To use the mortgage calculator, use the following 3 simple steps:
- Enter the amount of mortgage you require in the first box, to the nearest whole pound. As an example £125,000 should be entered as 125000.
- Select the interest rate, term of the mortgage and the mortgage type from the drop down menus. Select the "Calculate" button to view an illustration of the typical monthly payment you would be making.
- To compare different rates, mortgages or terms, simply change the value of one of the fields and then re-select the "Calculate" button and the new monthly payment will be displayed.