For Typical, read Average. this shows the average annual percentage interest rate on borrowing.
Required as a legal requiremnt espcially in advertising.
Some lenders offer rates lower than the displayed rates but you may not be eligible for that rate, so the APR is a way of ensuring that the lender is not prosecuted for displaying incorrect information.
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This content of this site is for
information purposes only, as a plain speaking introduction to mortgages.
No claim to the accuracy of information on this site is made and you
are strongly advised to verify information presented
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based on this information.
