Representative example A mortgage of £209,101 payable over 23 years, initially on a fixed rate until 30/06/26 at 1.28% and then on a variable rate of 4.34% for the remaining 18 years would require 62 payments of £884.63 and 214 payments of £1,127.18. The total amount payable would be £297,113 made up of the loan amount plus interest (£86,963) and fees (£1,049). The overall cost for comparison is 3.2% APRC representative.