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Credit Renew 1 - 2 Year Discount 60% LTV
Initial Interest Rate
4.99%
Maximum Loan To Value (LTV)
60%
Overall Cost for Comparison
7.40%
Product Code
IP384
The following is a representative example based on a mortgage of £180,000 payable over 25 years initially on a discounted variable rate of 4.99% for 2 years, a further discounted variable rate of 6.89% for 4 years, followed by our Standard Variable Rate of 8.14%. In this example you would make 24 monthly payments of £1,051.21, 48 payments of £1,246.42 and 228 monthly payments of £1,365.76.
The total amount payable would be £398,072.48 made up of the loan amount plus interest of £216,450.48 and the following costs, a Scheme Fee of (£1,299.00), a Chaps/Telegraphic Transfer fee (£25.00), a Valuation Fee (£248.00), and a Mortgage Exit Administration Fee (£50.00).
The overall cost for comparison is 7.4% APRC representative.
Note: What you will pay may vary from this and will depend on your personal circumstances.
Credit Renew 1 - 2 Year Discount 90% LTV
Initial Interest Rate
6.34%
Maximum Loan To Value (LTV)
90%
Overall Cost for Comparison
7.70%
Product Code
IP385
The following is a representative example based on a mortgage of £180,000 payable over 25 years initially on a discounted variable rate of 6.34% for 2 years, a further discounted variable rate of 6.89% for 4 years, followed by our Standard Variable Rate of 8.14%. In this example you would make 24 monthly payments of £1,197.44, 48 payments of £1,256.07 and 228 monthly payments of £1,376.34.
The total amount payable would be £404,402.44 made up of the loan amount plus interest of £222,835.44 and the following costs, a Scheme Fee of (£1,299.00), a Chaps/Telegraphic Transfer fee (£25.00), a Valuation Fee (£193.00), and a Mortgage Exit Administration Fee (£50.00).
The overall cost for comparison is 7.7% APRC representative.
Note: What you will pay may vary from this and will depend on your personal circumstances.
Credit Renew 2 - 2 Year Discount 60% LTV
Initial Interest Rate
5.29%
Maximum Loan To Value (LTV)
60%
Overall Cost for Comparison
7.50%
Product Code
IP386
The following is a representative example based on a mortgage of £180,000 payable over 25 years initially on a discounted variable rate of 5.29% for 2 years, a further discounted variable rate of 6.89% for 4 years, followed by our Standard Variable Rate of 8.14%. In this example you would make 24 monthly payments of £1,082.90, 48 payments of £1,248.69 and 228 monthly payments of £1,368.25.
The total amount payable would be £399,509.72 made up of the loan amount plus interest of £217,887.72 and the following costs, a Scheme Fee of (£1,299.00), a Chaps/Telegraphic Transfer fee (£25.00), a Valuation Fee (£248.00), and a Mortgage Exit Administration Fee (£50.00).
The overall cost for comparison is 7.5% APRC representative.
Note: What you will pay may vary from this and will depend on your personal circumstances.
Credit Renew 2 - 2 Year Discount 70% LTV
Initial Interest Rate
6.39%
Maximum Loan To Value (LTV)
70%
Overall Cost for Comparison
7.70%
Product Code
IP387
The following is a representative example based on a mortgage of £180,000 payable over 25 years initially on a discounted variable rate of 6.39% for 2 years, a further variable discounted rate of 6.89% for 4 years, followed by our Standard Variable Rate of 8.14%. In this example you would make 24 monthly payments of £1,203.03, 48 payments of £1,256.40 and 228 monthly payments of £1,376.70.
The total amount payable would be £404,689.52 made up of the loan amount plus interest of £223,067.52 and the following costs, a Scheme Fee of (£1,299.00), a Chaps/Telegraphic Transfer fee (£25.00), a Valuation Fee (£248.00), and a Mortgage Exit Administration Fee (£50.00).
The overall cost for comparison is 7.7% APRC representative.
Note: What you will pay may vary from this and will depend on your personal circumstances.