EARLY REPAYMENT CHARGES

Sometimes it can be financially beneficial to re-mortgage,
even though there is an early repayment charge to pay on
your existing mortgage. This could reduce your monthly
mortgage payments, and so justify paying the early repayment
charge. This calculator will work out the interest rate you would
need to pay so that a re-mortgage is worthwhile.

Early Repayment Calculator

Current mortgage
Current balance	£
Current interest rate	%
Early repayment charge
What is the early repayment charge you have to pay?	£ %
How long until the charge ends?	0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 yrs 0 1 2 3 4 5 6 7 8 9 10 11 mths
Do you want to add this charge to your new mortgage?	No Yes
Results
Based on the information you provided, the early repayment calculator has been able to make the following assessment:
This is the interest rate that you need to have if all costs are paid by the new lender (eg. valuation, legal fees, etc) :	%
This is the interest rate that you need to have you pay your own remortgage costs :	%

This is only for general guidance.

Call us on 08458 386938 for details.