When we recommend a mortgage, we give you a mortgage illustration document which is tailored to your mortgage needs and explains:

• Your monthly repayments
• Any fees or charges you have to pay upfront to get the mortgage
• The overall cost of the mortgage, including interest, over the full term
• The rate of interest or Annual Percentage Rate of Charge (APRC) and the type of interest (i.e.     fixed or variable)
• What happens if interest rates rise and how this affects your repayments
• If there are any special features of the mortgage, such as the ability to overpay or underpay
• If you can make overpayments to the mortgage and any penalties for doing so
• What happens if you don’t want the mortgage any more, and
• The length of the reflection  period (i.e. at least 7 days, or more depending on the lender).

This document is usually known as the keyfacts Illustration (KFI). By 2019, the European Standard Information Sheet (ESIS) will replace the current KFI. The ESIS document is similar to the KFI but will have more detail about the mortgage and the terms they’re offering you. We will give you the lender version or our own version of the lender (KFI) or ESIS when we recommend a mortgage. We may also continue to give you an enhanced version of the existing KFI document with supplements of any additional information as needed until then.

You will also get this document even if you decide to go with an execution only sale.

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