London Mortgage Advice :: Mortgage Calculator ::

London Mortgage Advice
...creating a home for your capital

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Financial Services Authority

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0800 345 7389

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Mortgage Calculator

The calculator below will give you the monthly payment for both a repayment mortgage, this is where you pay capital and interest to the lender, as well as an interest only mortgage.

Enter the amount you wish to borrow. Then the number of months the mortgage is to run. For instance a 25 year mortgage is 300 months, 20 years is 240 months. Then the interest rate you expect to be charged.

Please note that the information given below does not contain all of the details you need to choose a mortgage . Make sure that you read a separate key facts illustration before you make a decision.

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How much can I borrow?

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London Mortgage Advice Ltd is authorized and regulated by the Financial Services Authority for residential mortgages and non investment insurance business. As we give independent advice we can offer you either a 'no fee' option where we are paid by the lender or you can pay our total fees. Typically this will be anywhere between 0.3% and 1% of the mortgage amount (based on a loan of £100,000 this would result in a fee of between £300 and £1000). In this instance we will rebate to you any commission we receive from the lender. THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.