A typical €100,000, 20 year mortgage for an Owner Occupier Residential Property with a ‘Green’ Fixed rate of 2.45% and APRC 2.89%, this includes 60 monthly fixed repayments of €527.23 and 180 variable payments of €553.59 (based on today’s SVR rate of 3.15%). If the interest rate does not vary during the term of the mortgage, the total cost of credit i.e. the total amount repayable less than the amount of the loan would be €31,280 (inclusive of €215.00 valuation report fees and security release fee of €60.00). The total amount repayable would be €131,280. The effect of a 1% increase in the prevailing SVR (3.15%) will add €38.97 to the 180 monthly variable repayments.
|WARNING: If you do not keep up your repayments you may lose your home.|
|WARNING: You may have to pay charges if you pay off a fixed-rate loan early.|
|WARNING: The cost of your monthly repayments may increase.|
|WARNING: If you do not meet the repayments on your loan, your account will go into arrears.
This may affect your credit rating, which may limit your ability to access credit in the future.