5% deposit
- Purchase price – £125,000
- Loan amount – £118,750
- Deposit – £6,250
- Term – 30 years
- Product – A fixed rate of 3.99% until 01/07/2020
- Valuation fee – £175
- Cash back – £1,200 at completion
- Monthly payment – £567.22
Fixed until 01/07/2020 when the rate reverts to the standard variable rate which is currently 4.75%. The overall cost for comparison is 4.7% APRC. 37 payments of £567.22 based on a fixed rate of 3.99%. 323 payments of £616.20 based on rate of 4.75%. The total amount payable is £220,615.
