Legal & General Homes has taken all reasonable care in the preparation of the contents of this page and intends that the information is accurate at the time it is uploaded. However, as such information is subject to change we do not warrant its accuracy. The content on this page is provided for general information only. For any queries or further details please contact us here.
A £490,000 property is purchased with initial monthly repayments of £1,220.46
This is based on:
- A purchase price of £490,000
- A client deposit of £24,500
- Use of the Government Help to Buy Scheme – 20% contribution of £98,000
- A repayment mortgage of £367,500 with Halifax Bank over 35 years
- Initially on a fixed rate of 1.99% until 30/06/2024. Followed by the current standard variable rate of 4.24% for 396 monthly payments of £1,621.44
The total amount payable would be £656,104.33 made up of the loan amount plus interest and product fee £1,499. In addition, a Valuation Fee of £200 applies.
The overall cost for comparison is 3.6% APRC representative (07.02.2019)
This example has been produced by Key Solutions Mortgages Ltd and there is no restriction on using them during any property purchase. It assumes a mortgage completion date on the 1st day of a calendar month and is typical of the costs and repayments for this type of mortgage and customer type. It is not an offer as the actual costs and monthly repayments will vary depending on your mortgage.
Prices are correct at the time of going to print and are subject to change. Management charges may apply per plot. Square footages are approximate and for guidance purposes only. Please speak to one of our Sales Consultants for further information.
Some images and videos used on our website are CGIs. These will be specified by an asterisk and are indicative and intended to act as a guide only.