Representative examples
Residential mortgages
The APRC is calculated based on the following: A repayment mortgage of £225,000 payable over 32 years initially on a rate fixed until 31/12/2027 at 5.52% followed by our RMVR, currently 6.54% variable, for the remaining term. This mortgage would require 24 monthly payments of £1,256.88, 358 monthly payments of £1,401.89, followed by a final payment of £1,057.31. The total amount payable would be £533,099.05, 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 £165,000 payable over 25 years initially on a fixed rate until 31/12/2027 at 5.29% and then on our BMVR rate currently 6.54% for the remaining term would require 24 monthly payments of £991.64 and 275 monthly payments of £1,109.23, followed by a final payment of £217.17. The total amount payable would be £329,054.78 made up of the loan amount plus interest and CHAPS fee of £20. Completion fee £0.