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Figures based on purchase rates on a capital and interest mortgage of £210,000 on a property valuation of £300,000 over a term of 25 years. Rates correct as of 1st September 2017.

FIXED RATES - RESIDENTIAL

Initial Interest Rate

Initial Monthly Payment

Lenders Fee

Early Repayment Charge

1.43% fixed till 28/02/2019.

Then changing to the lender’s standard variable rate, which is currently 4.24%.

The overall cost for comparison is 3.85% APRC

£832.98 for 24 months; then payments at the standard variable rate (currently 4.24%) of £1,111.96.

An arrangement fee of £495.

3% of the outstanding loan if mortgage is repaid before 31/10/2018.

2% of the outstanding loan if mortgage is repaid before 31/10/2019 and a fee which is currently £195.

BASE RATE TRACKER - RESIDENTIAL

Initial Interest Rate

Initial Monthly Payment

Lenders Fee

Early Repayment Charge

Bank of England base rate plus 0.84% for 2 years, to give a current variable rate of 1.09%.

Then changing to the lender’s standard variable rate, currently 3.69% for the remaining term of the mortgage.

The overall cost for comparison is 3.34% APRC

£800.02 for 24 months; then payments at the standard variable rate (currently 3.69%) of £1,050.47.

An arrangement fee of £650.

The mortgage may be repaid at any time without incurring a charge.

FIXED RATES - BUY TO LET

Initial Interest Rate

Initial Monthly Payment

Lenders Fee

Early Repayment Charge

1.88% fixed till 30/11/2019.

Then changing to the lender’s standard variable rate, which is currently 4.24%.

The overall cost for comparison is 3.94% APRC

£877.88 for 25 months; then payments at the lender’s standard variable rate (currently 4.24%) of £1,115.47.

An arrangement fee of £995.

3% of the outstanding loan if mortgage is repaid before 30/11/2018.

2% of the outstanding loan if mortgage is repaid before 30/11/2019.

In addition, a Mortgage Exit Fee of £195 is also payable.

BASE RATE TRACKER - BUY TO LET

Initial Interest Rate

Initial Monthly Payment

Lenders Fee

Early Repayment Charge

Bank of England base rate plus 1.64% till 01/01/2020, to give a current variable rate of 1.89%.

Then changing to the lender’s standard variable rate, currently 4.74%.

The overall cost for comparison is 4.32% APRC

£878.89 for 27 months; then payments at the lender’s standard variable rate (currently 4.74%) of £1,167.96.

An arrangement fee of £995.

1% of the outstanding loan if mortgage is repaid before 01/01/2020.

In addition, a Mortgage Exit Fee of £50 is also payable.

Source: Trigold 1st September 2017

The Financial Conduct Authority do not regulate on some forms of buy to let mortgages.

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

For mortgages we give clients the option to pay by fee rather than commission. The level of fees will vary according to individual circumstances, but will typically be 0.5% of the loan amount.

Personalised recommendations available on request.

Referral Scheme

For every referred client who completes a mortgage using the mortgage services provided by IDFM (City) Ltd – a complimentary bottle of Champagne.

Please contact IDFM (City) Ltd on 0845 2706160 for further information
or email peter@idfmcity.com
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