Family assist

A mortgage of £200,091.00, payable over 28 years and 4 months (340 months) initially on a fixed rate for 5 years (60 months) of 6.25% and then on our current standard variable rate of 7.89% for the remaining 23 years and 4 months (280 months) would require 60 monthly payments of £1,257.07 then 280 monthly payments of £1,447.37 on a capital and interest repayment method. The total amount payable would be £482,168.29 made up of the loan amount plus interest (£281,483.29) with a £499.00 product fee, £10.00 CHAPS fee and a mortgage redemption administration fee of £85.00. The overall cost for comparison is 7.5% representative APRC.

A mortgage of £213,295.00, payable over 32 years and 0 months (384 months) initially on a fixed rate for 5 years (60 months) of 5.99% and then on our current standard variable rate of 7.89% for the remaining 25 years and 0 months (324 months) would require 60 monthly payments of £1,249.32 then 324 monthly payments of £1,496.79 on a capital and interest repayment method. The total amount payable would be £561,842.65 made up of the loan amount plus interest (£347,453.65) with a £999.00 product fee, £10.00 CHAPS fee and a redemption administration fee of £85.00. The overall cost for comparison is 7.5% representative APRC.

A mortgage of £193,525.00, payable over 6 years 8 months (80 months) on a discounted rate of 6.04% for the term of the mortgage (80 months) would require 80 monthly payments of £974.08 based on an interest-only repayment method. The total amount payable would be £273,033.93 made up of the loan amount plus interest (£78,914.93) and a £499.00 product fee, £10.00 CHAPS fee, and £85.00 redemption administration fee. The overall cost for comparison is 6.4% representative APRC.

A mortgage of £213,295.00, payable over 32 years and 0 months (384 months) initially on a fixed rate for 2 years (24 months) of 5.79% and then on our current standard variable rate of 7.89% for the remaining 30 years and 0 months (360 months) would require 24 monthly payments of £1,221.54 then 360 monthly payments of £1,513.32 on a capital and interest repayment method. The total amount payable would be £575,418.95 made up of the loan amount plus interest (£361,529.95) with a £499.00 product fee, £10.00 CHAPS fee and a redemption administration fee of £85.00. The overall cost for comparison is 7.8% representative APRC.

A mortgage of £232,282.00, payable over 25 years and 0 months (300 months) initially on a discounted rate for 2 years (24 months) of 6.09% and then on our current standard variable rate of 7.89% for the remaining 23 years and 0 months (276 months) would require 24 monthly payments of £1,509.40 then 276 monthly payments of £1,760.40 on a capital and interest repayment method. The total amount payable would be £523,683.49 made up of the loan amount plus interest (£290,807.49) with a £499.00 product fee, £10.00 CHAPS fee, and £85.00 redemption administration fee. The overall cost for comparison is 7.9% representative APRC.

A mortgage of £193,525.00, payable over 6 years 8 months (80 months) on a discounted rate of 6.35% for the term of the mortgage (80 months) would require 80 monthly payments of £1,024.07. This is based on an interest-only repayment method. The total amount payable would be £277,084.18 made up of the loan amount plus interest (£82,965.18) and a £499.00 completion fee, £10.00 CHAPS fee, and £85.00 redemption administration fee. The overall cost for comparison is 6.7% representative APRC.