Representative examples
Residential mortgages
The APRC is calculated based on the following: A repayment mortgage of £220,000 payable over 32 years initially on a rate fixed until 30/06/2027 at 5.64% and then 5.99% variable until 60 months from the date of completion followed by our RMVR, currently 6.54% variable, for the remaining term. This mortgage would require 24 monthly payments of £1,237.77 and 36 monthly payments of £1,320.32 and 323 monthly payments of £1,392.80 followed by a final payment of £187.17. The total amount payable would be £527,297.57 made up of the loan amount plus interest and CHAPS fee of £20. Completion fee £0.
Buy to let mortgages
The APRC is calculated based on the following: An interest only mortgage of £164,500 payable over 25 years initially on a fixed rate until 30/06/2027 at 5.69% and then on our variable BMVR rate currently 6.54% for the remaining term would require 24 monthly payments of £780.09 and 276 monthly payments of £930.92. The total amount payable would be £440,262.70 made up of the loan amount plus interest and CHAPS fee of £20. Completion fee £0.