Repayment mortgage of £160,000 with 300 monthly repayments. At end of initial period mortgage reverts to Standard Variable Rate (currently 4.24%, costing £845.55 p/m) for 276 months. Total amount payable £249,450: Interest (£88,210), Application fee (£999); Legal fee (£126), Funds transfer fee (£35); Mortgage discharge fee (£80); Any fees are assumed to be paid up front and not included in the amount borrowed. Costs based on assumed completion date of 31/01/2020.
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