Disclaimer
The
Mortgage Calculator's are intended to give an idea of your likely
monthly mortgage payments or the amount that could be borrowed based on
your chosen monthly payment, this is based on the information you have
supplied. Please be aware that these figures are a guide only. They do
not in any way guarantee that you can obtain a mortgage or the amount
you would be able to borrow. We recommend that you obtain exact figures & advice from a professional adviser before committing to any
mortgage. Your final mortgage payments or the amount you are able to
borrow may be higher or lower than the figures shown depending on your
personal circumstances and mortgage chosen.
Repayment Mortgage
allows
you to pay both the interest and payment towards the capital loan
amount. Paying in this manner thus reduces the amount owed on the
capital every month and guarantee's the mortgage will be repaid at the
end of the term. Interest Only Mortgage
allows you to pay only the interest on the amount borrowed & not
the capital. The capital would therefore need to be repaid in full at
the end of mortgage term. Interest only payments do
not include any form of repayment vehicle such as an ISA or Endowment
or any life cover costs. The morgage repayment cost includes capital
and interest payments but makes no provision for life cover costs. Your
home may be repossessed if you do not keep up repayments on a mortgage
or any other debt secured on it. Broker fees may apply. Written details
on request. All loans subject to status. Think carefully before
securing other debts against your home. 