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Mortgage Costs Calculator

Use the calculator below to estimate your mortgage repayments.

1) Amount of Mortgage required (£)
2) Enter the current interest rate (%)
3) How long should your mortgage term be? Years Months
 

Important Information
The above calculations are only examples and are not guaranteed. Loans are subject to status and valuation and are not available to persons under 18 years of age. Written quotations available from individual lenders. For secured loans the lender will require a charge on your property and in the case of endowment mortgages, an endowment/life policy for the amount of the advance and a charge over the property.

For interest only mortgages, the above calculations do not take into account the cost of any endowment, pension or other savings plan being used to repay the loan. In addition, the figures shown in respect of both repayment and interest only mortgages do not include the cost of additional life cover.

You should fully discuss the terms and conditions of any mortgage or loan offer received with your legal representative to ensure that you fully understand your obligations.

Tax-relief on mortgage interest was abolished on 6th April 2000.


YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE




Useful Links

Inland Revenue

DSS

The pension Service
Your home may be repossessed if you do not keep up the repayments on your mortgage or any other debt secured on it.
To understand the features and risks of lifetime mortgages and home reversion plans ask us for a personalised illustration.
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All rights reserved		 My Personal Finances Limited is an appointed representative of Accord Consultancy Limited which is authorised and regulated by the Financial Services Authority.