You want to re-mortgage to a new deal, but are unsure if the new deal will be more cost effective or less cost effective for you, maybe you want to borrow more money to carry out some renovation work to your property.
Use our calculator below to work out how much your monthly payments will be between two varying deals. Be aware that old deals may have redemption penalties if the mortgage is redeemed early and new deals will have set up costs, like product fees, valuation fees, legal costs and so on, so you need to take these into consideration, we have not allowed for set up costs or early payment charges.
Our calculator goes one step further and breaks down the monthly payment to show you how much of the payment is apportioned to paying the capital and how much is charged for the interest amount.
Call us today and speak to one of our expert mortgage brokers on 0203 827 8560.