Additional Borrowing (Self Build) Standard Variable Rate – up to 80% LTV
STANDARD VARIABLE RATE of 5.24% for the life of the loan
CHAPS (Fee for transfer of funds to solicitor):
Unlimited fee free over-payments.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
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.