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What these numbers mean
Use this quick guide to help you understand what each figure in our rates table tells you about our mortgages.
Monthly payment
This shows only what you’ll pay each month on a repayment mortgage during your initial deal period. It doesn’t take into account any fees or charges if you make changes to your mortgage.
Initial rate
This is the rate you'll get during your deal period.
Product fee
This tells you whether or not the mortgage includes a fee. Choosing to pay a fee means you’ll get a lower rate. Fees can be paid upfront or added to your mortgage balance - If added to the balance you will pay interest on the fee for the duration of your term.
Overall cost for comparison
The Annual Percentage Rate of Charge (APRC) is the total cost of the mortgage shown as an annual percentage. All lenders calculate APRC the same way to help you compare mortgage deals.
Total paid over X years
This is the total amount you’ll repay during your deal period only and doesn't include any product fee that might've come with your mortgage. Unless you then switch to a new mortgage deal, you’ll move onto our Standard Mortgage Rate (SMR) which is currently 3.59%.
