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HOW MUCH WILL MY REPAYMENTS BE?
- One of the most common (and sensible) questions we get asked is How much will my mortgage cost? It’s a good question, because your mortgage is probably going to be your biggest outgoing each month and it’s important to know that what you want to do is affordable both now and in the future. Our mortgage cost calculator is quick and easy to use so you can find out the cost of your mortgage in seconds.
Simply adjust the following to calculate your mortgage costs:
- The amount you want to borrow
- The interest rate
- The number of years you wish to borrow the money over
The calculator will display your monthly mortgage cost based on the figures you provide, and help you plan your monthly budget.
There are a number of criteria that must be taken in to account when calculating exactly. These could include but are not limited to:
- Your monthly outgoings or regular commitments
- Whether your income is a basic salary or includes bonus, commision or overtime
- Whether you are self employed
- The amount of deposit you have
- Your age and whether you are borrowing past your retirement date
The lender however has the final input in to determining how much you can borrow. Each lender has their own criteria and as a broker we are perfectly placed to match you to the right lender for your borrowing requirements.
The calculators do not have the final say in how much you can borrw, your repayments etc., but this is where our expertise and experience in the field come in to play. We can sometimes make available a higher borrowing by taking your personal circumstances in to account.
*all potential borrowing is subject to affordability checks and credit status.
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Every effort has been made to ensure the accuracy at the time it was written. It is not intended to provide legal advice or suggest a guaranteed outcome as individual situations will differ and the law may have changed since publication.
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About Us
We are an established broker working in partnership with selected lenders to bring our clients the financial solution that best suits their needs. From all types of residential or commercial mortgage through to bridging and development finance and onto vehicle, asset and business finance.
Important
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
Leodis Financial is a trading style of Leodis Financial Ltd. Directly authorized and regulated by the Financial Conduct Authority. FRN750327. Office: RHS Rebecca House, Bradford. BD1 2RX Registered Company No: 09865671 | Registered in England and Wales.
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