Mortgage-UK 1.4



Publisher Description



Mortgage-UK calculates the true cost of a mortgage and allows you to compare the effect of different interest rates and overpayments. It is designed for the UK market, but may work for other country's mortgage systems. It runs on all versions of Windows.
Use Mortgage Manager to create an icon for each mortgage you are evaluating, then enter values such as the mortgage amount, fixed/discounted/capped/cashback rates and the interest calculation period as well as one-off administration costs. Payment details are then calculated with a month-by-month break-down of the payments and the running total. You can modify the interest rate and add over-payments to see their effect on the costs. Different mortgages can then be compared to see which is cheapest over various periods of time.
But why do you need it? Because it's not possible to know which mortgage is cheapest just from the headline interest rate. Try this: Which is cheaper over 25 years? (1) A 3 year fixed rate of 4.5% with a setup fee of 300 and then a variable rate of 5.5%, or (2) A 5 year fixed rate of 5.0% with a setup fee of 200 and then a variable rate of 5.5%? If you don't know, then you need Mortgage-UK to save you money.
When you choose a mortgage it is easy to just pick the one with the lowest rate. This is not always a wise choice however since factors such as setup fees, redemption penalties and the variable interest rate all have a significant effect on the overall cost. The only sure way to find the cheapest is to calculate the payments under the different interest rates, add them up and add on the fixed costs. Not much fun when you consider the hundreds of mortgages on the UK market and the mathematics behind them. Mortgage-UK can do all this for you and could save you thousands!


About Mortgage-UK

Mortgage-UK is a free trial software published in the Other list of programs, part of Home & Hobby.

This program is available in English. It was last updated on 19 March, 2024. Mortgage-UK is compatible with the following operating systems: Windows.

The company that develops Mortgage-UK is AJD Computing. The latest version released by its developer is 1.4. This version was rated by 5 users of our site and has an average rating of 2.4.

The download we have available for Mortgage-UK has a file size of 1.05 MB. Just click the green Download button above to start the downloading process. The program is listed on our website since 2003-04-21 and was downloaded 378 times. We have already checked if the download link is safe, however for your own protection we recommend that you scan the downloaded software with your antivirus. Your antivirus may detect the Mortgage-UK as malware if the download link is broken.

How to install Mortgage-UK on your Windows device:

  • Click on the Download button on our website. This will start the download from the website of the developer.
  • Once the Mortgage-UK is downloaded click on it to start the setup process (assuming you are on a desktop computer).
  • When the installation is finished you should be able to see and run the program.



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Users Rating:  
  2.4/5     5
Downloads: 378
Updated At: 2024-03-19
Publisher: AJD Computing
Operating System: Windows
License Type: Free Trial