The following is a representative example based on a mortgage of £160,315 over 25 years initially on a discounted rate of 6.80% for 2 years followed by our Standard Variable Rate of 8.39%. This example you would make 24 monthly payments of £1,112.70 and 276 payments of £1,269.89. This example assumes the repayment method is capital and interest.
The total amount payable would be £378,469.44 made up of the loan amount, plus interest of £216,879.44, a Funds Transfer Fee (£25.00), Valuation fee (£505.00), a Buildloan Arrangement fee (£695.00), and a Mortgage Exit Administration fee (£50.00).
The overall cost for comparison is 8.5% APRC representative.
Note: What you will pay may vary from this and will depend on your personal circumstances.