APRC
The all-in cost of a mortgage including fees, expressed as an annual rate.
Full definition
Annual Percentage Rate of Charge - the standard UK comparison rate that incorporates the interest rate plus product fees over the full term of the mortgage. APRC assumes you stay on the same product for the entire term (typically 25-35 years), which rarely matches reality with fixed-rate periods. Use the headline rate plus the fee for a more realistic comparison over your actual fixed period.
How this affects you
Whether aprc is relevant to your mortgage depends on your circumstances — lender, product, deposit, employment, credit profile, and stage of application. An FCA-authorised mortgage broker will tell you exactly where it applies to your case.
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