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Second charge mortgages from 5.1% APRC.
Second charge mortgage representative example (If you chose to add fees to the loan) if you decided to take out a product with a broker.
Assumed borrowing of £35,000 over 120 months, plus a broker fee of £2,870 and lender fee of £367.50 would result in monthly repayments of £476.14, the borrowing rate is 8.6%, the APRC is 11.2% (variable), total charge for credit would be £22,136.80 and the total amount payable would be £57,136.80
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