A mortgage of £123,000 payable over 20 years on our standard variable rate of 5.30% would require 240 payments of £833.08.
The total amount payable would be £189,612.36 made up of the loan amount (£123,000) plus interest (£76,819.14) plus product fee of £0, account fee of £120 and mortgage exit fee of £90.
The overall cost for comparison is 5.4% 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.