A mortgage of £220,000 against a property costing £300,000 over a term of 35 years on an initial 5 Year Fixed Rate at 5.15% (fixed) would require 60 monthly payments of £1,131.45, 108 monthly payments of £1,316.56 based on our Standard Mortgage Rate (at 60-75% LTV), currently 6.55% (variable) and 252 monthly payments of based on our Standard Mortgage Rate (at 0-60% LTV), currently 6.50% (variable).

The total amount payable would be £541,684.84, made up of the loan amount (£220,000.00) plus interest (£320,494.84), application fee (£195.00), completion fee (£995.00) and valuation fee (£0.00). The overall cost for comparison is 6.25% APRC Representative.

This Representative Example is for illustration purposes only. It is not an offer. These figures are representative of the typical costs and repayments for this type of mortgage based on capital repayment. Your actual costs and monthly repayments will vary depending on your mortgage.