This graph is only for illustration purposes to show the difference in mortgage solutions.

A guide of what could happen over a period of time, the figure used in this graph are only for example purposes.

Please note this only looks at your minimum capital payments and doesn’t include any voluntary overpayments you might make or interest rates.

  Example 1 Example 2
Mortgage type Capital and interest (Serial loan) Capital and interest (Amortising loan)
Max. loan to value 80% 80%
Amount borrowed £250,000 £250,000
Term 25 Years 25 Years
No. of Monthly instalments 300 300
Other costs
- Arrangement fee
- Valuation fee
- Legal fee
.
£625
£400
£1250
.
£625
£400
£1250
Borrowing rate 2.75%
(plus base rate)
2.75%
(plus base rate)
APRC 3% 3%
Initial payment £1,427 £1,166
Total interest payable £91,634 £102,111
Total amount repayable £341,634 £352,111
Security required Property Property

Are you eligible?

In order to find out if you are eligible for the Flex Mortgage we will assess your income and expenditure, assets and liabilities. This will help us determine the level of borrowing you will be eligible for.

There is no minimum loan amount for the Flex Mortgage, however the interest rate will vary depending on how much you borrow.

Your home may be repossessed if you do not keep up the repayments on your mortgage.