Imagine you're buying a property valued at £150,000 with a repayment loan.

If you borrow 89 per cent of valuation, or £133,500, you will avoid a higher lending fee and might be charged interest at, say, 6 per cent a year.

On this basis, you will pay £860.14 a month, or £258,042 over the full 25 years.

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Christ, that's a £125,000 just thrown away.

http://www.mortgagesorter.co.uk/types_mortgages_over_100.html