Fixed rate 15 year remortgage payments calculator
What will be my monthly payments on a fixed rate 15 year remortgage?
The Fixed Rate 15 Year Remortgage Payments Calculator will help you to compare your existing mortgage deal with a new one, if you are considering remortgaging. Simply enter the amount that you need to borrow when you remortgage and the new interest rate that you would be moving to, and you will be able to see what the monthly repayments would work out to. Many people choose to remortgage when they come to the end of a competitive introductory rate on a fixed rate or variable rate mortgage.
The reason for this is that when you reach the end of this tie-in period, your mortgage interest rate often reverts to the lender's standard variable rate (SVR). Because the lenders save their very attractive rates for appealing to new customers, the SVR is rarely competitive, and you could be sitting on a rate that costs you more in repayments each month than necessary. You are only charged a fee for moving your mortgage to a new provider if you do so within the introductory period, so if you have reached the end of your deal, shop around, talk to brokers and see which products are available to you. The Fixed Rate 15 Year Remortgage Payments Calculator will make the comparison much easier.