Mortgage calculator

Use the calculator here to work out your mortgage repayments:

See the Pen Clearwater Mortgage Calculator by Jack Dyer ( @theuxdesigner ) on CodePen.

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Your mortgage would cost: £ per month

This calculator is for illustrative purposes only. Any mortgage offer would be subject to status and underwriting; therefore any rate or product offered may differ from the rate shown on this calculator.

Which mortgage is right for you?

There are so many different types of mortgages available to choose from. It can be confusing knowing which is the right one for you and your situation. This is how Clearwater can help you.

Fixed Rate Mortgage

When you take out a fixed rate mortgage you will always pay the same amount every month, which provides the stability of knowing exactly what your mortgage payments will be. Even if the Bank Of England base rate increases, your payments will remain the same for the duration of the fixed rate.

Standard Variable Rate

Once your deal comes to an end you will fall onto the mortgage company SVR. The rates can be higher and will fluctuate - The lender sets the rate, but traditionally they follow the Bank of England rate.

Offset Mortgage

Your mortgage will be linked to a savings account or sometimes a current account. The amount you have in the account will offset against your mortgage balance. its unlikely that you will earn interest on your savings as the interest will be offset against the mortgage.

Tracker Rate Mortgage

This type of mortgage will track the Bank of England base rate so your mortgage repayments will change each time the bank of England adjusts the rates.

Interest-Only Mortgage

These arrangements do not require that you make capital repayments until the end of the loan. The repayments are made up entirely of interest on your outstanding debt. In order to clear capital, at the end of the loan, you must have an amount equal to the outstanding debt.

Taking out an interest-only mortgage is risky as there is no guarantee that the investment will be worth enough to pay off the mortgage in full. You also end up paying more interest overall.

Buy To Let Mortgage

A buy to let mortgage is a loan to purchase or refinance residential property which is let to tenants rather than lived in by the borrower. Classed as a business transaction, rates and fees are generally higher than on a typical residential mortgage. 

Repayment Mortgage

This is a mortgage where the monthly repayments consist of repaying the capital amount borrowed, as well as the accrued interest. That the amount borrowed decreases throughout the term and by the end of the loan term has been fully repaid.

We offer mortgages for all your needs:

We also offer advice on the "Help To Buy" application.

Mortgages

  • Home Movers
  • Buy To Lets
  • Remortgages

First Timers

  • First Time Buyers
  • 5% Deposit Mortgages
  • New Build Mortgages

Mortgage Checklist

When applying for a mortgage, these are the minimum requirements and other documents that may be required by each applicant.

  • The last 3 months bank statements
  • Proof of address, dated within the last 3 months
  • Passport or Driving Licence
  • Passport or Driving Licence
  • Proof of Deposit
  • If employed, your last 3 payslips
  • If self-employed or Company Director: the last 2 years SA302s, tax summaries and your company accounts

It's vital that you provide each of these documents when applying for a mortgage. We'll explain each step of the application process with you, so you fully understand everything before submitting the application. If you're still unsure, you can get in touch with us directly or see what our clients have said about us:

Contact UsTestimonials
  • The last 3 months bank statements
  • Proof of address, dated within
    the last 3 months
  • Passport or Driving Licence
  • Proof of Deposit
  • If employed, your last 3 payslips
  • If self-employed or Company Director: the last 2 years SA302s, tax summaries and your company accounts
/** * Mortgage Calculator written by Christopher Cox (That Software Guy) * Copyright © 2018 Christopher Cox * https://thatsoftwareguy.co.uk * * Site designed and developed by (and copyright of) © The UX Designer * https://theuxdesigner.co.uk */