Date Printed: 16 October 2024
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Mortgage Products | Term | Initial Rate1 | Overall Cost for Comparison2 | MAX LTV3 | Early Repayment Change | Product Fees | See Representative Example | |||||||||||
Buy to Let Mortgages (9) |
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Last Updated:14 February 2024
2 Year Discounted Variable Rate Limited Company Holiday Buy to Let – DIB084
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Term:2 years |
Initial Rate1:6.45% variable |
Overall Cost for Comparison2:8.7% APRC |
MAX LTV3:75% |
Early Repayment Change:2% in year one, followed by 1% in year two |
Product Fees:£199 application fee, £1,499 completion fee |
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Representative Example:
A £1,000 Completion Fee added to the loan amount would increase in value over the term of the mortgage and an illustrative example is provided below based on a static rate over a 10, 15 or 25 year term.
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Last Updated:12 January 2024
Family Buy to Let 2 Year Discounted Variable Rate – DIB083
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Term:2 years |
Initial Rate1:6.19% variable |
Overall Cost for Comparison2:8.6% APRC |
MAX LTV3:75% |
Early Repayment Change:2% in Year 1, 1% in Year 2 |
Product Fees:£199 application fee, £999 completion fee |
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Representative Example:
A £1,000 Completion Fee added to the loan amount would increase in value over the term of the mortgage and an illustrative example is provided below based on a static rate over a 10, 15 or 25 year term.
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Last Updated:12 January 2024
Family Buy to Let Fixed Rate until 13 April 2029 – XIB055
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Term:Fixed until 13 April 2029 |
Initial Rate1:5.99% |
Overall Cost for Comparison2:8.0% APRC |
MAX LTV3:75% |
Early Repayment Change:3% until 13 April 2027, then 2% until 13 April 2028 and then 1% until 13 April 2029 |
Product Fees:£199 application fee, £999 completion fee |
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Representative Example:
A £1,000 Completion Fee added to the loan amount would increase in value over the term of the mortgage and an illustrative example is provided below based on a static rate over a 10, 15 or 25 year term.
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Last Updated:28 December 2023
Light Refurb Buy to Let 2 Year Discounted Variable Rate – DIB081
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Term:2 years |
Initial Rate1:6.39% variable |
Overall Cost for Comparison2:8.8% APRC |
MAX LTV3:75% |
Early Repayment Change:2% in Year 1, 1% in Year 2 |
Product Fees:£199 application fee, 1% completion fee |
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Representative Example:
A £1,000 Completion Fee added to the loan amount would increase in value over the term of the mortgage and an illustrative example is provided below based on a static rate over a 10, 15 or 25 year term.
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Last Updated:28 December 2023
2 Year Discounted Variable Rate Buy to Let – DIB073
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Term:2 years |
Initial Rate1:5.79% variable |
Overall Cost for Comparison2:8.7% APRC |
MAX LTV3:75% |
Early Repayment Change:2% in Year 1, 1% in Year 2 |
Product Fees:£199 application fee, 1% completion fee |
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Representative Example:
A £1,000 Completion Fee added to the loan amount would increase in value over the term of the mortgage and an illustrative example is provided below based on a static rate over a 10, 15 or 25 year term.
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Last Updated:28 December 2023
Expat Holiday Buy to Let 2 Year Discounted Variable Rate – DIB079
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Term:2 years |
Initial Rate1:6.39% variable |
Overall Cost for Comparison2:8.6% APRC |
MAX LTV3:75% |
Early Repayment Change:2% in Year 1, 1% in Year 2 |
Product Fees:£199 application fee, 1% completion fee |
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Representative Example:
A £1,000 Completion Fee added to the loan amount would increase in value over the term of the mortgage and an illustrative example is provided below based on a static rate over a 10, 15 or 25 year term.
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Last Updated:28 December 2023
2 Year Discounted Variable Rate Holiday Buy to Let – DIB078
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Term:2 years |
Initial Rate1:6.29% variable |
Overall Cost for Comparison2:8.8% APRC |
MAX LTV3:75% |
Early Repayment Change:2% in Year 1, 1% in Year 2 |
Product Fees:£199 application fee, 1% completion fee |
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Representative Example:
A £1,000 Completion Fee added to the loan amount would increase in value over the term of the mortgage and an illustrative example is provided below based on a static rate over a 10, 15 or 25 year term.
