Definition
APRC expresses the overall annual cost of a mortgage under prescribed assumptions, including the interest rate and relevant charges. It normally assumes the mortgage is kept for its full term, including any later reversion rate, so it should be considered alongside the cost over the period you expect to keep the deal.
Practical example
A low initial rate with a large product fee can have a different APRC from a fee-free deal with a higher initial rate.
Why it matters
It provides a common comparison measure, but it does not replace a case-specific total-cost calculation.
UK mortgage rates explainedSource and review
Reviewed 16 July 2026. Product criteria and rules can change.
MoneyHelper: mortgages and interest ratesDiscuss your mortgage with a broker
We can introduce you to an FCA-authorised mortgage broker. MortgageConnector does not provide regulated advice, and using the matching service does not commit you to proceed.
Request a broker match