Work out how much you can afford to borrow and what your monthly repayments will be with our interest only remortgage bad credit calculator. Fresh Start Finance scours the whole of the market for low interest remortgage deals for UK homeowners – even if you have a bad credit history (arrears, bankruptcy, CCJs or defaults). Our calculator can help you make sure that you don’t overstretch your budget. Call us now on 0800 389 6345 for an immediate quote. This type of deal allows you to pay off just the mortgage interest through your monthly repayments, leaving the initial loan figure to be paid off in full at the end of the term. The idea is to make payments into another investment plan, such as an ISA, pension scheme or endowment policy, so that you can afford to pay off the sum at the end of the remortgage period. Ideally, you will have some extra cash left over from your investments.
Simply type in your required amount and the repayment term, then press the calculate button. Our calculator will let you know what your monthly repayments will be. For an exact quote, call us on 0800 389 6345.
If you are a low earner, but expect to earn more in the near future, you may want to get an interest only remortgage and then switch to a repayment deal when you can afford it. For other repayment methods, visit our repayment remortgage, investment backed, or part and part pages.
Apply for a low APR interest only remortgage with Fresh Start Finance
Feel free to call us now on 0800 389 6345 for an immediate quote. Our team are on hand to answer any questions that you may have and help you find the best possible deal.
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Interest only remortgages
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