Mortgage product
information.
Additional Borrowing (Self Build) Standard Variable Rate – up to 80% LTV
| Mortgage details | |
|---|---|
Initial rate | 5.24% (SVR) |
Rate Type | Variable |
Rate Term | |
APRC | 5.5% |
Standard rate | STANDARD VARIABLE RATE of 5.24% for the life of the loan |
Fees | Application Fee: Completion Fee: Valuation Fee: CHAPS (Fee for transfer of funds to solicitor): |
Maximum loan | £500,000 |
Maximum LTV | 80% |
Additional information | Unlimited fee free over-payments. |
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
Representative example
A mortgage of £49,000.00 payable over 29 years on our Standard Variable Rate currently at 5.24% would require 348 monthly payments of £275.04. The total amount payable would be £96,007.92 made up of the loan amount plus interest (£46,553.92), an application fee of £199, a completion fee of £125. a mortgage discharge fee of £95 and a mortgage funds release fee of £35. The overall cost for comparison is 5.5% APRC representative.