Our online full mortgage calculator allows you to compare mortgage products.
You can use our full mortgage calculator to source a short list of products from today’s market and they select those you wish to compare.
This brings a window up similar to the one on the right showing full features of the products to allow you to easily compare them.
Should you just need mortgage guide figures quickly you may prefer to use our quick mortgage calculator.
Tips for when you compare mortgages
Compare mortgages – rate
An obviously starting point is mortgage rate. You will be looking for the lower mortgage rate but make sure you are comparing like for like. A fixed mortgage rate can only effectively be compared against another fixed rate, a tracker against a tracker.
Compare mortgages – fees
Fees are an increasing cost factor on mortgage products. Often an attractive headline mortgage rate is tempered by a high product fee. Don’t forget to consider the cost of valuation fees.-
Compare mortgages – features
Are you looking for a particular feature on your mortgage. Flexible payments or offset perhaps?
Compare mortgages – new build
Lenders require more deposit than usual for for newly built property. Each has a particular attitude to this. If you are buying a newly build property with a depsoit of less than 25% you need to bear this in mind.
Compare mortgages – underwriting
Are you likely to be offered a loan by your selected lender. Do you have any complication in your scenario that will exclude some lenders from offering to you. For example, builders deposit, or a rented property in the background?
Compare mortgages – properties
Is the property you are buying of standard construction (brick walls and tiled or slate roof)? Not all lenders will consider thatched roofs, timber frames, or concrete construction.
As ever, your best option is to speak to an independent mortgage broker – contact us now.
