A mortgage of £177,700 payable over 30 years on a capital and interest repayment basis initially on a fixed rate for 67 months at 2.89% and then on our Standard Variable Rate, currently 5.20% for the remaining 293 months. The first 67 months would require 67 monthly payments of £738.69 followed by 293 monthly payments of £935.90.
The total amount payable would be £325,234.93 made up of the loan amount plus interest (£146,010.93), Arrangement Fee
(£899) Standard Valuation Fee (£205), Solicitor Fee (£250), Funds Transfer Fee (£15) and a Mortgage Exit Fee (£155).
The overall cost for comparison is 4.4% APRC representative.