125 percent remortgage calculator
FREE Whole of Market Advice
Work out how much you can afford to borrow with our 125% remortgage calculator.
Regrettably, there are currently no mortgage lenders in the UK offering 100% or 125% remortgages. All such products were withdrawn from the market at the start of 2008, as mortgage lenders started to experience difficulties in securing funding for these products.
It may be that mortgage lenders will re-enter this market, should their confidence in the financial markets return. Until then, remortgages are only likely to be available up to 90% and lenders are likely to require a deposit of 5-10% or more from people looking to purchase a property.
Though deals vary from lender to lender, First Mortgage’s calculator can give you a good idea of how much you will need to repay each month. We search the whole of the market for the best deals - and we won’t charge you a thing for our service. Use our 125% remortgage calculator to find the best repayment option.
Use our 125% remortgage calculator
What is a 125% remortgage?
A 125% remortgage allows you to borrow 25% more than the value of your home. This can be a great way to consolidate debts or raise cash for any reasonable purpose - from buying a new car to investing in buy to let property.
Using the 125% remortgage calculator
Simply type in the amount you want to borrow, the interest and the time over which you want to repay the loan - then press the calculate button. Our 125% remortgage calculator will let you know how much you can expect to repay each month. If you would like an exact quote, please call us on 0845 603 1525 or click here for a 125% remortgage quote.
Of course, a 125% remortgage isn’t the best choice for everyone. Rates tend to be higher than with standard deals because the risk to the lender is greater. It also means that you will have a larger mortgage, higher monthly payments and a longer payment term. However, for many this is a good way to raise cash without taking out an unsecured loan. You can also remortgage at a later date to a more favourable rate once you have paid of some of the capital.
Use First Mortgage’s 125% remortgage calculator
If you would like any more information or advice, call us on 0845 603 1525. Our friendly and experienced consultants can help you find the right deal and guide you on how to use the125% remortgage calculator.
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First Mortgage, the UK’s specialists in sourcing mortgages, remortgages and protection plans, are actively encouraging clients in Scotland (...)
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