Our Mortgage Service - helping you make the right decision
"The essence of the Fair Mortgages service is professional independent mortgage and protection advice brought to you by a team of specialist advisers and experienced administration support.
As your mortgage is such an important transaction, good advice is imperative.
Our mortgage calculator above is simple and easy to use – and best of all, it’s completely FREE. It can help you to:
- Find the latest mortgage deals based on your income, property value, deposit and buyer status
- Estimate how much you might be able to borrow
- See how much your mortgage repayments might be each month
- Find out how much you might be able to borrow without affecting your credit score
Why use a mortgage calculator?
Mortgage calculators can be a really useful tool for helping you to find the right mortgage. A mortgage calculator can give you an idea of how much you will be allowed to borrow as well as helping you to narrow down the current mortgage deals that are suitable for your circumstances.
How to use the Fair Mortgages mortgage calculator
Our online mortgage calculator has been designed to be quick and easy to use.
Your property value
You will then need to fill in your chosen property’s value, and the amount you can put down as a deposit. This information is used to calculate the total amount you’ll need to borrow, and therefore the loan to value ratio (LTV). This is the percentage difference between the value of the property and the value of your deposit – so if you wanted to buy a £200,000 property and you put down a 10% deposit of £20,000, you would need a mortgage of 90% LTV to make up the difference.
You mortgage options
Once you have filled in your income and property information, you can then choose from several options to help you find the right mortgage. You can choose:
- The type of mortgage you are looking for – choose from remortgage, home mover, first time buyer, help to buy, or buy to let.
- The payment method you would like to use – choose from capital and interest or interest only repayment options.
- The payment term – you can choose how long you want the mortgage to be, with options ranging from 1 to 40 years.
Points to remember when using a mortgage calculator
Our mortgage calculator can give you an indication of what kind of mortgage deals you might be able to get, but you should bear in mind that this is only an indication and does not constitute advice, or guarantee that you will be offered a mortgage on the terms shown from the selected lenders.
To speak to one of our mortgage advisers click here »
When working out your mortgage payments using our mortgage calculator, you should also factor in other costs such as arrangement fees, legal fees, surveys and valuations.