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Pre-Decision Brief Quote

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From the start of your mortgage you will pay £382 per month until Jul 2023,then £490 up to August 2046

Your initial costs to set up your mortgage will be:

Commitment Fee:
£0 (upfront)
Booking Fee:
£999 (upfront)

Selected Rate Details

Lender ID:
71
Property Valuation:
£300,000
Product:
£100000
1.12%, 02/07/2023 on a Fixed basis.
Annual Percentage Rate:
3.00%
Loan to Value:
60%
Debts Accepted:
Minor
  • This rate requires a Mortgage Indemnity Guarantee (MIG).
  • This rate is portable.
The usual rate for this product today is 3.31%

Early Redemption Penalty

If before 2nd July 2023 you will need to pay 3% + £225 should you repay your mortgage debt.

Some Small Print

A first charge over your property is required as security for the loan.
This illustration does not constitute an offer of an advance, nor does it bind the lender in any way to make an advance.
The formal mortgage offer of an advance will be subject to a valuation and other satisfactory references.
Whilst great care has been taken when compiling these details, no liability can be accepted as all rates and conditions should be checked before finalising any arrangements.
Lenders indemnity premium is a one off insurance charge that you will have to pay the lender. The insurance is to cover the lender in the event that they have to reposess your home and sell it for less than the amount owing on the mortgage.

The quotation is subject to the availability of funds and no change in lending criteria.

Repayment Schedule

Year/Month Rate Monthly Payment Balance
Start £100,000
Month 1 1.12% £382 £99,666
Month 2 1.12% £382 £99,332
Month 3 1.12% £382 £98,998
Month 4 1.12% £382 £98,664
Month 5 1.12% £382 £98,330
Month 6 1.12% £382 £97,996
Month 7 1.12% £382 £97,662
Month 8 1.12% £382 £97,328
Month 9 1.12% £382 £96,994
Month 10 1.12% £382 £96,660
Month 11 1.12% £382 £96,326
Month 12 1.12% £382 £95,992
Year 1 1.12% £382 £95,992
Year 2 3.31% £382 £91,984
Year 3 3.31% £490 £87,976
Year 4 3.31% £490 £83,968
Year 5 3.31% £490 £79,960
Year 6 3.31% £490 £75,952
Year 7 3.31% £490 £71,944
Year 8 3.31% £490 £67,936
Year 9 3.31% £490 £63,928
Year 10 3.31% £490 £59,920
Year 11 3.31% £490 £55,912
Year 12 3.31% £490 £51,904
Year 13 3.31% £490 £47,896
Year 14 3.31% £490 £43,888
Year 15 3.31% £490 £39,880
Year 16 3.31% £490 £35,872
Year 17 3.31% £490 £31,864
Year 18 3.31% £490 £27,856
Year 19 3.31% £490 £23,848
Year 20 3.31% £490 £19,840
Year 21 3.31% £490 £15,832
Year 22 3.31% £490 £11,824
Year 23 3.31% £490 £7,816
Year 24 3.31% £490 £3,808
Year 25 3.31% £490 £0

Totals

Total Amount payable:
£144,408
Total charge for credit:
£44,408
No credit search will be undertaken by www.MortgageShop.com in the processing of any initial enquiry. YOUR HOME IS AT RISK IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER LOAN SECURED ON IT. We are a mortgage advice firm not a mortgage lender, no commitment of a mortgage offer should be assumed until you and your solicitors have received formal written confirmation from a lender.
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