Customer tools and calculators

We have a number of mortgage tools and calculators to illustrate and help you understand the options available to you.

If you are unsure about how to use any of the tools please view the full explanatory text on the relevant pages, or Contact us.

Balance my Bills budget planner

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Our new online budgeting tool allows you to review your income and expenditure in detail, it also allows you to compare your monthly spending with similar households.

This budget planner will also give you an idea of the sort of information we will need you to provide if you call us to discuss mortgage payment difficulties. We will ask you these details during our discussion, so it's a good idea to check you have the information to hand when you call us.

Start the tool

Homeowners budget planner

It's always a good idea to keep track of where your money is going. The budget planner below should help you build up a clear picture of your income and expenditure each month to help you avoid or overcome any problems paying your mortgage.

Your Income

Monthly Income Overall Balance
Wage or Salary
Benefits
Pension
Maintenance
Savings and Investments
Other sources of income
   
Total Income: Total Savings:
TOTAL

Your Expenses

Monthly Outgoings Total Owed
Home and property
Insurance and protection
Household utilities
Vehicle costs
Other financial services
Family costs
Other expenditure
   
Total Outgoings: Total Owed:
TOTAL

Your Current Position

Next Steps
If you are concerned that you may struggle to meet your monthly payments, please contact us as soon as possible to see how we can help you.

Alternatively you can refer to other useful pages on our website.

Homeowners

Landlords

Rate rise calculator

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Interest rates have been low for what now seems like a long time, resulting in relatively low monthly payments for those on variable mortgage rates.

But what would happen to your monthly payments if interest rates were to rise in the future?

To find out, try our Rate Rise calculator. Just enter a few basic details about your mortgage and see what your payments could rise to should rates increase in the future.

Our easy-to-use calculator also outlines a few options that might help your long term financial planning. To start the tool, just click on the button below.

Start the tool

Other information:

  1. Please note - this calculator provides an illustration of a repayment or interest only mortgage with interest calculated monthly.
  2. The monthly payments illustrated do not include any fees and charges that may be applied upon mortgage redemption or during your term.
  3. We conduct an annual review of your mortgage account to ensure your monthly payment amount is accurate. This review considers your repayment type, current interest rate, payment due date, all payments received to date, your outstanding balance and the remaining term of your mortgage. Any adjustment will be confirmed in your annual statement - please check this carefully as soon as you receive it.
  4. If you are concerned that you may struggle to meet your monthly payments, please contact us as soon as possible to see how we can help you.

Your current mortgage

Please enter a valid mortgage balance

What is your outstanding mortgage balance?

£ e.g.125000

What type of mortgage do you have?

Please enter a valid Year/Month

How long do you have left on your mortgage?

e.g.15 Years
e.g.3 Months
Please enter a valid Interest Rate

What is your current interest rate?

e.g.2.5 %
 
If interest rates rise by
Current rate 0.25% 0.50% 1.00% 2.00% 3.00% 5.00%
your monthly payment will be* 0.00
An increase of 0.00
Results - How could interest rate rises affect your monthly payment?

If your mortgage
interest rate rises by...

0.25%

...then your monthly
payments could increase by

But if your mortgage
interest rate rises by...

2.00%

...then your monthly
payments could increase by

Your monthly payment (£)
Change in interest rate (%) Your monthly payment (£) Color Increase of
+0.00% 208.00 #01b6c7
+0.25% 229.00 #1c1251
+0.50% 250.00 #1c1251
+1.00% 291.67 #1c1251
+2.00% 375.00 #1c1251
+3.00% 458.33 #1c1251
 
Edit details Next steps

Overpayment calculator

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You can make additional payments to reduce your mortgage balance either every month or when you can afford to. For example, when you find yourself with surplus cash, an extra bonus, or spare savings.

This can be an excellent way to improve your financial position as each overpayment reduces your mortgage balance and therefore the amount of interest you are charged over the term of your mortgage.

Reducing your balance should also reduce your Loan to Value ratio (the amount you owe compared to how much your property is worth) which could give you more options in the future, if you decide to remortgage with another lender.

Overpayments are easy to set up (over the phone usually), they can be made at any time and you will not be charged any fees by us for making them. Our simple calculator will show you the positive effect even a modest overpayment can have on your mortgage. To start the tool, just click on the button below.

Start the calculator

Other information:

  1. We conduct an annual review of your mortgage account to ensure your monthly payment amount is accurate. This review considers your repayment type, current interest rate, payment due date, all payments received to date, your outstanding balance and the remaining term of your mortgage. Any adjustment will be confirmed in your annual statement - please check this carefully as soon as you receive it to ensure you continue to overpay by the amount you wish to.
  2. This calculator provides an illustration of a mortgage with interest calculated monthly. The illustration is based on the assumption that your current interest rate remains stable throughout the remaining term of your mortgage.
  3. The total amount payable does not include any fees and charges that may be applied upon mortgage redemption or during your term.
  4. In reality, since the interest rate may rise or fall, the actual amounts quoted in the illustration may be different.

Your current mortgage

Please enter a valid mortgage balance between 1000 and 999999

What is your outstanding mortgage balance?

£ e.g.125000

What type of mortgage do you have?

Please enter a valid Year/Month. Maximum value is 40 years.

