Remortgage calculator - Loan amount  
     
  Use this tool to calculate by how your monthly repayments will change when transferring your mortgage to another lender.  
Current property value:  
Remaining mortgage term:    year(s)
     month(s)
Outstanding mortgage balance:  
Fees incurred in moving your mortgage:  
Add cancellation charges to new loan:  
New mortgage
New mortgage loan amount:  
Percentage of new loan to property value:  
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Current property value
Enter the current value of your property. More...

Remaining mortgage term (years)
Enter the number of whole years remaining to the end of your current mortgage. For example if the remaining term of your mortgage is 12 years and 9 months, enter 12.

Remaining mortgage term (months)
If the remaining term of your mortgage is not a whole number of years, enter the additional months. For example if the remaining term of your mortgage is 12 years and 9 months, enter 9.

Outstanding mortgage balance
Enter the outstanding balance of your mortgage.

Current mortgage cancellation charges
Enter both the amount of any penalty or redemption fee that you will have to pay for cancelling your existing mortgage early, and any fees that will be involved in setting up your new mortgage. More...

Add cancellation charges to new loan
Select this item if you intend increase the amount of your new mortgage to pay for the cancellation charges, if any. More...

New mortgage loan amount
This is the amount of the new loan, consisting of the outstanding amount of your current mortgage plus cancellation charges if you are adding them to the mortgage.

Percentage of new loan to property value
This shows the amount of the new mortgage as a percentage of the property value. For a loan exceeding 75%, mortgage indemnity insurance may be required. More...
  Remortgage calculator - Mortgages  
     
  Current mortgage details  
Simple interest rate:  
Is this mortgage discounted or fixed rate?  
Discount or fixed rate:  
Remaining term of discounted or fixed rate:  
Endowment information
Is this an endowment mortgage?  
Monthly endowment premium:  
New mortgage details
Simple interest rate:  
Is this mortgage discounted or fixed rate?  
Discount or fixed rate  
Remaining term of discounted or fixed rate:  
Capital repayment of interest-only mortgages
Annual investment growth rate:  
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Current mortgage: interest rate
Enter the interest rate for your current mortgage. If the mortgage has an initial discount rate period, then enter the interest rate that applies after the end of the discount period.

Current mortgage: discount or fixed
Select this option if you are still within the initial special period if any, of your mortgage during which a discount or fixed interest rate applies.

Current mortgage: discount or fixed rate
Enter the discount or fixed rate that you are currently paying.

Current mortgage: remaining discount term
Enter the number of months that remain before your mortgage switches to the standard rate.

Current mortgage: endowment
Select this item if your current mortgage is an endowment mortgage. More...

Current mortgage: endowment premium
If you have an endowment mortgage, enter the amount of the monthly premium.

New mortgage: interest rate
Enter the interest rate of the new mortgage that you are comparing. If the mortgage has an initial special period during which a discount or fixed interest rate applies, then enter the interest rate that applies after the end of the special period. More...

New mortgage: discount or fixed
Select this option if the new mortgage has an initial special period during which a discount or fixed interest rate applies. More...

New mortgage: discount or fixed rate
Enter the initial discount or fixed rate of the new mortgage.

New mortgage: remaining discount term
Enter the length of the new mortgage's discount or fixed rate term in months.

Annual investment growth rate
For interest only mortgages you will need to have built up sufficient funds to pay off the amount of the mortgage loan at the end on the mortgage term. Enter your estimate of the rate at which your savings or investments will grow over the term of the mortgage. More...
  Remortgage calculator - Life cover  
     
  Mortgage life insurance monthly premium  
Current mortgage insurance premium:  
Will you replace your policy?  
New mortgage insurance premium:  
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Current mortgage insurance premium
Enter the current monthly premium of your mortgage life insurance policy, if any. More...

Replace insurance policy
Select this option if you intend to cancel your current mortgage insurance policy when you cancel your existing mortgage policy. More...

New mortgage insurance premium
Enter the monthly premium of the replacement life insurance policy, if any. More...
Remortgage calculator - Results
 
 
  If you have an endowment policy, you can use the endowment calculator to discover how much the policy would be worth if recent bonus rates were to remain consistant through to maturity.  
Use the endowment calculator...
Find a mortgage...
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Results
The results provide estimates of the monthly amounts you would pay for a repayment mortgage, an interest-only mortgage and, if you already have one, an endowment mortgage. The monthly savings are also shown. Between one and three sets of results will be shown, depending on whether either or both of your current and new mortgages have an initial period during which a special rate applies.

Gross payment
This is the amount that you will pay to your mortgage lender each month. In the case of a repayment mortgage it includes an element of capital repayment as well as interest.

Life cover
This is the amount of your insurance premium(s), if any. In the case of an endowment mortgage, if shown, the premium pays for both life insurance and an investment that is intended to pay off the mortgage loan at the end of the term.

Capital repayment investment
If you are considering taking out an interest only mortgage you will need to pay back the capital at the end of the mortgage term. The results show the amount that you would need to invest each month to accumulate a sum equal to the loan amount by the end of the mortgage term, given the annual investment growth rate that you entered.