Hancocks Mortgage Services

Important Credit Information

Loans are subject to status and are not available to under 18's or to non-UK residents.

Licensed under the Consumer Credit Act 1974

Hancocks Mortgage Services office: See address

Hancocks Mortgage Services is registered with The Mortgage Code Compliance Board.
MCCB Number: 5633704

Mortgages

A mortgage on your home is required and some lenders may require insurance.

Representative Examples

Type Of Mortgage	Initial Rate	Standard Variable Rate at Date of Commencement	APR	Monthly Payments	Application/Administration Fee	Total Amount Payable	Early Repayment Charge
Variable Rate	5.75%	5.75%	7.7%	300 at £287.50	Nil	£146,884.00	3 months interest at the variable rate during first year
Fixed Rate	5.39%	5.00% (Bank Base Rate plus 1.00%)	5.6%	59 at £426.71 followed by 241 at £395.83	£399.00	£218,153.92	7% of the amount redeemed until 28th February 2003, 6% until 28th February 2005 and 5% until 28th February 2007, plus £100 administration fee.
Discounted Rate for 1 year	4.80%	5.80%	6.0%	12 at £240.00 followed by 288 at £290.00	£300.00	£147,220.00	Repayment of the discount received during first 2 years
Bank Base Rate, currently 4.00%, plus 1.00% until 2nd September 2008	5.00%	5.95%	5.6%	80 at £250.00 followed by 220 at £297.50	Nil	£146,130.70	Nil
Capped Rate until 1st November 2004	5.99%	5.75%	6.7%	33 at £299.50 followed by 267 at £287.50	£295.00	£147,555.00	Nil

Representative Examples - assume the following:

A mortgage loan of £60,000 to purchase a property valued at £100,000 over 25 years (300 monthly payments). Rates are variable except for any period during which a fixed rate applies.
Estimated legal fees (including Land Registry fees) of £250 and sealing fee of £75.
For fixed, capped and discounted rate mortgages, it is assumed that the fixed/capped/discounted rate applies for the period of the fix/cap/discount, and that the rate then reverts to the standard variable rate applying at the commencement of the mortgage. In fact, the standard variable rate is likely to have changed by the end of the fixed/capped/discounted rate period.

The following information is intended to give you an idea of how much it would cost you to borrow the amount you require*. Look down the left to find the amount you want to borrow then look along the top to see the length of time you wish to repay the loan over. Your monthly repayments are in the box that intersects your chosen row and column. But please remember this is only a guide. You can call our experienced advisers at any time for assistance. Any secured loan is absed on an indivduals circumstances.

Examples
APR	Borrow	60 months	90 months	120 months	180 months	240 months	300 months
7.9%	£50,000	1006.00	732.26	598.00	468.50	408.00	375.00
	£45,000	905.40	659.03	538.20	421.65	367.20	337.50
	£40,000	804.80	585.81	478.40	374.80	326.40	300.00
	£35,000	704.20	512.58	418.60	327.95	285.60	262.50
9.7%	£30,000	627.65	464.79	385.50	310.31	276.43	258.70
	£25,000	523.05	387.32	321.25	258.59	230.36	215.58
	£20,000	418.44	309.86	257.00	206.87	184.29	172.46
11.4%	£17,000	368.64	277.17	233.06	191.98	174.13	165.20
	£15,000	325.27	244.56	205.64	169.40	153.65	145.76
	£12,000	260.22	195.65	164.51	135.52	122.92	116.61
	£10,000	216.85	163.04	137.09	112.93	102.43	97.17
12.9%	£9,000	201.24	153.24	130.31	109.34	100.53	96.31
	£8,500	190.06	144.73	123.07	103.26	94.95	90.96
	£8,000	178.88	136.22	115.83	97.19	89.36	85.61
	£7,500	167.70	127.70	108.59	91.12	83.78	80.26
	£7,000	156.52	119.19	101.35	85.04	78.19	74.91
	£6,500	145.34	110.67	94.11	78.97	72.61	69.56
	£6,000	134.16	102.16	86.88	72.89	67.02	64.21
	£5,000	111.80	85.13	72.40	60.74	55.85	53.51

* These illustrations are based upon assumed APR's,
which may not necessarily be applicable at the time of applying for a loan.

Typical example: A loan of £10,000 over 60 months = £216.85 per month. Total amount payable £13,011. APR 11.4% variable. For loans over £50,000 please call a loan adviser.

All loans subject to the lenderâ's underwriting criteria and applicant's status.

Important Credit Information

News Letter

CALL: 020 8303 2419




WRITTEN QUOTATION AVAILABLE ON REQUEST. LOANS SUBJECT TO STATUS. YOUR HOME IS AT RISK IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR OTHER LOAN SECURED ON IT. Please see important credit information. © Copyright 2005-2007. All rights reserved. Web Development - 3rd Eye Solutions