Variable rate

A mortgage of £184,880.00, payable over 16 years and 1 month (193 months) on a discounted rate for the term of the mortgage of 5.45% would require 193 monthly payments of £839.66. This is based on an interest-only repayment method. The total amount payable would be £348,884.15 made up of the loan amount plus interest (£162,910.15) and a £999.00 product fee, £10.00 CHAPS fee, and £85.00 redemption administration fee. The overall cost for comparison is 5.7% 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 £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 product fee, £10.00 CHAPS fee, and £85.00 redemption administration fee. The overall cost for comparison is 6.7% representative APRC.