Product:
A first charge capital repayment mortgage secured against your residential property
Total amount of loan:
£181,495, (including a product fee of £1,495 added to the loan at completion)
Term:
25 years (300 months)
Rate:
3.7% for 2 years (24 months) followed by a variable rate of 4.59% for the remaining 23 years (276 months)
Payment and frequency:
24 months at £928.19 followed by 276 months at £1,011.99
Total amount repayable:
£302,429.80, including interest of £120,090.80 and fees not added to the loan of:
£299 application fee, £395 valuation fee and £150 mortgage exit fee.
APRC:
The overall cost for comparison is 4.6%
Your home may be repossessed if you do not keep up repayments on your mortgage