Demo rate card4.59% fixed for 2 years; then 6.49% assumed variable rate
The pound values and percentages on this page are invented AcornBank product terms, chosen for a realistic bank-style example. They are not current market offers, an invitation to deposit or invest money or a forecast of what a real bank will pay.
| Product detail | Demo terms |
|---|---|
| Account type | Repayment mortgage |
| Rate, reward or charge | 4.59% fixed for 2 years; then 6.49% assumed variable rate |
| Illustrative advance | £25,000.00 to £500,000.00 |
| Access | Monthly capital-and-interest repayments over 25 years in the illustration |
| Eligibility in the scenario | An adult story applicant with a deposit of at least 20% and assumed affordability |
| Fees | £999.00 arrangement fee, paid upfront |
| Currency | GBP (£), used solely for fictional calculations |
A £200,000 repayment-mortgage illustration
| Item | Model amount |
|---|---|
| Treehouse price | £250,000.00 |
| Deposit (20%) | £50,000.00 |
| Advance (80% LTV) | £200,000.00 |
| Term | 25 years / 300 monthly payments |
| Months 1–24 payment | £1,121.91 |
| Months 25–299 payment | £1,334.37 |
| Adjusted final payment | £1,335.99 |
| Upfront arrangement fee | £999.00 |
| Total interest | £195,213.58 |
| Total repayments plus arrangement fee | £396,212.58 |
| Illustrative model APRC | 6.35% |
Selected years of the repayment schedule
| Year | Payments in that year | Interest | Capital repaid | Balance at year end |
|---|---|---|---|---|
| 1 | £13,462.92 | £9,088.72 | £4,374.20 | £195,625.80 |
| 2 | £13,462.92 | £8,883.68 | £4,579.24 | £191,046.56 |
| 3 | £16,012.44 | £12,289.49 | £3,722.95 | £187,323.61 |
| 5 | £16,012.44 | £11,774.95 | £4,237.49 | £179,114.21 |
| 10 | £16,012.44 | £10,155.68 | £5,856.76 | £153,278.16 |
| 15 | £16,012.44 | £7,917.62 | £8,094.82 | £117,569.42 |
| 20 | £16,012.44 | £4,824.38 | £11,188.06 | £68,215.36 |
| 25 | £16,014.06 | £549.09 | £15,464.97 | £0.00 |
Assumptions: 4.59% nominal annual interest for 24 months, then 6.49% for the remaining 276 months. The latter is a variable rate held constant only for illustration. Interest is calculated monthly on the outstanding balance and rounded to pennies. Payments are recalculated at month 25; the final payment clears the balance. No overpayments, missed payments or fees other than the £999.00 upfront fee. No valuation, legal, tax or insurance costs are included. The model APRC is the annualised monthly cash-flow return using the advance less the upfront fee; it is an illustrative calculation, not a regulated quotation.
Treehouse Mortgage is repayment mortgage in the Mortgages range, used for buying a fictional treehouse. Its live rate card, summary and worked tables sit above this text and update whenever the product record changes.
Who fits the fictional example?
An adult story applicant with a deposit of at least 20% and assumed affordability. These are character-selection rules for the demo, not a real eligibility assessment. The scenario assumes the opening amount or limit fits the product range and that any required guardian, notice period or repayment plan is in place. A customer story is not evidence that a real application would be accepted.
Other mortgage terms in the story
There are no overpayments in the repayment table. The separate early-repayment illustration would charge 2% of capital repaid early during months 1–12, 1% during months 13–24 and zero after that; those charges are excluded from the scheduled-payment total. The £999 fee is paid upfront rather than added to the advance. This is not a loan offer, affordability decision or property valuation.
See the whole Mortgages range or compare every product on the rates page.
What the example does not promise
All figures are invented and shown to make the demo useful to read and crawl. No money is held, no application is available, and no deposit-protection, regulatory or tax-wrapper status is claimed. Calculations do not account for personal tax, inflation or unstated changes in rates. The fictional bank manager can guarantee only that the next paragraph contains no real acorns.
Related reading
- This Is a Fictional Bank — No Real Banking Here
- Site Map — Every Branch of AcornBank
- Rates — Savings, Borrowing and Rewards
- Help — Unruffle Your Tail
- Mortgages — Borrowing for a Treehouse
- Treehouse Mortgage — Rates and Returns
- Treehouse Mortgage — How the Nutwork Works
AcornBank: entirely fictional banking, exceptionally committed squirrels.