee (£50), Telegraphic Transfer Fee (£25) and Product Fee (£999).
The overall cost for comparison is 4.9% APRC representative.