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Last Updated:4 December 2023
Expat Buy to Let 2 Year Discounted Variable Rate – DIB076
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Term:2 years |
Initial Rate1:5.89% variable |
Overall Cost for Comparison2:8.8% APRC |
MAX LTV3:75% |
Early Repayment Change:2% in Year 1, 1% in Year 2 |
Product Fees:£199 application fee, 1% completion fee |
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Representative Example:
A £1,000 Completion Fee added to the loan amount would increase in value over the term of the mortgage and an illustrative example is provided below based on a static rate over a 10, 15 or 25 year term.
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Last Updated:28 December 2023
2 Year Discounted Variable Rate Limited Company Buy to Let – DIB071
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Term:2 years |
Initial Rate1:5.19% variable |
Overall Cost for Comparison2:8.8% APRC |
MAX LTV3:75% |
Early Repayment Change:2% in year one, followed by 1% in year two |
Product Fees:£199 application fee, 2.50% completion fee |
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Representative Example:
A £1,000 Completion Fee added to the loan amount would increase in value over the term of the mortgage and an illustrative example is provided below based on a static rate over a 10, 15 or 25 year term.
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Family Assist (1) |
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Last Updated:28 December 2023
Family Assist 3 Year Discounted Variable Rate – House Purchase Only – DFM004
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Term:3 years |
Initial Rate1:5.89% variable |
Overall Cost for Comparison2:7.1% APRC |
MAX LTV3:100% |
Early Repayment Change:3% in Year 1, 2% in Year 2, 1% in Year 3 |
Product Fees:£199 application fee, no completion fee |
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Representative Example:
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First Time Buyer (9) |
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Last Updated:25 June 2024
House Purchase Only Fixed Rate until 13 April 2029 – DIX265
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Term:Fixed until 13 April 2029 |
Initial Rate1:5.79% |
Overall Cost for Comparison2:6.8% APRC |
MAX LTV3:Up to 95% LTV |
Early Repayment Change:3% until 13 April 2027, 2% until 13 April 2028, 1% until 13 April 2029 |
Product Fees:£199 Application Fee, No Completion Fee |
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Representative Example:
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Last Updated:24 January 2024
House Purchase Only 2 Year Fixed Rate – DIX264
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Term:2 years |
Initial Rate1:6.29% |
Overall Cost for Comparison2:7.3% APRC |
MAX LTV3:Over 90% and up to 95% |
Early Repayment Change:2% in Year 1, 1% in Year 2 |
Product Fees:£199 Application Fee, No Completion Fee |
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Representative Example:
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Last Updated:24 January 2024
2 Year Fixed Rate – DIX263
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Term:2 years |
Initial Rate1:5.89% |
Overall Cost for Comparison2:7.2% APRC |
MAX LTV3:Over 80% and up to 90% |
Early Repayment Change:2% in Year 1, 1% in Year 2 |
Product Fees:£199 Application Fee, £800 Completion Fee |
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Representative Example:
A £1,000 Completion Fee added to the loan amount would increase in value over the term of the mortgage and an illustrative example is provided below based on a static rate over a 10, 15 or 25 year term.
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Last Updated:24 January 2024
2 Year Fixed Rate – DIX262
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Term:2 years |
Initial Rate1:5.59% |
Overall Cost for Comparison2:7.2% APRC |
MAX LTV3:80% |
Early Repayment Change:2% in Year 1, 1% in Year 2 |
Product Fees:£199 Application Fee, £800 Completion Fee |
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Representative Example:
A £1,000 Completion Fee added to the loan amount would increase in value over the term of the mortgage and an illustrative example is provided below based on a static rate over a 10, 15 or 25 year term.
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Last Updated:4 December 2023
2 Year Discounted Variable Rate House Purchase Only – DID167
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Term:2 years |
Initial Rate1:6.65% variable |
Overall Cost for Comparison2:7.3% APRC |
MAX LTV3:over 90% and up to 95% |
Early Repayment Change:2% in year one, followed by 1% in year two |
Product Fees:£199 Application Fee, No Completion Fee |
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Representative Example:
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Last Updated:4 December 2023
2 Year Discounted Variable Rate – DID169
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Term:2 years |
Initial Rate1:5.65% variable |
Overall Cost for Comparison2:7.2% APRC |
MAX LTV3:80% |
Early Repayment Change:2% in Year 1, 1% in Year 2 |
Product Fees:£199 application fee, £800 completion fee |
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Representative Example:
A £1,000 Completion Fee added to the loan amount would increase in value over the term of the mortgage and an illustrative example is provided below based on a static rate over a 10, 15 or 25 year term.
