|
|
|
|
|
|
|
Home | About us | Our brands | Mortgages | Protection | General Insurance | Pensions | Investments | Other | Financial Reviews | Contact us |
|
|
|
© Ambitions. May 2006 |
|
Mortgages & Financial Services |
|
Loan cost calculator |
|
This calculator will show the monthly cost of a repayment or an interest only mortgage, given the starting balance, the annual interest rate and the length of loan term. Some lenders have a different way of calculating repayments and the resultant cost will be higher. Please be aware this isn’t all the information you need to choose a mortgage. On request we will provide a key facts illustration and we will explain the salient points before you decide on a deal. Long term mortgage rates are usually variable even after an initial fixed rate period. Variable rates can rise without limit and the total cost could be far greater than estimated. The running cost of an interest-only mortgage is less, as shown below, but a separate repayment vehicle will still be required. |
|
|
|
Your home may be repossessed if you do not keep up the repayments on your mortgage |