Mortgage product
information.
Additional Borrowing (Self Build) Standard Variable Rate – up to 80% LTV
| Mortgage details | |
|---|---|
Initial rate | 8.44% (SVR) |
Rate Type | Variable |
Rate Term | 3 year |
APRC | 8.9% |
Standard rate | STANDARD VARIABLE RATE of 8.44% 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 8.44% for the mortgage term. This would require 264 monthly payments of £390.22. The total amount payable would be £103,312.08 made up of the loan amount plus interest (£56,258.08), 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 8.9% APRC representative.