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Thinking of remortgaging? Our remortgage calculator shows you what your monthly repayments could be, your potential loan-to-value and how much you could save.
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We calculate your new monthly repayment using the outstanding mortgage balance, the remaining term, and the new interest rate you've entered. The calculation uses a standard amortization formula that factors in both interest and principal repayment.
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Lower LTV percentages may qualify you for better interest rates from lenders.
The Loan to Value (LTV) is calculated by dividing your outstanding mortgage balance by your current property value, then multiplying by 100 to get a percentage.
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