Interest rate comparison calculator
- Concerned you’re paying too much mortgage interest?
- Need or want to cut down on your monthly outgoings?
- Or are you near the end of your current deal and need to switch/remortgage?
Freelancer Financials can advise you if a lower interest rate is available to help you with your goals.
Follow the three steps below and get in touch with our expert broking team for support.
The recent fluxes in interest rates have seen a surge in remortgage/product switch activity. In one sense, this is a good thing!
Why is it good news? Well, we should all think more about our next mortgage interest rate. Sadly, not enough of us do. But, as you’re here, we can see you’re on the right track.
Even better, if it’s a product switch you’re after, we don’t charge a fee! Dive in to compare rates your next competitive mortgage deal.
1. About your current mortgage
Before we can see how much you might save, you’ll need a few bits of information. First, you’ll need your current mortgage details, namely:
- The balance outstanding on your current mortgage
- How many more years your mortgage has left to run
In addition, you’ll need either:
- The interest rate your current mortgage lender is charging you, or
- Your current minimum monthly mortgage repayment
If you don’t have that information or a recent statement handy, give your lender a call. They’ll have all that information for you.
2. What are the details of your new mortgage?
Again, as you’re here, we assume you’ve found your next mortgage deal. If not, take a look at our mortgage lenders with contractor-friendly policies. They’re sure to have a deal that optimises your contract rate.
Whether that’s a remortgage or product switch, you’ll need to provide:
- What type of mortgage you’re looking at to replace your current one
- What interest rate this new mortgage will attract
With all this info at hand, you’re ready to use our interest rate comparison calculator. Input each figure into its corresponding field in the form above, then hit ‘Calculate’.
3. Your remortgage or product switch comparison results
The form will then present your results. This table will display your:
- Existing monthly mortgage repayment (to compare against the new results)
- What your new mortgage repayment is likely to be
- How much this can potentially save you, both by month and annually
If the results are to your liking, or want to discuss them further, hit the table’s ‘Enquire now’ button. This will take you to a short, simple form, including our phone number. Give either a whirl, and we’ll be happy to talk over your options, with no obligations, and for free.
Want to talk to someone now about your next mortgage interest rate? Call us on 0208 421 7999.
We're here to help
Got questions or need assistance? We’re here to help. Whether you’re looking for mortgage advice, have specific queries, or just want to discuss your options, our expert team is ready to assist you.
Reach out using the form here and we’ll get back to you as soon as possible. Let’s connect and start making your home ownership goals a reality.
To speak to an advisor immediately, please call us on 020 8421 7999
Why using your contract rate for affordability matters
Are you new to contracting, or are an old hand who’s just landed a great contract? If so, securing a mortgage based on your contract rate is the best way to access great rates.
Why is that? Your contract rate could secure more competitive rates than you’d get on the High Street. And it’s access to underwriters behind those rates where we can lend our expertise.
But before you start, make sure your credit rating is solid and your electoral roll details are up to date. With these in place, we can then help you get a precise mortgage offer based on your contract rate. We can’t wait to hear from you. Good luck!
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