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Your mortgage quotation
5.59% Fixed rate until 31/08/07
Please read the full product details below, then click the apply button to apply.
Please note that the Annual Percentage Rate (APR) quoted below is not specific to you, but is a typical APR for this type of product. You can request to have a personalised APR quoted to you with your written quotation and on your mortgage offer letter.
Please confirm that you have read the full product details:   
Click here to apply Apply for the mortgage
Loan summary
Lender:
Co-Operative Bank
Product Type:
Fixed
Initial Rate:
5.59%
Special rate period:
60 months
APR:
5.40%
Property value:
£100,000.00
Loan amount:
£90,000.00
Amount on interest only basis:
£50,000.00
Amount on repayment basis:
£40,000.00
Part capital & interest,part interest only 15 years
Total Initial monthly payments:
£563.66
Number of monthly payments:
180
Total interest payable:
£57,875.29
Total cost of credit:
£58,175.29
Total repayable to lender:
£148,175.29
Costs
Valuation & processing fee:
£0.00
Booking fee:
£0.00
Lender arrangement fee:
£300.00
Mortgage indemnity premium:
£0.00
Fee added to loan:
£300.00
Fees not added to loan:
£0.00
Estimated basic legal costs:
(excluding VAT, disbursements and stamp duty)
£0.00
Loan Condition
Early redemption penalties:
Some
Conditional insurance:
No
Features & Benefits
Interest rate calculated:
Daily
Rate payable after initial period ends:
5.09%
Cashback facility:
No
Is the loan portable?
Yes
Are overpayments allowed?
Yes
Are underpayments allowed?
Yes
Are payment holidays allowed?
Yes
Can overpayments be borrowed back?
Yes
Is there a pre - approved credit limit?
No
Is there a banking facility?
No
Additional features
1) Redemption penalties - 5% of the sum repaid for 1 year, 4% of the sum repaid for 1 year, 3% of the sum repaid for 1 year, 2% of the sum repaid for 1 year, then 1% of the sum repaid for 1 year.
2) Remortgages only - free basic valuation for all properties worth up to £500,000 in London, Surrey, Herts, Bucks and Berks, or up to £300,000 for all other areas. For properties over these amounts, the valuation fee will be by negotiation.
3) Remortgages only - free basic legal services, provided the lenders appointed solicitors are used.
4) Sole practitioner solicitors are not acceptable to the Bank.
5) 10% of the outstanding balance can be repaid per year, penalty free.
Important information
When fees are added to the loan, this reflects the usual practice of the lender concerned. However, in some cases, especially if the total loan facility exceeds 95% of the property value or purchase price, it may be necessary to pay the fee separately. This position will be clarified by the lender in their offer letter.
Some lenders may charge a sealing fee on full redemption of the loan. Although this charge is payable even if the loan runs to its full term, we have classified it as a redemption penalty only where it exceeds £200. Additionally, some lenders may charge a fee in the region of £25 if you do not take their buildings/contents insurance. The survey fee may vary if the lender instructs valuation.
The figures quoted are indicative of the likely monthly repayment rather than exact calculations. The APRs quoted are those typically offered by the lender, and may be varied at the lender's discretion. Figures believed correct at the time of issues, subject to change without notice. All loans subject to status and valuation. This is NOT an offer of mortgage.
You will also incur fees by appointing legal representation. You should understand that if you proceed with a remortgage which offers free basic legal services, that the Solicitors will represent the lender’s interest only and not your interests. You are responsible for any redemption penalty costs that may apply to your current mortgage or redemption and you will have to appoint your own Solicitor at your own cost if you wish to have your interests represented.
Payment Schedule
Year
Interest Only Balance
Repayment Balance
Capital Repaid
Interest Paid
Monthly Payment
1
£50,000.00
£40,300.00
£1,760.74
£5,003.12
£563.66
2
£50,000.00
£38,539.27
£1,861.72
£4,902.13
£563.66
3
£50,000.00
£36,677.56
£1,968.50
£4,795.35
£563.66
4
£50,000.00
£34,709.06
£2,081.40
£4,682.45
£563.66
5
£50,000.00
£32,627.66
£2,200.78
£4,563.07
£563.66
6
£50,000.00
£30,426.89
£2,389.17
£4,038.51
£535.64
7
£50,000.00
£28,037.72
£2,513.66
£3,914.02
£535.64
8
£50,000.00
£25,524.07
£2,644.63
£3,783.05
£535.64
9
£50,000.00
£22,879.44
£2,782.43
£3,645.25
£535.64
10
£50,000.00
£20,097.02
£2,927.40
£3,500.27
£535.64
11
£50,000.00
£17,169.62
£3,079.93
£3,347.74
£535.64
12
£50,000.00
£14,089.69
£3,240.41
£3,187.27
£535.64
13
£50,000.00
£10,849.28
£3,409.25
£3,018.43
£535.64
14
£50,000.00
£7,440.03
£3,586.89
£2,840.79
£535.64
15
£50,000.00
£3,853.15
£3,773.78
£2,653.90
£535.64
Please confirm that you have read the full product details:   
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Site map ©Charcol 2002 Site Terms of Business & Data Protection Statement
Charcol and Charcolonline (for the purpose of arranging mortgages) are trading names of Charcol Limited, which has approved this advertisement. Charcol limited is regulated by the Financial Services Authority and a member of the General Insurance Standards Council. The FSA does not regulate mortgage advice, health and medical insurance, general insurance and some forms of life assurance. Mortgage secured on property. Loans subject to status, type and value of property. Insurance may be required. If you chose to transact business through Charcol a credit broker fee of up to 1% of the amount borrowed may be charged, this does not apply when bought online through Charcolonline. A booking fee of £49 will be charged at application on all exclusive and shared exclusive products and may be refunded if the application does not proceed. Written quotations are available on request. Minimum age 18. Calls to Charcol or Charcolonline may be recorded for training and monitoring purposes. Head office: Lintas House, 15-19 New Fetter Lane, London EC4A 1AP. Tel.: 020 7611 7000. YOUR HOME IS AT RISK IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR OTHER LOAN SECURED ON IT.