Skipton launches mortgage calculator

Skipton has launched a new mortgage calculator.

User input the amount they want to borrow, the term over which they want to pay it back and the rate of interest on the mortgage, to calculate how much the monthly repayments will be.

In addition, they can change the amount of the loan, the term, the interest rate or the monthly repayment amount.

As you change one item, all the others automatically re-calculate in line, so users can easily see what difference paying just slightly more per month, shortening the term, increasing the size of the mortgage or any interest rate changes could make.