Additional Borrowing (Residential) Standard Variable Rate – up to 90% LTV
STANDARD VARIABLE RATE of 5.54% for the life of the loan
CHAPS (Fee for transfer of funds to solicitor):
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Unlimited fee free overpayments
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
A mortgage of £35,000.00 payable over 39 years on our Standard Variable Rate currently at 5.54% for the mortgage term. This would require 468 monthly payments of £183.59. The total amount payable would be £86,214.12 made up of the loan amount plus interest (£50,760.12), an application fee of £199, a completion fee of £125, a mortgage funds release fee of £35 and a mortgage exit fee of £95. The overall cost for comparison is 5.8% APRC representative.