2 Year Fixed Rate Homes by Esh – 90% LTV
Overall cost for comparison
Early Repayment Charges and other fees may apply. We will lend a minimum of £100,000 to borrowers purchasing a home outside our local operating postcodes which are: TS, DL, DH, SR, YO & HG.
Based on a mortgage of £120,000 payable over 21 years, initially on our 3.29% Fixed rate for 2 years and 4 months, and then on our Standard Variable rate currently 5.3% for the remaining 18 years and 8 months. This would require 28 monthly payments of £672.38 and all remaining instalments of £784.89
The total amount payable would be £194,732.00, made up of the loan amount plus interest of £73,543.39, a product fee of £1,099 and account fee of £0.
The overall cost for comparison is 5.10% APRC.
If all or part of your income is in a currency other than Pound Sterling (£), you should be aware about the risks of fluctuations in currency exchange rates. If the value of the relevant currency moves against you by at least 20% then that may make it more difficult for you to afford your mortgage payments.
The Representative Example is based on mortgages sold between 01/01/2018 – 31/12/2018 and if you were to take your mortgage product as at 01/10/2021.
All above information is for illustration purposes only and may vary depending on personal circumstances.