Applying for a mortgage can seem daunting, no matter where you are on the property ladder. It’s one of the biggest financial commitments you’re likely to make and there are many steps to take in order to get one. Traditionally there’s also been reams of paperwork to get your head around.
At Trussle, we’re improving this experience for everyone. One of the things you’ll want to know when you’re just getting started, is how much you could borrow or save when getting a mortgage.
So we’ve created a number of mortgage calculators that will help you answer these questions quickly and easily.
Are you a first-time buyer?
If you’re a first-time buyer and are unsure where to start, we recommend using:
The Affordability Calculator will help you understand how much you could afford to borrow.
The Stamp Duty Calculator will indicate how much stamp duty you’d need to pay on your new home.
Do you already have a mortgage?
If you have an existing mortgage, you’ll want to use:
The Repayment Calculator will help you work out what your monthly payments might be and how much interest will be due, depending on the mortgage you get.
The Overpayment Calculator will show you how much you could save by paying regular or one-off overpayments on your mortgage (bear in mind that some mortgages don’t allow overpayments).