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ali
Posted: Thursday, December 20, 2007 12:33:10 PM
Rank: Newbie

Joined: 12/20/2007
Posts: 5
Location: Cambridge
hey,
like the mortgage quote idea but wondering if there's a way to get a quote on your quote form without entering in all my personal details? just worried they might be used to contact me or something and i just want a rough idea of mortgages.
cheers
mark
Posted: Thursday, December 20, 2007 2:33:29 PM
Rank: Administration

Joined: 12/20/2007
Posts: 5
Location: London
hi, we are working on a simple mortgage calculator to allow you do just that. However it it worth bearing in mind there is a flaw in any auto calculation tool (which you may have seen elsewhere)

Auto calculation of mortgages are based on best advertised "headline rates" ie very best rate a bank offers.

However it dosent always mean that is what the bank is going to be offering you.

The offer rate (ie the one they say you can have) is dependent on who you are and what you are able to repay, and how much you have saved up as a deposit.

Some banks base the rate they offer you on "affordability".

Ie what they think you can repay them every month.

so be wary of a simple mortgage calculator - its not always a good idea.

shortly you will see our mortgage tool.

which we hope (if i get this bit right) will show you what you can borrow and where we think its a good idea for you to start looking for this mortgage, with out having to give away the bank. - good luck



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