This table is based on a property value of £200,000 and a mortgage secured against that property of £100,000 calculated on a capital and interest basis (repayment mortgage) over 25 years.
Source: Mortgage Brain. This information was last revised on 18 Apr 2021 at 02:39 hours
Disclaimer: This information does not contain all of the details you need to choose a mortgage. Make sure that you read the separate key facts illustration before you make a decision. Representative example: A mortgage of £186,895 payable over 24 years, initially on a fixed rate for 24 months at a typical interest rate of 2.67%, reverting to a variable rate of 4.55% for the remaining 264 months would require 24 monthly payments of £854.53 and 264 monthly payments of £1,030.74. The total amount payable would be £306,164.17 made up of the loan amount plus interest and an arrangement fee of £995. The overall cost for comparison is 4.36% APRC representative.