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Last Updated:4 December 2023
2 Year Discounted Variable Rate – DID166
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Term:2 years |
Initial Rate1:6.25% variable |
Overall Cost for Comparison2:7.3% APRC |
MAX LTV3:over 80% and up to 90% |
Early Repayment Change:2% in Year 1, 1% in Year 2 |
Product Fees:£199 application fee, £800 completion fee |
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Representative Example:
A £1,000 Completion Fee added to the loan amount would increase in value over the term of the mortgage and an illustrative example is provided below based on a static rate over a 10, 15 or 25 year term.
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Last Updated:28 December 2023
2 Year Discounted Variable Rate – DID168
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Term:2 years |
Initial Rate1:5.53% variable |
Overall Cost for Comparison2:7.1% APRC |
MAX LTV3:75% (70% for loans over £750,000 and under £1m) |
Early Repayment Change:2% in year one, followed by 1% in year two |
Product Fees:£199 application fee, 0.50% completion fee |
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Representative Example:
A £1,000 Completion Fee added to the loan amount would increase in value over the term of the mortgage and an illustrative example is provided below based on a static rate over a 10, 15 or 25 year term.
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Last Updated:28 December 2023
Family Assist 3 Year Discounted Variable Rate – House Purchase Only – DFM004
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Term:3 years |
Initial Rate1:5.89% variable |
Overall Cost for Comparison2:7.1% APRC |
MAX LTV3:100% |
Early Repayment Change:3% in Year 1, 2% in Year 2, 1% in Year 3 |
Product Fees:£199 application fee, no completion fee |
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Representative Example:
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Holiday Lets (2) |
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Last Updated:14 February 2024
2 Year Discounted Variable Rate Limited Company Holiday Buy to Let – DIB084
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Term:2 years |
Initial Rate1:6.45% variable |
Overall Cost for Comparison2:8.7% APRC |
MAX LTV3:75% |
Early Repayment Change:2% in year one, followed by 1% in year two |
Product Fees:£199 application fee, £1,499 completion fee |
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Representative Example:
A £1,000 Completion Fee added to the loan amount would increase in value over the term of the mortgage and an illustrative example is provided below based on a static rate over a 10, 15 or 25 year term.
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Last Updated:28 December 2023
2 Year Discounted Variable Rate Holiday Buy to Let – DIB078
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Term:2 years |
Initial Rate1:6.29% variable |
Overall Cost for Comparison2:8.8% APRC |
MAX LTV3:75% |
Early Repayment Change:2% in Year 1, 1% in Year 2 |
Product Fees:£199 application fee, 1% completion fee |
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Representative Example:
A £1,000 Completion Fee added to the loan amount would increase in value over the term of the mortgage and an illustrative example is provided below based on a static rate over a 10, 15 or 25 year term.
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Interest Only (5) |
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Last Updated:24 January 2024
2 Year Fixed Rate – DIX263
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Term:2 years |
Initial Rate1:5.89% |
Overall Cost for Comparison2:7.2% APRC |
MAX LTV3:Over 80% and up to 90% |
Early Repayment Change:2% in Year 1, 1% in Year 2 |
Product Fees:£199 Application Fee, £800 Completion Fee |
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Representative Example:
A £1,000 Completion Fee added to the loan amount would increase in value over the term of the mortgage and an illustrative example is provided below based on a static rate over a 10, 15 or 25 year term.
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Last Updated:24 January 2024
2 Year Fixed Rate – DIX262
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Term:2 years |
Initial Rate1:5.59% |
Overall Cost for Comparison2:7.2% APRC |
MAX LTV3:80% |
Early Repayment Change:2% in Year 1, 1% in Year 2 |
Product Fees:£199 Application Fee, £800 Completion Fee |
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Representative Example:
A £1,000 Completion Fee added to the loan amount would increase in value over the term of the mortgage and an illustrative example is provided below based on a static rate over a 10, 15 or 25 year term.
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Last Updated:4 December 2023
2 Year Discounted Variable Rate – DID169
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Term:2 years |
Initial Rate1:5.65% variable |
Overall Cost for Comparison2:7.2% APRC |
MAX LTV3:80% |
Early Repayment Change:2% in Year 1, 1% in Year 2 |
Product Fees:£199 application fee, £800 completion fee |
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Representative Example:
A £1,000 Completion Fee added to the loan amount would increase in value over the term of the mortgage and an illustrative example is provided below based on a static rate over a 10, 15 or 25 year term.
