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Free Mortgage Calculator Multiplies Borrowing Options

PRESTON, England Feb. 3, 2011

The calculator.co.uk online mortgage app lets consumers instantly find out how much they can borrow and the estimated cost of repayments.

The site strips away all the financial mumbo-jumbo, ifs and buts that are so confusing for most consumers to tell them exactly what they want to know.

All the consumer has to do is input the answers to just seven straightforward questions about their income, credit repayments and the borrowing requirements for the new mortgage (1).

Calculator.co.uk

Adjusting the figures to compare loans and repayments is easy with the mortgage app’s simple slider interface.

No fuss – just a quick and easy mortgage app

For consumers who want mortgage advice, an online form is available at the touch of a button that puts them in touch with an experienced and knowledgeable consultant.

Free download guides highlight the key differences and explain the technical terms for key types of loan, like fixed, tracker and variable rate mortgages.

What’s more, no-one has to sign up to the site or type in a password whether they use the mortgage calculator once or a thousand times.

mortgage calculator’

Daniel Brown

Compare thousands of mortgages and remortgages

"Most people want to know how much they can borrow and how much the loan will cost, so we tell them. If they want to find out more, they can, but there’s no obligation to do so and no one collects any user data.

"Our aim is to give consumers the information they need to make an informed choice about the best mortgage to suit their personal financial circumstances."

The mortgage calculator compares products and prices for thousands of mortgages for first time buyers, movers and buy to let landlords. The calculator will also help homeowners find the best remortgage deals.

Mortgages are just the first of several online calculators lined up for the calculator.co.uk personal finance comparison web site.

Coming soon are more helpful apps to help with finding personal loans and the best place for savings.

http://www.calculator.co.uk/mortgage-calculator/

Notes:

1 –  The seven questions asked by calculator.co.uk

How much do you earn?

How much does your partner earn?

How much are your monthly credit repayments?

How much deposit have you saved?

How much do you want to borrow?

How much of the borrowing is capital and repayment?

How long is the loan period?

2 – The term ‘mortgage calculator’ was searched for 135,000 times in October, which accounted for 7% of all retail banking-related searches and 24% of specific mortgage-related searches, according to Greenlight, a search marketing specialist and technology firm.

Contact

Contact: Sam Allcock
Tel:  +44(0)1772-781-830

[email protected]

SOURCE Calculator.co.uk

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