Mortgage Calculators
Designed to compare the cost of one mortgage against
another over any time period you choose. This
calculator will enable you to work out whether or
not you can save money by switching lenders.
Calculates the value of your home using values
recorded by the Halfax since 1982.
Calculate the cost of a mortgage for any given
interest rate, term and loan amount. Works for
capital and interest and interest only. Results
returned graphically to show how a mortgage balance
reduces over the term of the loan.
A calculator to work out how much you might be
able to borrow
The FSA is bringing in new test to measure
affordability of mortgages. This calculator uses
this theme to help you decide if a mortgage is
actually affordable taking into account your income
and essential expenditure. We also calculate the
maximum loan that you ought to consider bearing in
mind your income and outgoings.
Calculate how much you might be able to borrow using a buy to let mortgage
Do you have savings earning very little interest?
Why not put them to good use and offset them
against your mortgage? For example, if you have a
£100,000 mortgage and £20,000 savings your interest
charges would be like having an £80,000 mortgage.
This calculate shows how much interest you could
save from offsetting rather than keeping your
savings in a seperate account.
An ISA is an Individual Savings Account. Use
ISA's to save tax efficiently and build up a lump
sum used to repay your mortgage in the future. You
will pay only interest to the lender and an amount
each month into your ISA.
Contributions into pensions attract tax relief at
your highest rate. From age 55 you can take 25% of a
pension as a tax free lump sum. Why not use this
lump sum to pay off your mortgage? You will pay only
interest to the lender and an amount each month into
your pension.
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