 |
 |
 |
 |
|
|
Typical example: Customer has 2 defaults totalling £3,000. 1 ccj of £1,250 and 1 missed mortgage payment.Client is looking to borrow £125,202.00. Lenders' fees of £795.00 which would be added to the loan,. A brokers fee was not added in this example.Total borrowing therefore is £125,997.00 to be repaid over 25 yrs. Initial fixed rate of 5.99% for 3 years reverting to LIBOR plus 2% which is currently 6.7%. This would mean 36 monthly payments of £811.30, followed by 264 monthly payments of £861.77. The total amount repayable would be £256,714.08.
Current initial interest rates, range from 4.19% to 7.49%. The average overall cost for comparison is 7.0% APR variable The actual rate available will depend upon your circumstances. Ask for a personalised illustration
*A brokers fee (typically £2500) and a lenders fee (typically £795) will be added to your mortgage on completion.
**Adding existing debt to your mortgage will increase the overall cost and may increase your repayment terms. Early repayment charges may apply and will vary depending on the mortgage you choose.
*** Based on remortgage completions between 01/03/06-26/06/06
Loans are subject to status and available to homeowners aged over 18 and resident in the UK. Calls may be recorded for training or monitoring purposes.
