The figures below are for a mortgage of £200,000 over 25 years at with interest rate of 5.5%
- Your current monthly net income is £2,614
- A repayment mortgage is £1,242 per month, leaving £1,371 after payments
- An interest only mortgage is £917 per month, leaving £1,697 after payments
- After taking out the mortgage a 1% rate rise would increase payments by £166.
Use the Contractor Mortgage Assessor Calculator to calculate the maximum mortgage you can get.
Mortgage Quotation Request [Advertisement]
For a free quotation from ContractorFinancials please complete the form below. You will then be contacted shortly with advice
on the most appropriate mortgage products available for you. ContractorFinancials
are independant to ContractorCalculator and are specialists in providing IT contractors with financial
products, including Pensions, Life Cover, PHI and ISA advice.