Helpful tools

We have a number of mortgage tools and calculators to illustrate and help you understand the options available to you.

If you are unsure about how to use any of the tools please view the full explanatory text on the relevant pages, or Contact us.

Rate rise calculator

Interest rates have been at an historically low level for a long period of time, leading to reduced payments for those on variable mortgage rates. But what could happen to payments if interest rates were to rise in the future?

If you would like to see how future interest rate rises could affect your monthly mortgage payments, then try our rate rise calculator. Simply enter a few basic details about your mortgage and we will show you what your payments could rise to should rates rise in the future.

Start the tool

Rate rise calculator

If you are on a variable rate mortgage, simply enter a few basic details about your mortgage to see how future interest rate rises could affect your monthly payments. This is an illustration only - any rate rises that apply to your mortgage will be dependent upon the Terms and Conditions of your loan. If you are unsure of any of this information then please refer to your most recent mortgage statement.

Please note - this calculator provides an illustration of a repayment or interest only mortgage with interest calculated monthly.
The actual payments may differ.

years

months

 

%

 
 

Calculation results

If interest rates rise by
Current rate 0.25% 0.50% 1.00% 2.00% 3.00% 5.00%
your monthly payment will be* 0.00
An increase of 0.00

Next Steps
If you are concerned that you may struggle to meet your monthly payments, please contact us as soon as possible to see how we can help you.

Alternatively you can refer to other useful pages on our website.

Homeowners

Please note - this calculator provides an illustration of a repayment or interest only mortgage with interest calculated monthly. The actual payments may differ.

Switch to a repayment mortgage

Switching to a repayment mortgage will increase your monthly payments, but the increase may be less than you might think. You also get the peace of mind that at the end of your mortgage term you will have paid your mortgage off in full.

This calculator illustrates the potential impact of switching from Interest Only to a Repayment mortgage.

The illustration assumes that your current interest rate remains stable throughout the remaining term of your mortgage. In reality, interest rates may rise or fall, so the actual amounts may be different to those quoted in the illustration.

The total amount payable does not include any fees and charges that may be applied upon mortgage redemption or during your term.

Start the tool

Repayment calculator

This calculator illustrates the potential impact of switching from Interest Only to a Repayment mortgage. Simply enter the key details about your mortgage and the tool will illustrate the differences between these two payment methods.

With a Repayment mortgage, your monthly payments will be higher as they cover the interest on the amount you've borrowed and they will also reduce the balance of your loan. However, provided you stay on track with your monthly payments, your mortgage will be completely paid off at the end of the term.

Your current mortgage

 

£

 
 
 

 
 
 

 
   

Flexible term

Alter the remaining term to illustrate the effect on your monthly payments, interest paid and total amount payable over the term.

 

 
 

months

The maximum term available to you is your
current mortgage term.

Calculation results

Interest Only Repayment Mortgage
Current term Current term Chosen term
Monthly Payment
Total interest amount payable over term
Balance owed at end of term
Total amount payable over term (Capital plus Interest)
Saving in total amount payable compared to Interest-only n/a

Please note – these figures are an illustration only and do not take into account changes in interest rates throughout the mortgage term. The total amount payable does not include any fees and charges that may also be applicable over the term or on redemption.

Next Steps
For more information about switching to a Repayment mortgage, please contact us as soon as possible.

Alternatively you can refer to other useful pages on our website.

Homeowners

See how much you could benefit from overpaying your mortgage

Even small overpayments on your mortgage could make a big difference to the amount of interest you pay over the term of your mortgage. Our overpayment calculator provides an illustration of a mortgage with interest calculated monthly. The illustration is based on the assumption that your current interest rate remains stable throughout the remaining term of your mortgage.

In reality, since the interest rate may rise or fall, the actual effect of any overpayments on your mortgage may be different.

Also, depending on your mortgage, you may be liable to pay an Early Repayment Charge (ERC) if you make an overpayment. However, we are currently waiving all ERCs until further notice, so you won't have to pay this fee at present, even if it would usually have applied.

Start the tool

Make overpayment

This tool illustrates the positive effect that making overpayments can have on your mortgage. Simply enter some basic details about your mortgage and the amount you can afford to overpay. Whether it's a regular monthly overpayment or a one-off amount, you might be surprised how much difference it makes.

Simply insert your outstanding mortgage balance, current interest rate and remaining term.

Choose your mortgage type:

 
 

Flexible options

 
£
 
 
years
 
 
£ in years
 

Without overpayments

Instalment
Total amount
Term

With overpayments

New instalment
New total
New term

Time saved

0 years

Interest saved

£0.00
 

Please note – the calculator assumes your current interest rate will remain the same over the remaining term of your mortgage. In reality, interest rates could rise and fall and this will affect the amount you overpay. Please refer to your original terms and conditions to see if you are eligible to make overpayments.

While there are clear financial benefits to overpaying your mortgage, you should not overpay more than you can afford. If you have other outstanding debts, like credit cards or personal loans, consider if it would be better paying these off first – especially if the interest rate you are being charged on them is higher than that applying to your mortgage. If you have any queries, we recommend you speak to an independent financial adviser.

Next Steps
For more information about making overpayments, please contact us as soon as possible.

Alternatively you can refer to other useful pages on our website.

Homeowners

 
Use our calculators to work out your options
  • Rate rise calculator
  • Repayment calculator
  • Overpayment calculator
  • Personal Support