Moneyextra.com unveils new mortgage calculators

July 11th, 2007

Online help now at hand for hard-pressed homeowners and homebuyers

Millions of homeowners face a nasty shock over the summer months as their fixed rate mortgage deals come to an end. The Bank of England's base rate now stands at a new six-year high of 5.75% with talk of more interest rate rises to come.

Online independent financial adviser Moneyextra.com has unveiled a suite of simple-to-use mortgage calculators allowing homeowners and homebuyers to see at a glance the impact of their mortgage choices on their pockets.

Five new mortgage calculators show how much you could borrow; how much you could afford to borrow over different lengths of time; what your repayments would be; what would happen to your payments if interest rates change; and what the impact of overpaying your mortgage would be:

• How much could I borrow?
• What will my repayments be?
• What if interest rates change?
• How much could I afford to borrow?
• Overpaying your mortgage

Moneyextra's free calculators help mortgage borrowers to decide their mortgage options. Together with a mortgage comparison tool that offers more than 10,000 different mortgages from 126 providers, Moneyextra's calculators allow site users to find the right mortgage solution for them.

Robin Amlôt of Moneyextra.com comments, "Unlike some price comparison websites we don't pass information on to third parties. Moneyextra's own team of expert mortgage advisers offers completely impartial regulated advice.

"Anybody looking for a mortgage is assigned their own named mortgage adviser who'll look after them all the way through the mortgage process.

"And the service doesn't end there. We'll keep an eye on the mortgage and remind people in good time when any introductory rate is about to end so they can check their mortgage is still competitive - if it isn't we'll help them find one that is!"

 

For further information, please contact:

Robin Amlôt
Senior Editor, Moneyextra
Tel: 0870 191 5626
public.relations@moneyextra.com

Moneyextra.com regularly wins awards - in 2007

• Finalist Customer Focus, National Business Awards Wales/West Country Region
• Finalist Growth Strategy, National Business Awards Wales/West Country Region
• Money Marketing IFA of the Year 2007 - won as part of AWD Group

Moneyextra.com is one of the UK's longest-established personal finance websites. It has 536,000 unique users and delivers 5.5 million page views every month and has 513,000 registered users.

As at 25th June 2007, Moneyextra.com featured:

• More than 10,000 Mortgages from 126 providers
• 205 Personal Loans from 55 providers
• 211 Credit Cards from 63 providers
• 1,505 Stocks & Shares ISAs from 58 providers
• 173 Cash ISAs from 91 providers
• 123 Current accounts from 36 providers
• 876 Deposit accounts from 149 providers