JEREMY FOSTER

INDEPENDENT FINANCIAL ADVISERS

A Member of DBS Financial Management PLC which is regulated by the Personal Investment Authority

The guidance and/or advice contained within this website is subject to the UK regulatory regime and is therefore primarily restricted to consumers based in the UK


 

Interest Only Mortgage Repayments Calculator

This shows how much the monthly Interest repayments are for a given loan amount. Tax relief at 10% on first £30,000 is included in the calculation.

 

Total Mortgage amount needed:

Interest rate, for 8.95% enter as 8.95:

Monthly "Interest Only" payment to the Lender:

Please bear in mind, that at 10% it will be:


 

WARNING

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Please note that the above figure does not include any repayment of capital to the lender and therefore would be used in conjunction with an Endowment Policy, Pension Policy or other suitable repayment vehicle specifically suited to your particular circumstances.  This would be decided after a full financial planning review.

 

* The PIA does not regulate Mortgages.
§ Written quotations are available on request. All loans are subject to status. Life Assurance may be required.
§
YOUR HOME IS AT RISK IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE
OR OTHER LOAN SECURED ON IT

 

 


Copyright: Jeremy Foster.
Last revised: March 02, 1999.