![]() ![]() Which? Limited is registered in England and Wales to 2 Marylebone Road, London NW1 4DF, company number 00677665 and is an Introducer Appointed Representative of the following:ġ. See our full list of mortgage calculators for more help crunching the numbers. Mortgage overpayment calculator: find out how much more quickly you could pay off your mortgage if you made overpayments - as well as how much money you could save.Mortgage repayment calculator: shopping around for deals? See how much you would pay each month based on the mortgage's interest rate and fees combined with the amount you're borrowing and the mortgage term.In most cases, you'll be able to get a better deal if you remortgage your home at this point, as you'll have built up more equity in your property (unless you had an interest-only mortgage) and introductory rates on new deals are usually cheaper than your current lender's SVR. When this period runs out, you'll usually revert to your lender's standard variable rate (SVR), which is likely to be a lot higher. If this happens, it's worth investigating whether you could save money by remortgaging.Ī rate rise can also hit you hard when you reach the end of an initial deal period - for example, if you've reached the end of your fixed-rate mortgage's introductory period, which might be two or five years. If you're on a variable-rate deal such as a discount or tracker mortgage, changes to the Bank of England base rate or your bank's standard variable rate will have an immediate impact on how much you're paying each month. ![]()
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