Low, competitive rates
No monthly payments required
CCJ’s, arrears & defaults considered
Free personalised quote
An interest only mortgage of £225,000 payable over 12 months on a fixed rate of 0.8% per month would require 12 monthly payments of £1,944.08.
The total amount payable would be £256,891.39 made up of the loan amount plus interest of £23,328.99, a facility fee of £4,552.40, assessment fee of £295, a funds transfer fee of £35, lender’s legal fee of £540, valuation fee of £400, broker fee of £2,620, and a redemption admin fee of £120.
The overall cost for comparison is 14.2% APRC representative.
Based on £250000 over 9 months