Your Mortgage Illustration will include:
• Monthly payment amount
• Any fees you have to pay
• Initial Rate, Standard Variable Rate and the overall cost for comparison APR
• Expiry date / duration of each interest rate
• Any Early Repayment Charge
• Features of the mortgage, and any restrictions relating to them.
Your Mortgage Illustration will be sent to you via post/email. It’s really important that you read it and understand what it says. Once you have read through and are comfortable with your Mortgage Illustration you can begin the application process.