This website is for use by FCA authorised intermediaries only. If you are a customer please visit the customer section of our website.
This tool’s designed to show how April’s longer-term fixed rates automatically reduce in-line with LTV and clearly displays the average blended rate across the fixed rate period of the product.
A mortgage of £220,000 against a property costing £300,000 over a term of 35 years on an initial 5 Year Fixed Rate at 5.15% (fixed) would require 60 monthly payments of £1,131.45, 108 monthly payments of £1,316.56 based on our Standard Mortgage Rate (at 60-75% LTV), currently 6.55% (variable) and 252 monthly payments of based on our Standard Mortgage Rate (at 0-60% LTV), currently 6.50% (variable).
The total amount payable would be £541,684.84, made up of the loan amount (£220,000.00) plus interest (£320,494.84), application fee (£195.00), completion fee (£995.00) and valuation fee (£0.00). The overall cost for comparison is 6.25% APRC Representative.
This Representative Example is for illustration purposes only. It is not an offer. These figures are representative of the typical costs and repayments for this type of mortgage based on capital repayment. Your actual costs and monthly repayments will vary depending on your mortgage.
April Mortgages Limited. Registered Office: 158-160 North Gower Street, London, NW1 2ND. Registered in England and Wales company number: 13514833. April Mortgages Limited is authorised and regulated by the Financial Conduct Authority (FRN 989666).
