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Initial Rate
This shows the initial rate of the mortgage taking into account any fixed or discounted rates which apply at the start of the mortgage.
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Until end date
This is the date that your initial rate will end.
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Followed by
Most products revert to a rate linked to the Bank of England Base Rate after the initial start rate, except those that follow the Society's standard variable base rate. For more details on a specific products reversion rate, please click through to the individual product page.
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Overall Cost for Comparision (APRC)
This refers to Annual Percentage Rate of Charge and is a means to compare the cost of credit. The APRC takes into account all fees (up front, on going, and end costs) involved in taking out a mortgage and is designed so that customers can easily compare different deals from different lenders.
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Max LTV (Loan to Value)
This is the size of the mortgage required in comparison to the value of the property. The LTV is shown as a percentage. For example, if you wanted to borrow £85,000 on a house values at £100,000 this would mean a LTV of 85%
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Booking Fee
The booking fee is the charge that a bank or building society may put on a product to secure the rate of the mortgage.
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Completion Fee
A one off fee that guarantees we can reserve funds for you in your chosen product. This can usually be added to your loan rather than paid in one go.
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Early Repayment Charge
A charge made for repaying your mortgage early, particularly during a fixed or discount rate period.
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Initial Estimated Monthly Payments
This is an estimated initial monthly repayment amount, based on a capital repayment.
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