![]() ![]() Applicants must be UK residents aged 18 or over. Applications are subject to status and lending criteria. In practice, there may be differences between the timing of the loan repayments and the timing of the interest charges being added to the loan balance.Īpplications for new monies will require a minimum term of 5 years. Estimate how much your mortgage payments might be if you changed your mortgage term, repayment method or interest rate. Timing of interest conversion - The calculator assumes that interest is charged to the loan account at the same frequency as the repayments are made. ![]() The calculator assumes that the interest rate will remain the same throughout the mortgage term. Interest rate - The interest rate input is a nominal rate and is used to calculate the total interest payable over the mortgage term. Rounding of repayment amounts - The calculator uses the unrounded repayment to derive the amount of interest payable over the full term of the loan. Monthly repayments – The calculator divides the mortgage amount and the total interest payable by the total number months in the mortgage term. Please ensure you obtain a personalised Mortgage Illustration before making a decision to proceed with a mortgage. A repayment mortgage of 120,000 payable over 28 years and 1 month initially on a fixed rate for 2 years at 1.99 and then on the lender current variable rate of 3.69 (variable) for the remaining 26 years and 1 month would require 24 monthly payments of 465.20 and 312 monthly payments of 565.39 and one final payment of 565.19. The figures provided by this calculator are for information purposes only.
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