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Last Updated:4 December 2023
2 Year Discounted Variable Rate – DID166
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Term:2 years |
Initial Rate1:6.25% variable |
Overall Cost for Comparison2:7.3% APRC |
MAX LTV3:over 80% and up to 90% |
Early Repayment Change:2% in Year 1, 1% in Year 2 |
Product Fees:£199 application fee, £800 completion fee |
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Representative Example:
A £1,000 Completion Fee added to the loan amount would increase in value over the term of the mortgage and an illustrative example is provided below based on a static rate over a 10, 15 or 25 year term.
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Last Updated:28 December 2023
2 Year Discounted Variable Rate – DID168
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Term:2 years |
Initial Rate1:5.53% variable |
Overall Cost for Comparison2:7.1% APRC |
MAX LTV3:75% (70% for loans over £750,000 and under £1m) |
Early Repayment Change:2% in year one, followed by 1% in year two |
Product Fees:£199 application fee, 0.50% completion fee |
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Representative Example:
A £1,000 Completion Fee added to the loan amount would increase in value over the term of the mortgage and an illustrative example is provided below based on a static rate over a 10, 15 or 25 year term.
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Moving Home (8) |
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Last Updated:25 June 2024
House Purchase Only Fixed Rate until 13 April 2029 – DIX265
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Term:Fixed until 13 April 2029 |
Initial Rate1:5.79% |
Overall Cost for Comparison2:6.8% APRC |
MAX LTV3:Up to 95% LTV |
Early Repayment Change:3% until 13 April 2027, 2% until 13 April 2028, 1% until 13 April 2029 |
Product Fees:£199 Application Fee, No Completion Fee |
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Representative Example:
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Last Updated:24 January 2024
House Purchase Only 2 Year Fixed Rate – DIX264
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Term:2 years |
Initial Rate1:6.29% |
Overall Cost for Comparison2:7.3% APRC |
MAX LTV3:Over 90% and up to 95% |
Early Repayment Change:2% in Year 1, 1% in Year 2 |
Product Fees:£199 Application Fee, No Completion Fee |
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Representative Example:
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Last Updated:24 January 2024
2 Year Fixed Rate – DIX263
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Term:2 years |
Initial Rate1:5.89% |
Overall Cost for Comparison2:7.2% APRC |
MAX LTV3:Over 80% and up to 90% |
Early Repayment Change:2% in Year 1, 1% in Year 2 |
Product Fees:£199 Application Fee, £800 Completion Fee |
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Representative Example:
A £1,000 Completion Fee added to the loan amount would increase in value over the term of the mortgage and an illustrative example is provided below based on a static rate over a 10, 15 or 25 year term.
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Last Updated:24 January 2024
2 Year Fixed Rate – DIX262
|
Term:2 years |
Initial Rate1:5.59% |
Overall Cost for Comparison2:7.2% APRC |
MAX LTV3:80% |
Early Repayment Change:2% in Year 1, 1% in Year 2 |
Product Fees:£199 Application Fee, £800 Completion Fee |
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Representative Example:
A £1,000 Completion Fee added to the loan amount would increase in value over the term of the mortgage and an illustrative example is provided below based on a static rate over a 10, 15 or 25 year term.
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Last Updated:4 December 2023
2 Year Discounted Variable Rate House Purchase Only – DID167
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Term:2 years |
Initial Rate1:6.65% variable |
Overall Cost for Comparison2:7.3% APRC |
MAX LTV3:over 90% and up to 95% |
Early Repayment Change:2% in year one, followed by 1% in year two |
Product Fees:£199 Application Fee, No Completion Fee |
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Representative Example:
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Last Updated:4 December 2023
2 Year Discounted Variable Rate – DID169
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Term:2 years |
Initial Rate1:5.65% variable |
Overall Cost for Comparison2:7.2% APRC |
MAX LTV3:80% |
Early Repayment Change:2% in Year 1, 1% in Year 2 |
Product Fees:£199 application fee, £800 completion fee |
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Representative Example:
A £1,000 Completion Fee added to the loan amount would increase in value over the term of the mortgage and an illustrative example is provided below based on a static rate over a 10, 15 or 25 year term.
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Last Updated:4 December 2023
2 Year Discounted Variable Rate – DID166
|
Term:2 years |
Initial Rate1:6.25% variable |
Overall Cost for Comparison2:7.3% APRC |
MAX LTV3:over 80% and up to 90% |
Early Repayment Change:2% in Year 1, 1% in Year 2 |
Product Fees:£199 application fee, £800 completion fee |
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Representative Example:
A £1,000 Completion Fee added to the loan amount would increase in value over the term of the mortgage and an illustrative example is provided below based on a static rate over a 10, 15 or 25 year term.
