Mortgage Calculator

 

Variable Rate Mortgage

  • Payments go up and down in line with interest rates.

Capped Rate

  • Interest rate is variable with an upper maximum for a guaranteed period. This will revert to the standard variable rate at the end of the period.

Fixed Rate Mortgage

  • Means fixed payments for a guaranteed period. This will revert to the standard variable rate at the end of the period.
  • Usually a choice of terms available.

Discounted Rate Mortgage

  • Start with a discount off the standard rate, for a limited period.
  • After discount period, rate reverts to standard variable rate.

Flexible Mortgage Mortgage

  • Allows you to vary your payments.
  • You can also take payment holidays, subject to certain conditions.
  • Gives you the potential to pay off your mortgage early.

Buy To Let Mortgage

  • For a property you want to buy and then let.
  • Variable and fixed rates generally available.
  • Rental income must exceed the mortgage payment.

Cashback Feature

  • Pays a cashback to you after completion.
  • Appeals particularly to first time buyers.
  • There may be a lenders arrangement fee and also early redemption charges.