Mortgage illustration
We do not currently provide a mortgage illustration on-line. We will however provide a written mortgage illustration once we have discussed your plans and feel we are able to help. Please see the typical example below for a guide as to how much repayments will cost:
Typical example: C-Change Sustainable Home (Discount Level 1)
| TYPE OF MORTGAGE | Residential Repayment |
|---|---|
| Term | 25 years |
| Amount | £160,000 |
| Property value | £200,000 |
| Standard variable interest rate (with effect from 1 Jan 2010) | 4.90% |
| C-Change Sustainable Home Discount applied for lifetime of loan | 0.5% |
| 300 monthly repayments | £880.27 |
| Total amount payable | £264,776.63 |
| The overall cost for comparison | 4.50% APR |
This example is based on the mortgage qualifying for a C-Change Sustainable Home discount of 0.5%, resulting in a discounted rate of 4.40%. To find out more about this range of discounts and how a property might qualify see our C-Change mortgage discounts section.
The example includes the following fees:
| Application fee | £250 |
|---|---|
| Valuation fee | £240 |
| Estimated legal fees | £205.63 |
There will be no fee for the initial release of funds sent by CHAPS to your solicitor's bank. However, any subsequent release by CHAPS will be charged at £25.
Upon redemption of your mortgage you will not be charged a Deeds Production Fee or a Redemption Sealing Fee.
