Often lenders entice potential borrowers with a “headline rate”, i.e., “2 YEAR FIXED @ 4.95%”.

There are however many other factors to consider including -

• Total Cost
• APR (Annual Percentage Rate)
• Initial Fees, i.e., arrangement or booking fees
• Any penalties that may apply
• Administration and Service Standards of the lender.
• Whether the lender is prepared to offer facilities in your specific circumstances.
  

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