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Last Updated:28 December 2023
2 Year Discounted Variable Rate – DID168
|
Term:2 years |
Initial Rate1:5.53% variable |
Overall Cost for Comparison2:7.1% APRC |
MAX LTV3:75% (70% for loans over £750,000 and under £1m) |
Early Repayment Change:2% in year one, followed by 1% in year two |
Product Fees:£199 application fee, 0.50% completion fee |
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Representative Example:
A £1,000 Completion Fee added to the loan amount would increase in value over the term of the mortgage and an illustrative example is provided below based on a static rate over a 10, 15 or 25 year term.
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Remortgage (5) |
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Last Updated:24 January 2024
2 Year Fixed Rate – DIX263
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Term:2 years |
Initial Rate1:5.89% |
Overall Cost for Comparison2:7.2% APRC |
MAX LTV3:Over 80% and up to 90% |
Early Repayment Change:2% in Year 1, 1% in Year 2 |
Product Fees:£199 Application Fee, £800 Completion Fee |
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Representative Example:
A £1,000 Completion Fee added to the loan amount would increase in value over the term of the mortgage and an illustrative example is provided below based on a static rate over a 10, 15 or 25 year term.
|
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Last Updated:24 January 2024
2 Year Fixed Rate – DIX262
|
Term:2 years |
Initial Rate1:5.59% |
Overall Cost for Comparison2:7.2% APRC |
MAX LTV3:80% |
Early Repayment Change:2% in Year 1, 1% in Year 2 |
Product Fees:£199 Application Fee, £800 Completion Fee |
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Representative Example:
A £1,000 Completion Fee added to the loan amount would increase in value over the term of the mortgage and an illustrative example is provided below based on a static rate over a 10, 15 or 25 year term.
|
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Last Updated:4 December 2023
2 Year Discounted Variable Rate – DID169
|
Term:2 years |
Initial Rate1:5.65% variable |
Overall Cost for Comparison2:7.2% APRC |
MAX LTV3:80% |
Early Repayment Change:2% in Year 1, 1% in Year 2 |
Product Fees:£199 application fee, £800 completion fee |
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Representative Example:
A £1,000 Completion Fee added to the loan amount would increase in value over the term of the mortgage and an illustrative example is provided below based on a static rate over a 10, 15 or 25 year term.
|
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Last Updated:4 December 2023
2 Year Discounted Variable Rate – DID166
|
Term:2 years |
Initial Rate1:6.25% variable |
Overall Cost for Comparison2:7.3% APRC |
MAX LTV3:over 80% and up to 90% |
Early Repayment Change:2% in Year 1, 1% in Year 2 |
Product Fees:£199 application fee, £800 completion fee |
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Representative Example:
A £1,000 Completion Fee added to the loan amount would increase in value over the term of the mortgage and an illustrative example is provided below based on a static rate over a 10, 15 or 25 year term.
|
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Last Updated:28 December 2023
2 Year Discounted Variable Rate – DID168
|
Term:2 years |
Initial Rate1:5.53% variable |
Overall Cost for Comparison2:7.1% APRC |
MAX LTV3:75% (70% for loans over £750,000 and under £1m) |
Early Repayment Change:2% in year one, followed by 1% in year two |
Product Fees:£199 application fee, 0.50% completion fee |
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Representative Example:
A £1,000 Completion Fee added to the loan amount would increase in value over the term of the mortgage and an illustrative example is provided below based on a static rate over a 10, 15 or 25 year term.
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Retirement (5) |
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Last Updated:24 January 2024
2 Year Fixed Rate – DIX263
|
Term:2 years |
Initial Rate1:5.89% |
Overall Cost for Comparison2:7.2% APRC |
MAX LTV3:Over 80% and up to 90% |
Early Repayment Change:2% in Year 1, 1% in Year 2 |
Product Fees:£199 Application Fee, £800 Completion Fee |
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Representative Example:
A £1,000 Completion Fee added to the loan amount would increase in value over the term of the mortgage and an illustrative example is provided below based on a static rate over a 10, 15 or 25 year term.
