Getting a mortgage can be a complicated experience, especially for a first time buyer. It can be difficult to know exactly how much you can afford. That's why we've created Simple Mortgage Calculator. Entering your details into our calculator will give you an idea of how much the monthly payments of your mortgage might cost.
A mortgage calculator like ours is a fantastic way to start your research into what you can and can't afford. A simple and easy tool like this can never give you all the answers, but it can give you a good idea of how much you can borrow, and how much you can afford to pay back every month.
Our mortgage calculator simplifies things. It means that you'll never have to waste time applying for a mortgage that in the end you find that you can't afford.
All mortgages are different, so Simple Mortgage Calculator can only give you an estimate of the size of the payments. If you want a completely accurate result then you'll have to speak with an independent mortgage advisor. We've made it very easy to get in touch with a reputable FSA regulated advisor. All you have to do is fill in the form and we'll have a regulated, FSA accredited mortgage advisor get in touch with you as soon as possible.
There are a huge amount of mortgage products on the market, and selecting the right one can be a real ordeal. In the past only banks and building societies offered mortgage. Now there are also a host of mortgage specialists and online mortgage providers too. It's a very crowded marketplace, which makes it all the more confusing for prospective buyers.
Of course the biggest factor you'll consider when looking at mortgages is the cost. If you can't afford the monthly repayments, you could end up in a very stressful situation. That's why it's best to carefully select the right mortgage for you, despite the hassle of looking. It can save you much more hassle later on.
If you are a first time buyer you might be completely lost when it comes to arranging your mortgage. It's an incredibly confusing financial process, and if you don't have any experience of arranging complex financial transactions then you could feel like you are drowning in a sea of information. A house will mostly likely be the most expensive thing you ever buy, and a mortgage for such a large amount can feel like an incredibly stressful arrangement to enter into. The gravity of the situation merely adds to the stress and confusion. Our mortgage calculator helps you avoid making a financial commitment that you can't meet in the long term.
If you already have a home, you might use our remortgage calculator to look at options for mortgage refinancing, or consolidating other debts by remortgaging your home. You can also find out how a change in interest rates will effect your monthly repayments, if you're not on a fixed rate mortgage.
We've created Simple Mortgage Calculator to give you a rough idea of what type of mortgage you can afford. It will give you a good idea of how much a mortgage could cost, helping you determine whether or not it is affordable. Of course, our mortgage calculator can only give you a rough idea of the costs of each mortgage. Mortgage calculations can be very subtle and vary dramatically between different deals at different times. There are also a lot of extra fees sometimes associated with a mortgage that our calculator can't take into account. There may be set up fees charged initially, and often the mortgage provider will charge you to make their own valuation of the property. Mortgage providers are very wary about lending you more than the property is actually worth, so invariably they will want to make their own valuations. There might even be an exit fee, which means that they will charge you for paying off your mortgage early.
The only way to get a true and accurate picture of what mortgages you can afford is to speak to an Independent Mortgage Advisor. The professional advice that an independent, FSA accredited mortgage advisor can give you is absolutely invaluable when selecting a mortgage. It really is the only way you can be completely sure you will get the right mortgage for you.
It's absolutely imperative to seek independent advice. You should always remember that the mortgage advisors employed by your bank might not give you impartial advice. They are often salesmen first and mortgage advisors second. You can arrange for an independent financial advisor to get in touch on this website. Just fill in the form and one will be in touch.