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Mortgage Calculator

If you're considering home renovations, purchasing a new asset, or consolidating debts, our mortgage calculator offers a convenient way to estimate the expenses associated with a personal loan. It's user-friendly and straightforward to operate.

How do I use the loan repayment calculator?

If you're considering home renovations, purchasing a new asset, or consolidating debts, our loan calculator offers a convenient way to estimate the expenses associated with a personal loan. It's user-friendly and straightforward to operate.

  1. Type in your Loan Amount to Mortgage Debt field
  2. Type in your Interest rate (%) to Interest Rate field
  3. Type in your Mortgage Term in Mortgage term (Years) field

Please take note this information has been generated by a computer. The figures provided are approximate and are based on specific assumptions. This calculator serves as a general guide and may not reflect exact costs.

It's crucial that you obtain a personalized quote from the lender and verify the details independently before making any decisions. We cannot be held responsible for any inaccuracies.

Mortgage Calculator

Monthly Payment (Interest Only)

£0
Your monthly interest-only payment

Total Repayment (Interest Only)

£0
Total paid over full term

Monthly Payment (Repayment)

£0
Your monthly repayment amount

Total Repayment (Repayment)

£0
Total paid over full term

What is APR rate?

APR stands for Annual Percentage Rate. It is a measure used in finance to represent the yearly cost of borrowing, expressed as a percentage. The APR includes not only the interest rate on the loan but also any additional fees or charges that may be associated with the loan, such as origination fees, points, and other finance charges.

Lenders are required by law in many countries, to disclose the APR to borrowers when offering credit, such as loans or credit cards. This helps borrowers compare the true cost of borrowing from different lenders, as it reflects both the interest rate and any additional fees.

It’s important for borrowers to pay attention to the APR when considering loans, as it gives a more accurate picture of the total cost of borrowing over time compared to just looking at the interest rate alone.

How Are Loan Repayments Calculated?

  1. Convert the annual interest rate to a monthly interest rate by dividing the annual rate by 12.
  2. Determine the total number of payments by multiplying the number of years by 12 (since loans are typically expressed in months).
  3. Plug the values into the formula and calculate the monthly payment.

It’s important to note that this formula assumes fixed monthly payments over the entire loan term and doesn’t account for any changes in interest rates or other factors that may affect the loan repayment amount. Additionally, for loans with variable interest rates or other non-standard terms, different formulas or calculation methods may be used.

How does the application process work?

Initial Enquiry

Tell us about your commercial finance requirements and specific needs. You can call us on 020 7036 6435. Alternatively, you can schedule a consultation or submit your enquiry online, and a member of our team will respond to you within 24 hours.

Documents

One of our qualified advisers will discuss your situation with you in more detail and advise of any additional information or documentation required to search the market thoroughly. Our advisors will research the market for potential rates.

Decision In Principle

Following their research, your adviser will present their recommendations tailored to your specific needs. This will include details of rates and any associated fees that may apply. Once ready to proceed, your adviser can request an agreement.

Application

When ready to proceed, your adviser will submit the full application. At this stage, the lender will review any documents you provided and get everything prepared for checking the property value and making decisions about the loan.

Offer

The formal finance offer will be issued once the lender is satisfied with the documentation provided and the business offers suitable security. Once approved, your advisor will discuss your needs and make any recommendations and arrangements.

Completion

When your solicitor has finalized the necessary legal matters, and all parties are ready, you can arrange your completion date. The solicitor will then make the arrangements required to request the funds. We'll ensure you get the best deal for your needs.

BOOK A CALL WITH A FLEXIBLE MORTGAGE ADVISOR

Flexible Mortgages present an appealing choice for homeowners looking for personalized options and financial adaptability when handling their mortgages. They bring a range of advantages like reduced interest expenses and adaptable payment structures, proving immensely valuable in different circumstances. Nevertheless, individuals should thoughtfully evaluate their financial objectives and willingness to take risks before deciding on a flexible mortgage, given the associated compromises and intricacies that might not align with everyone’s requirements.

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