Additional Borrowing (Residential) Standard Variable Rate – up to 90% LTV
STANDARD VARIABLE RATE of 8.69% 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 £12,000.00 payable over 5 years on our Standard Variable Rate currently at 8.69% for the mortgage term. This would require 60 monthly payments of £250.60. The total amount payable would be £15,330.00 made up of the loan amount plus interest (£2,876.00), 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 10.8% APRC representative.