A mortgage of £216,225 payable over 23 years,
initially on a fixed rate until 31/03/26 at 1.29%
and then on a variable rate of 4.49% for the
remaining 18 years would require 62 payments
of £915.77 and 214 payments of £1,779.53. The
total amount payable would be £310,329 made
up of the loan amount plus interest (£92,972)
and fees (£1,132). The overall cost for
comparison is 3.2% APRC representative.
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