The Santander mortgage repayment calculator is a genius idea that allows people that are thinking about getting a mortgage to know what they are getting into before they accept anything. This is a great system that is now being implemented across any website relating to mortgages.
It's great because it makes the customer understand the type of repayments that they can expect to get into based on their income, deposit and any other important factors. This way you can eliminate any doubts or worries before you actually take out the mortgage.
You will find mortgage calculators all over the internet but today we are focusing on Santander's offering. Hit up the 'Santander-Products' website and let's find out what type of repayments you can expect to pay back.
All you have to do is fill in the little calculator with a few details. The cost of the property, the deposit you have, the amount of years you wish to pay it back for etc.
Say for example the property is £180,000 and you have a £20,000 deposit, if you wish to pay this back over 25 years it will cost you between £900 and £1,000 a month. It's that simple to work out and it only takes a matter of seconds.
Before you get involved in any mortgage payments hit up the Santander website and try out their mortgage repayment calculator. It is a great way to know what type of cash you can expect to pay per month so check it out!