Please note this representative example takes into account the reduction in Standard Variable Rate due to take effect on 25th July 2025 (8.39% reducing to 8.29%). The representative example uses the lower Standard Variable Rate of 8.29%.
The following is a representative example based on a mortgage of £180,000 payable over 25 years initially on a fixed rate of 4.29% until 31st August 2027, a further discounted variable rate of 7.04% until 31st August 2031, followed by our Standard Variable Rate of 8.29%. In this example you would make 27 monthly payments of £979.16, followed by 48 monthly payments of £1,254.31 followed by 225 payments of £1,372.53.
The total amount payable would be £395,513.45 made up of the loan amount plus interest of £215,463.45 and a Mortgage Exit Administration Fee (£50.00).
The overall cost for comparison is 7.2% APRC representative.
Note: What you will pay may vary from this and will depend on your personal circumstances.