A mortgage of £104,500.00 payable over 22 years on our standard variable rate of 5.70 % would require 264 payments of £696.21.
The total amount payable would be £183,899.44 made up of the loan amount (£120,000) plus interest (£79,178.30) plus product fee of £0, account fee of £120 and mortgage exit fee of £100.
The overall cost for comparison is 5.9% APRC representative.
This representative example assumes a mortgage completion date on the 1st day of a calendar month.
The above representative example is for illustration purposes only and may vary depending on your personal circumstances.