90% LTV - Variable
|90% LTV - Variable||6.20%||Term||90%||6.4% APRC||£0||£0||No|
|Starting Rate||6.20% variable (Stafford Railway’s Standard Variable Rate SVR) for the term|
|The overall cost for the comparison||6.4% APRC|
|Minimum Interest Rate||The interest rate on this product will not drop below 1.00%|
|Maximum Loan||Up to 80% LTV - £500,000 / 80% to 85% LTV - £350,000 / 85% to 90% LTV - £300,000|
|Early Repayment Charges||None
|Basic Valuation Fee||Fee applicable (See valuation fees)|
|Minimum Property Value||£100,000|
|Minimum Term||5 Years|
|Maximum Term||40 years|
|Maximum Age at Term End||95 (Mortgage must be finished by the oldest applicants 95th birthday)|
|Geographical Restrictions||We will lend throughout England and Wales only|
A mortgage of £155,200 payable over 12 years on a pay rate of 6.20% on our Standard Variable Rate (SVR) currently for term would require 144 monthly payments of £1,530.63. The total amount payable would be £220,920.72 made up of the loan amount plus interest (£65,720.72), a valuation fee of £335, a funds transfer fee of £30, estimated solicitors’ fees of £145. The overall cost for comparison is 6.4% APRC representative.
- This mortgage summary should be read in conjunction with the Terms and Conditions.
Rates effective from 01/10/2023.