- Property purchase price - The asking or agreed price of the property, this is necessary in order to calculate the legal and court fees.
- Mortgage amount - How much you will be borrowing. This will be the property purchase price less any amount you are contributing from savings or the sale of another property.
- Type of mortgage - Repayment Mortgages are the most popular, each month both interest and a proportion of the capital is repaid. With an Interest Only Mortgage, as the name suggests, only interest is repaid monthly.
- Duration - the length of time over which you will be repaying the mortgage. Maximum duration of 35 years, the mortgage must be paid off by the age of 70.
- Interest rate - type in the interest rate of the mortgage you feel suits you best. Our rates are listed in the local press or you can call us for a quick quote.
Once you have entered all the details click on calculate. Should you wish to change the details, simply click 'reset'.
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