Annual Percentage Rate (APR) | Jargon Buster on Chase De Vere Mortgage Management

Annual Percentage Rate (APR) | Jargon Buster on Chase De Vere Mortgage Management

Annual Percentage Rate (APR)

Annual Percentage Rate (APR)

Definition

Annual Percentage Rate. This takes into account all costs and fees relating to the mortgage, as well as the mortgage interest rate. All lenders must give APR figures in addition to their mortgage rate to help borrowers compare deals more effectively.

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Your home may be repossessed if you do not keep up repayments on your mortgage. Depending on your circumstances, we charge up to 1.5% of the loan amount for residential mortgages and up to 2.5% for buy-to-let mortgages.

The actual amount you pay will reflect any commissions we receive from the lender.

Authorised and regulated by the Financial Services Authority in respect of advising on and arranging residential mortgages and general insurance only.

The Financial Services Authority does not regulate buy-to-let, second charge or commercial mortgages. FSA authorisation number: 304777.

Chase De Vere Mortgage Management, St. James House, 23 King Street, London, SW1Y 6QY | Registered in England No. 2788320

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