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Life

22nd Sep 2015

Confused by the cost of a mortgage? Not to worry, there is help

It's all going to be cleared up

JOE

Mortgages – confusing, aren’t they? Or are they?

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Whether you’re moving home, a first time buyer, or remortgaging, trying to calculate the costs can at first seem confusing.

Luckily, Ulster Bank have a Mortgage Calculator to help figure out how much you could borrow and a Repayments Calculator that shows what your monthly repayments could be.

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They’re simple to use. To find out how much you could borrow, all you need to do is enter the details of your gross annual salary, your net monthly income, any other additional income, your current outstanding credit card amounts, any other monthly debts or outstanding commitments.

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Just pop in your information, making sure it’s all correct, and you’ll get a host of options in just seconds . This isn’t an official mortgage offer but it will give you an idea of  how much you could borrow so you can start doing the sums.

Likewise with the repayments calculator – just pop in how much the property is, over how long you want to borrow for, and how much of a deposit you have. Play about with this one and take the time to work through the results to help your search in finding the right mortgage for you.

Let the property search begin!

Ulster Bank understands that you want a mortgage you can live with. So in order to give you a mortgage that suits you, they’ve developed a range of mortgages. 

Take a look at our mortgage options or have our team call you to arrange an appointment.

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Topics:

Finance