The Example assumes a purchase price of £129,995 with a personal deposit of 10% [£13,000] therefore the basic mortgage debt is £116,995. The rate is fixed at 3.65% fixed until 31st January 2026. After the fixed rate period the mortgage will revert to the lenders standard base lending rate (currently 3.59%). There is an early repayment charge on the mortgage of £3,539.82 until 31/01/2026. This charge is payable if all of the debt is repaid.  A proportionate charge is payable for partial repayment.  You are free to move the mortgage to another lender after the fixed rate term has ended. The APRC for this mortgage scheme is 3.74% and the total amount payable of the 35 year term will be £208,063.60. This means that every £1 borrowed will cost £1.76 to repay. There is an arrangement fee of £999 added to the loan. Standard mortgage valuation is free. There is a funds release fee of £35.00 payable on application and a redemption fee of £80.00 payable when the mortgage is redeemed. The monthly mortgage payment currently would be £497.97 until 31/01/2026. 

Additional costs for life insurance cover and insurance of your contents may need to be added to the above monthly figure.  For apartments the insurance in the building is incorporated into the service scheme. 

The mortgage is subject to status and credit scoring by the lender, the example does not represent any form of mortgage offer and does not oblige the lender to provide a mortgage.  Not all mortgages are regulated by the Financial Services Authority.  YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. Written illustrations are available upon request. 

These figures are subject to change and are correct as of  16/01/2021