Mortgage repayment calculator

Whether you are a first-time buyer, a Buy-to-Let landlord or an existing mortgage holder in search of a cheaper deal than your current lender has provided, our online mortgage repayment calculator will give you valuable insight as to how much your monthly payments will be. This is based on the type of mortgage you are applying for, the amount of capital needed, the product lifetime and the rate of interest attached to your product.As no two mortgages are exactly the same, we have decided to offer a number of different calculators (one for each type of mortgage), along with helpful advice and a brief insight on the various borrowing options available. As well as enabling you to work out the actual cost of taking out a particular mortgage, we also provide the opportunity to talk to an FCA approved and regulated advisor who will be glad to explain the various options available based on your individual circumstances and unique financing requirements.Want to know how much you can borrow based on your monthly? Need to work out how much fluctuation in the base rate of interest will affect your monthly outgoings? Then you can simply use any one of our online repayment calculator tools as an informative reference guide that will remove the cloud of confusion whilst helping you to determine the most appropriate funding solution in accordance with your own specific needs.

Types of mortgage available

People buy properties for a variety of reasons. Perhaps you are tired of renting and would like to save money whilst investing in a place to live in that you can well and truly call your own. You could even be thinking of moving to a new area with the intention of letting out your current home whilst turning it into a healthy source of secondary income that will cover the cost of relocating. Whatever your needs, and whatever your desires, by acting intelligently and using the right mortgage product you can turn the thoughts in the back of your mind into a genuine reality that will effectively generate a reliable source of funds in the short and long term.At Donkey Finance, we are able to source a wide range of products from a diverse panel of lenders covering the entire market – from mainstream providers, such as banks and building societies, through to an exclusive choice of private investors, who will consider any type of investment based on its own merits.Want to know how much you can borrow based on your monthly? Need to work out how much a fluctuation in the base rate of interest will affect your monthly outgoings? Then you can simply use any one of our online repayment calculator tools as an informative reference guide that will remove the cloud of confusion whilst helping you to determine the most appropriate funding solution in accordance with your own specific needs.

This includes mortgages for:

First time buyers
Buy-to-let investors
Let-to-buy landlords
Remortgagers
Homeowner loan applicants
Additional homeowner borrowing

Whether you are looking for an interest-only / variable rate mortgage, or a fixed rate / repayment plus interest mortgage, our online advisors are here to assist and can seriously help save you a considerable amount of money that can be put to good use elsewhere in the landscape of your finances.

When applying for a mortgage – what will I need?

Each type of mortgage requires a different set of documentation from the applicant.For example, if you are applying for a Buy-to-Let Mortgage, you will typically need to provide evidence of any additional properties you own, either mortgaged or owned outright, along with details of the expected rental income and information on your tax returns – assuming you own multiple BTL homes.On the other hand, a First Time Buyer will need to provide a different set of details such as the full address of the property, the approximate year of build and information regarding the leasehold (if the property is not freehold).

However, there are certain details that all mortgage applicants need to provide, regardless of the product they are applying for, which are as follows:

Proof of Identity
Proof of Address
Bank Statements (last 3 months)
Proof of Income
Evidence of Other Income
Details of Non-Mortgage Related Borrowing
Details of Protection Plans and Employer Benefits

Our trained advisors are always available to answer any questions you may have regarding any specific application or mortgage product, so if you need further help or information then please do not hesitate to ask.