Representative example: A mortgage of £350,000.00 taken out for a period of 10 years on a repayment basis.
Monthly instalments: £ 3,500.07 per month for 23 months, followed by £ 3,690.56 per month for 96 months.
Total amount payable: £ 435,990.37.
Total amount of credit: £350,000.00.
The total amount payable includes administration fee £125, valuation fee £895, completion fee £75 and closing fee £100.
The overall cost for comparison is 4.6% representative APRC.
This example is based on a typical mortgage and assumes that fees are not added to the mortgage. Please ask for a personal illustration for your own particular requirements.