How long do you have left on your mortgage?

e.g.15 Years
e.g.3 Months
Please enter a valid Interest Rate

What is your current interest rate?

e.g.2.5 %
Please enter a valid overpayment value

How much do you want to overpay by each month?

e.g. 100
Please enter valid Value/Years

Do you want to make a lump sum payment?

e.g.100
in
e.g.15 Years

Flexible options

 
£
 
 
years
 
 
£
 

Without overpayments

Instalment
Total amount
Term

With overpayments

New instalment
New total
New term

Time saved

0 years

Interest saved

£0.00
Results - See how much you could save by making overpayments

If you overpay by:

per month

you could save:

in interest

and your balance could be:

lower when your mortgage term ends in

  Monthly payment Total amount repaid over term Balance at end of term
With overpayments
Without overpayments
With Overpayments #01b6c7
Without Overpayments #1c1251

MORTGAGE BALANCE AT THE END OF YOUR MORTGAGE TERM IN MMMMMM YYYY (£)

 

To see the effect of overpaying by a different amount, Click the “Edit details” tab below.

Edit details Next steps
Results - See how much you could save by making overpayments

If you overpay by:

per month

you could save:

in interest

and you will pay off your mortgage:

  Monthly payment Mortgage term Total amount repaid
With overpayments
Without overpayments
 
 

To see the effect of overpaying by a different amount, Click the “Edit details” tab below.

Edit details Next steps

Switch to Repayment calculator

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Switching to a Repayment mortgage offers you the reassurance that you will have repaid your mortgage in full at the end of your mortgage term.

Whilst this will increase your monthly payments, the increase could be less than you think.

If a switch to Repayment is unaffordable right now, you might consider switching just part of your mortgage, known as a Part & Part mortgage, which means lower monthly payments than a full switch. Whilst still reducing your outstanding balance, this leaves an Interest Only ‘part’ of your mortgage to be repaid in full at the end of your term, so some further planning would still be needed to cover this when the time comes.

Our calculator lets you see how much either a full or partial switch to Repayment would cost you each month as well as outlining some other options, such as making regular overpayments instead.

Start the calculator

Other information:

  1. This calculator provides an illustration of a mortgage with interest calculated monthly. The illustration is based on the assumption that your current interest rate remains stable throughout the remaining term of your mortgage.
  2. The total amount payable does not include any fees and charges that may be applied upon mortgage redemption or during your term.
  3. In reality, since the interest rate may rise or fall, the actual amounts quoted in the illustration may be different.
  4. We conduct an annual review of your mortgage account to ensure your monthly payment amount is accurate. This review considers your repayment type, current interest rate, payment due date, all payments received to date, your outstanding balance and the remaining term of your mortgage. Any adjustment will be confirmed in your annual statement – please check this carefully as soon as you receive it.

Your current mortgage

Please enter a valid mortgage balance

What is your outstanding mortgage balance?

£ e.g.125000
Please enter a valid Year/Month

How long do you have left on your mortgage?

e.g.15 Years
e.g.3 Months
Please enter a valid Interest Rate

What is your current interest rate?

e.g.2.5 %
Please enter a valid Switch Rate

How much of your interest only mortgage would you like to switch?

e.g.100 %

Calculation results

Interest Only Repayment Mortgage
Current term Current term Chosen term
Monthly Payment
Total interest amount payable over term
Balance owed at end of term
Total amount payable over term (Capital plus Interest)
Saving in total amount payable compared to Interest-only n/a
Results - How much would you pay over your mortgage term of ?
Total Per month
Interest only
Part & part (%)
Repayment mortgage

AMOUNT PAYABLE
(CAPITAL + INTEREST)

 
How much would you need to repay when your mortgage term ends in ?
Payable
Interest only
Part & part (%)
Repayment mortgage

FINAL BALANCE
REPAYABLE FEB 2032

 

Important

If you have an Interest Only mortgage with us (whether part or fully Interest Only), this means your monthly payments are paying off the interest but will not pay off the loan itself, and this can leave you in a very difficult position, with a significantlump sum to repay when your mortgage term ends in .

Your home may be repossessed if you do not repay the full amount on the date we agreed. You can also be taken to court to recover any additional shortfall if the sale price of your property does not cover the full loan balance.

Edit details Next steps

Find the right mortgage deal for you

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Our online DealFinder tool can help you search the market, to find and compare mortgages from other lenders that meet your needs. You can also save your criteria to search again another time, or set up email alerts to notify you if potential mortgage deals become available in the future.

DealFinder is a completely independent service provided by Defaqto, a leading supplier of financial information to a wide range of organisations. We receive no commission from any of the mortgage providers featured as part of this independent service.

Start the tool

Landlords budget planner

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This calculator is designed to give you an idea of the maximum interest rate your property or portfolio could sustain based on your current rent and costs. This 'stress test' requires you to identify the income and outgoings associated with your investment property and will help you identify when any changes in the interest rate may cause you issues in the future.

The calculations are based on an 'interest only' mortgage. If you have a Repayment mortgage you will need to factor in the additional capital that you have committed to paying off your mortgage each month.

Start the tool

Landlords budget planner

This tool will illustrate the maximum interest rate your property or portfolio could sustain based on your current rent and costs, based on an Interest Only Buy to Let mortgage. This 'stress test' requires you to identify the income and outgoings associated with your investment property and will help you identify when any changes in the interest rate may cause you issues in the future.

 
£
£
£
Total rent surplus/shortfall per month
 
Annual Costs
£
£
£
£
£
£
Equivalent Monthly Costs
Monthly Surplus/Shortfall
Maximum interest rate that can be sustained

Next Steps
If you are concerned that you may struggle to meet your monthly payments, please contact us as soon as possible to see how we can help you.

Alternatively you can refer to other useful pages on our website.

Homeowners

Landlords

Your home or property may be repossessed if you do not keep up repayments on your mortgage.

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