Additional Borrowing (Self Build) Standard Variable Rate – up to 80% LTV
STANDARD VARIABLE RATE of 8.69% for the life of the loan
CHAPS (Fee for transfer of funds to solicitor):
You can see how our fees are calculated by clicking here
Unlimited fee free over-payments.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
A mortgage of £40,000.00 payable over 5 years on our Standard Variable Rate currently at 8.69% for the mortgage term. This would require 60 monthly payments of £827.63. The total amount payable would be £49,951.80 made up of the loan amount plus interest (£9,497.80), 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 9.6% APRC representative.