To help you understand a typical cost for a mortgage, please see the representative example below. The figures used are for illustration purposes only, your actual costs and monthly payments will vary depending on your mortgage.
For example: A mortgage of £25,000 payable over 16.5 years, initially on a fixed rate for 5 years at 9.60% and then on a tracker at 2% above the Together Homeowner Managed Rate currently 8.50% (variable) for the remaining 11.5 years would require 60 instalments of £276.06 followed by 138 monthly payments of £287.91 plus a redemption administration fee of £100.00. Read more information on THMR.
The total amount payable would be £56,395.18 made up of the loan amount (£25,000) plus fees (arrangement fee (£995), broker fee (£1,388) and redemption administration fee (£100), plus interest (£28,912.18).
The overall cost for comparison is 12.1% APRC representative.
The actual rate available will depend upon your circumstances. Ask us for a personalised illustration.
|
To help you understand a typical cost for a mortgage, please see the representative example below. The figures used are for illustration purposes only, your actual costs and monthly payments will vary depending on your mortgage.
A mortgage of £105,000 payable over 18 years, initially on a fixed rate for 5 years at 8.10% and then on a tracker at 2% above the Together Homeowner Managed Rate (THMR) currently 8.50% (variable), for the remaining 13 years, would require 60 instalments of £955.70 followed by 156 monthly payments of £1,083.44 plus a redemption administration fee of £100.00. Read more information on THMR.
The total amount payable would be £226,458.64 made up of the loan amount (£105,000)plus fees (arrangement fee (£1,495), broker fee (£1,981) and redemption administration fee (£100), plus interest (£117,882.64).
The overall cost for comparison is 10.1% APRC representative.
The actual rate available will depend upon your circumstances. Ask us for a personalised illustration.
|