Examples of Estimated Loan Costs
Below repayment examples are for indicative cost purposes only, your actual rate could be higher or lower.
£10K loan
Purchase Price (Security Property): £60,000
Loan Requested: £10,000
Term: 2 months
Net LTV: 17%
- Interest Rate: 1.45% per month
- Monthly Interest: £10,000 × 1.45% = £145
- Total Interest (2 months): £145 × 2 = £290
- Lender Arrangement Fee (1%): £10,000 × 1% = £100
Summary:
Loan Amount: £10,000
Arrangement Fee: £100
Total Interest: £290
Total to Repay: £10,000 + £100 + £290 = £10,390
£25K loan
Purchase Price (Security Property): £110,000
Loan Requested: £25,000
Term: 5 months
Net LTV: 23%
- Interest Rate: 1.25% per month
- Monthly Interest: £25,000 × 1.25% = £312.50
- Total Interest (5 months): £312.50 × 5 = £1,562.50
- Lender Arrangement Fee (1%): £25,000 × 1% = £250
Summary:
Loan Amount: £25,000
Arrangement Fee: £250
Total Interest: £1,562.50
Total to Repay: £25,000 + £250 + £1,562.50 = £26,812.50
£40K loan
Purchase Price (Security Property): £165,000
Loan Requested: £40,000
Term: 7 months
Net LTV: 24%
- Interest Rate: 1.10% per month
- Monthly Interest: £40,000 × 1.10% = £440
- Total Interest (7 months): £440 × 7 = £3,080
- Lender Arrangement Fee (1%): £40,000 × 1% = £400
Summary:
Loan Amount: £40,000
Arrangement Fee: £400
Total Interest: £3,080
Total to Repay: £40,000 + £400 + £3,080 = £43,480
£50K loan
Purchase Price (Security Property): £90,000
Loan Requested: £50,000
Term: 9 months
Net LTV: 55%
- Interest Rate: 1.5% per month
- Monthly Interest: £50,000 × 1.5% = £750
- Total Interest (9 months): £750 × 9 = £6,750
- Lender Arrangement Fee (1%): £50,000 × 1% = £500
Summary:
Loan Amount: £50,000
Arrangement Fee: £500
Total Interest: £6,750
Total to Repay: £50,000 + £500 + £6,750 = £57,250
£100K loan
Purchase Price (Security Property): £165,000
Loan Requested: £100,000
Term: 6 months
Net LTV: 61%
- Interest Rate: 1.5% per month
- Monthly Interest: £100,000 × 1.5% = £1,500
- Total Interest (6 months): £1,500 × 6 = £9,000
- Lender Arrangement Fee (1%): £100,000 × 1% = £1,000
Summary:
Loan Amount: £100,000
Arrangement Fee: £1,000
Total Interest: £9,000
Total to Repay: £100,000 + £1,000 + £9,000 = £110,000
£150K loan
Purchase Price (Security Property): £250,000
Loan Requested: £150,000
Term: 12 months
Net LTV: 60%
- Interest Rate: 1.5% per month
- Monthly Interest: £150,000 × 1.5% = £2,250
- Total Interest (12 months): £2,250 × 12 = £27,000
- Lender Arrangement Fee (1%): £150,000 × 1% = £1,500
Summary:
Loan Amount: £150,000
Arrangement Fee: £1,500
Total Interest: £27,000
Total to Repay: £150,000 + £1,500 + £27,000 = £178,500
£175K Loan
Purchase Price (Security Property): £290,000
Loan Requested: £175,000
Term: 8 months
Net LTV: 60.3%
- Interest Rate: 1.10% per month
- Monthly Interest: £175,000 × 1.10% = £1,925
- Total Interest (8 months): £1,925 × 8 = £15,400
- Lender Arrangement Fee (1%): £175,000 × 1% = £1,750
Summary:
Loan Amount: £175,000
Arrangement Fee: £1,750
Total Interest: £15,400
Total to Repay: £175,000 + £1,750 + £15,400 = £192,150
£250K loan
Purchase Price (Security Property): £320,000
Loan Requested: £250,000
Term: 11 months
Net LTV: 78.1%
- Interest Rate: 1.25% per month
- Monthly Interest: £250,000 × 1.25% = £3,125
- Total Interest (11 months): £3,125 × 11 = £34,375
- Lender Arrangement Fee (1%): £250,000 × 1% = £2,500
Summary:
Loan Amount: £250,000
Arrangement Fee: £2,500
Total Interest: £34,375
Total to Repay: £250,000 + £2,500 + £34,375 = £286,875
£400K loan
Purchase Price (Security Property): £500,000
Loan Requested: £400,000
Term: 10 months
Net LTV: 80%
- Interest Rate: 1.5% per month
- Monthly Interest: £400,000 × 1.5% = £6,000
- Total Interest (10 months): £6,000 × 10 = £60,000
- Lender Arrangement Fee (1%): £400,000 × 1% = £4,000
Summary:
Loan Amount: £400,000
Arrangement Fee: £4,000
Total Interest: £60,000
Total to Repay: £400,000 + £4,000 + £60,000 = £464,000