Product:
A first charge capital repayment mortgage secured against your residential property
Total amount of loan:
£180,650 (including a product fee of £650 added to the loan at completion)
Term:
25 years (300 months)
Rate:
4.10% for 2 years (24 months) followed by a variable rate of 5.24% for the remaining 23 years (276 months)
Payment and frequency:
24 months at £963.54 followed by 276 months at £1,073.62
Total amount repayable:
£320,164.08, including interest of £138,794.08 and fees not added to the loan of:
£175 application fee, £395 valuation fee and £150 redemption fee.
APRC:
The overall cost for comparison is 5.2%
Your home may be repossessed if you do not keep up repayments on your mortgage