What can a Mortgage Calculator tell me?
A mortgage calculator is a great tool to give you an outline of how much you may be able to borrow and how much it may cost you.
A Mortgage calculator can only give you a general illustration of how much you may be able to borrow; this will vary from lender to lender, depending on their lending criteria. It can also indicate the approximate monthly repayments at a set or interest rate entered by you. Mortgage calculators provide you with approximate figures and should only be used as a guide. Some mortgage calculators can provide you with the monthly cost of a repayment mortgage (capital repayment and interest repayment) and just the interest only payment.
How much can I borrow?
Each lender calculates how much you can borrow on a different basis. The information below once calculated will give you an indication of your borrowing potential.
How much will my mortage cost?
The exact cost of your mortgage will depend on a number of factors. The payment calculator below provides an approximate indication of monthly payments. Different lenders will calculate repayments in different ways, using either daily, monthly or yearly interest calculations. For a true cost of lending, please always refer to the APR figure.
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Internet Marketing & Management Services Ltd is and appointed representative of Hello Finance who is authorised and regulated by the Financial Services Authority. Please note that not all mortgage introductions fall under the Financial Services Authority and some still fall under the Consumer Credit Act.
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