86 Old Fort Lodge , Moyraverty Craigavon , BT65 5JH

IT IS CHEAPER TO BUY THAN RENT! Example: Purchase Price of £119 950 - with NI Co-ownership Housing Association buying a 50% share. Loan amount of £59 975. Rate 2.89% 2 year discount - reverting to Bank’s Standard Variable Rate, (currently 4%) for the remaining term. Monthly mortgage payments of £229.02 on a repayment mortgage over 35 yrs, followed by monthly repayments of £265.97 based on the lenders current variable rate of 4%. Arrangement fee of £495 - which is added to the loan and included in the monthly payments, free valuation, early repayment charges apply if you repay the mortgage within the first 2 years. The overall cost for comparison is 4.0% APR. Co-ownership Housing NI monthly rental payments of £124.95. Arrangement fee of £250 payable to Co-ownership Housing NI on application. Total monthly payment: £390.92 (As opposed to £500 monthly rent on a similar property) Your home may be repossessed if you do not keep up repayments on your mortgage. All information correct at time of publication 06 October 2010. Source Dermot Small at The Mortgage Shop, 52 Church Place, Lurgan, BT66 6HD, Tel 02838 346464