Select from the following list of useful mortgage tools.  Note that some do not work properly on older versions of Netscape Navigator: -

The Mortgage Wizard.  Answer just three simple questions to determine what type of mortgage scheme best suits you.  Is it repayment or interest-only?  Is is a fixed rate, discount, cashback, cap or collar?  Should it be a flexible mortgage?

Simple Mortgage Calculator.  Enter the loan required, its term and the interest rate to calculate the monthly repayments.  If you know the compounding period (i.e. when interest is accrued, e.g. monthly, like many banks, or annually like many Building Societies) you can refine the calculation.

Mortgage Affordability Calculator.  If you know how much you can afford each month, you can calculate approximately what size mortgage loan this means.  You can also see the typical income you need to earn to qualify for such a mortgage.

Re-Mortgage Calculator.  If you want to switch mortgage schemes without moving house, you will need to know if it is financially worthwhile.  This tool calculates the savings possible on a new scheme so you can check it against the upfront costs of the switch.

Any Loan Calculator & Illustrator.  Many schemes offer cashbacks or short term discounts, or fixed rates for pre-set periods.  Calculate repayments and, to accurately compare the cost of one scheme with another, calculate an accurate measure of the IRR - the Internal Rate of Return.  This is the same as the new APR (Annual Percentage Rate) except you choose the expected life of your mortgage - typically  between five and seven years.  This is a fully comprehensive mortgage calculator and includes an illustration of month-by-month payments and debt.

Investment Property Returns.  Find out the anticipated return on capital when you purchase a commercial or residential investment property that is let.  Check whether it is better to borrow rather than to pay cash. Bug corrected 5 Apr 2006.