Mortgage product
information.
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Additional Borrowing (Self Build) Standard Variable Rate – up to 80% LTV
Mortgage details | |
---|---|
Initial rate | 8.69% (SVR) |
Rate Type | Variable |
Rate Term | 3 year |
APRC | 9.2% |
Standard rate | STANDARD VARIABLE RATE of 8.69% 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 £46,600.00 payable over 22 years on our Standard Variable Rate currently at 8.69% for the mortgage term. This would require 264 monthly payments of £397.83. The total amount payable would be £105,321.12 made up of the loan amount plus interest (£58,267.12), 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 9.2% APRC representative.