Representative example A mortgage of £202,861 payable over 22 years, initially on a fixed rate until 31/08/25 at 1.49% and then on a variable rate of 4.64% for the remaining 17 years would require 61 payments of £901.70 and 203 payments of £1,151.18. The total amount payable would be £289,789 made up of the loan amount plus interest (£85,832) and fees (£1,096). The overall cost for comparison is 3.4% APRC representative.