What Does APR Mean

APR stands for Annual Percentage Rate. A lender is always required to quote the APR when advertising a loan or borrowing rate. It is a standard interest rate calculation designed to reflect the total amount of interest that will be paid over the entire period of the loan. It must also take into account charges which the borrower has to pay in order to obtain the loan and during the loan period (such as lenders fees, valuation and legal fees etc). The purpose of APR is to help you compare the true cost of borrowing.

 

 

REMORTGAGE WORLD

  • Free Service
  • We are 100% Independent
  • Quick 30 Second Enquiry Form
  • We Compare 1000's Of Mortgages
  • Remortgage For a Better Rate
  • Additional Borrowing
  • FSA Authorised Mortgage Advisers

Mortgage News

07 Nov 2013 No Change To BOE Base Rate ►► 31 Mar 2013 FSA Final Farewell ►►