| |
|
|
| |
|  Site
Features: Calculators
|
Repayment calculator |
This calculator can be used to help you assess whether it
is worth switching from one mortgage scheme to another. If
you choose to remortgage, your existing lender may charge
a redemption fee, there may be a charge from your new lender
and you will also have to pay legal and administrative costs.
These costs are called the switching costs. To measure whether
it is worthwhile remortgaging, the NPV (Net Present Value)
of any improved cash flow from the switch is compared with
the switch costs.
It is only worthwhile switching from an existing scheme to
a new one if the switch costs are low enough. This means that
the new scheme must produce enough savings over the expected
life of the new mortgage to cover the switching costs. This
calculator measures the NPV (Net Present Value) of any improved
cash flows resulting from the switch. A switch is only worthwhile
if the actual total switch costs work out less than the NPV
figure calculated. A negative figure implies that a switch
is only worthwhile if there is a cashback of at least that
figure paid out from the new scheme.
Please note: This calculator should be used for indicative purposes
only and should not be taken as representing advice. Always
get a full quotation from your lender or other professional
adviser before purchasing a remortgage product.
|
|
|
| |
|
|
|
| |
|
|
| |
 Site Features:
| Spotlight On | Here are a selection of inexpensive properties in Manchester. | Bargain Basement | When it comes to bargains, there's not much better than renovation projects to reduce demand and therefore offer up some interesting opportunities. At the low-to-middle sector of the UK renovation market, these properties all offer potential for capital growth... | Choice picks | This week, a selection of some of the biggest and best houses that Gloucestershire currently has on the market - don't expect to spend much less than £600,000 mind you ! | Hot New Homes | 2 Bedroom Apartment. Sandling Park has excellent road and rail links with the M20 less than a mile away (which connnects to the M26/M25) providing good access to both Gatwick and Heathrow airports. The channel tunnel is easily accessible from the M20 at Junction 11. | Latest Additions | An automatically updating page that shows the 5 newest properties on TheMoveChannel.com in this country. | Features File | If you're feeling adventurous, you can find cheap property abroad with good potential returns… | Forums | Askother users about their experiences, share your own adviceand suggestions, or simply have a nose at what other people have to say. | Calculators | Finance calculators to work outmortgage repayments and other such mentally challenging tasks... | Online store | Browse listings for a range of books, software, magazines and other products to help you with your property activities... |
|
|
| |
|
|
|
