You were appointed, on 1 October 2022 , as a mortgage adviser by a building society. A customer in his forties is purchasing a house and has asked you for advice on the mortgages. The purchase price of the property is £500,000 . The customer has savings of £200,000 and has net household disposable incomes of £2,500 per month on average in the foreseeable future. The customer is interested in capital and interest repayment mortgages and is considering the following options: All the interest rates above are guaranteed and the mortgage is repaid by monthly equal instalments throughout the mortgage term. Remortgage is not permitted. You can ignore the fees, taxes and other charges.