|
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Last Updated:24 January 2024
2 Year Fixed Rate – DIX262
|
Term:2 years |
Initial Rate1:5.59% |
Overall Cost for Comparison2:7.2% APRC |
MAX LTV3:80% |
Early Repayment Change:2% in Year 1, 1% in Year 2 |
Product Fees:£199 Application Fee, £800 Completion Fee |
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Representative Example:
A £1,000 Completion Fee added to the loan amount would increase in value over the term of the mortgage and an illustrative example is provided below based on a static rate over a 10, 15 or 25 year term.
|
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Last Updated:4 December 2023
2 Year Discounted Variable Rate – DID169
|
Term:2 years |
Initial Rate1:5.65% variable |
Overall Cost for Comparison2:7.2% APRC |
MAX LTV3:80% |
Early Repayment Change:2% in Year 1, 1% in Year 2 |
Product Fees:£199 application fee, £800 completion fee |
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Representative Example:
A £1,000 Completion Fee added to the loan amount would increase in value over the term of the mortgage and an illustrative example is provided below based on a static rate over a 10, 15 or 25 year term.
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Last Updated:4 December 2023
2 Year Discounted Variable Rate – DID166
|
Term:2 years |
Initial Rate1:6.25% variable |
Overall Cost for Comparison2:7.3% APRC |
MAX LTV3:over 80% and up to 90% |
Early Repayment Change:2% in Year 1, 1% in Year 2 |
Product Fees:£199 application fee, £800 completion fee |
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Representative Example:
A £1,000 Completion Fee added to the loan amount would increase in value over the term of the mortgage and an illustrative example is provided below based on a static rate over a 10, 15 or 25 year term.
|
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Last Updated:28 December 2023
2 Year Discounted Variable Rate – DID168
|
Term:2 years |
Initial Rate1:5.53% variable |
Overall Cost for Comparison2:7.1% APRC |
MAX LTV3:75% (70% for loans over £750,000 and under £1m) |
Early Repayment Change:2% in year one, followed by 1% in year two |
Product Fees:£199 application fee, 0.50% completion fee |
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Representative Example:
A £1,000 Completion Fee added to the loan amount would increase in value over the term of the mortgage and an illustrative example is provided below based on a static rate over a 10, 15 or 25 year term.
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Shared Ownership (2) |
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Last Updated:9 February 2024
Shared Ownership Fixed Rate until 13 April 2029 – SX-032
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Term:Until 13 April 2029 |
Initial Rate1:5.43% |
Overall Cost for Comparison2:6.8% APRC |
MAX LTV3:95% of the share being purchased, 75% property value |
Early Repayment Change:3% until 13 April 2027, 2% until 13 April 2028, 1% until 2029 |
Product Fees:None |
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Representative Example:A mortgage of £81,000.00 payable over 35 years initially on a fixed rate of 5.43% until 13 April 2029 then on our follow-on rate of a 1.74% discount off our standard variable rate (currently 8.89%) giving a rate of 7.15% variable for the remaining 29 years 10 months would require 61 monthly payments of £431.62 and 358 monthly payments of £518.09; plus one initial interest payment of £348.50. The total amount payable would be £212,653.54 made up of the loan amount, plus interest and fee(s) totalling £131,653.54. This includes Legal Fees (£350), Chaps Fee (£25) and Redemption Administration Fee (£125). The overall cost for comparison is 6.8% APRC representative.
A representative example is designed to help understanding of the typical cost of this mortgage. This is not an illustration and is only provided as an example. |
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Last Updated:9 February 2024
Shared Ownership 2 Year Fixed Rate – SX-031
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Term:2 years |
Initial Rate1:5.99% |
Overall Cost for Comparison2:7.2% APRC |
MAX LTV3:95% of the share being purchased, 75% property value |
Early Repayment Change:2% in Year 1, 1% in Year 2 |
Product Fees:None |
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Representative Example:A mortgage of £81,000.00 payable over 35 years initially on a fixed rate of 5.99% for 2 years then on our follow-on rate of a 1.74% discount off our standard variable rate (currently 8.89%) giving a rate of 7.15% variable for the remaining 33 years would require 23 monthly payments of £461.63 and 396 monthly payments of £524.33; plus one initial interest payment of £384.44. The total amount payable would be £219,136.61 made up of the loan amount, plus interest and fee(s) totalling £138,136.61. This includes Legal Fees (£350), Chaps Fee (£25) and Redemption Administration Fee (£125). The overall cost for comparison is 7.2% APRC representative.
A representative example is designed to help understanding of the typical cost of this mortgage. This is not an illustration and is only provided as an example. |
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