Mortgage-UK
v1.4
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| Mortgage-UK
v1.4 |
What's New
Description Download
Registration Screen Shots
Use Mortgage-UK to create an icon for each mortgage
you are evaluating, then enter values such as the mortgage amount, fixed/discounted/capped/cashback
rates and the interest calculation period as well as one-off administration
costs. Payment details are then calculated with a month-by-month break-down
of the payments and the running total. You can modify the interest rate
and add over-payments to see their effect on the costs. Different mortgages
can then be compared to see which is cheapest over various periods of
time.
But why do you need it? Because it's not possible to know which mortgage
is cheapest just from the headline interest rate. Try this: Which is cheaper
over 25 years? (1) A 3 year fixed rate of 4.5% with a setup fee of 300
and then a variable rate of 5.5%, or (2) A 5 year fixed rate of 5.0% with
a setup fee of 200 and then a variable rate of 5.5%? If you don't know,
then you need Mortgage-UK to save you money.
When you choose a mortgage it is easy to just pick the one with the
lowest rate. This is not always a wise choice however since factors such
as setup fees, redemption penalties and the variable interest rate all
have a significant effect on the overall cost. The only sure way to find
the cheapest is to calculate the payments under the different interest
rates, add them up and add on the fixed costs. Not much fun when you consider
the hundreds of mortgages on the UK market and the mathematics behind
them. Mortgage-UK can do all this for you and could save you thousands!
20th April 2000: version 1.3
Mortgage details screen (23 KB)
Distribute the complete install file freely, keep all files together.
Disclaimer: This site should not be used for the basis of any decisions,
do not rely on the figures and opinions, they may contain errors.
Always seek professional financial advise when choosing a mortgage. No liability
can be accepted for any loses that result from this site's use. All rights reserved.
Description
Mortgage-UK calculates the true cost of a mortgage and allows you to compare
the effect of different interest rates and overpayments. It is designed
for the UK market, but may work for other country's mortgage systems. It
runs on all versions of Windows.
Download
Download the shareware demo version of Mortgage-UK now:
This version allows you to try out all the functions of Mortgage-UK before deciding
whether to register. It limits
the number of mortgages you can create and does not allow saving or printing.
What's New
21st April 2003: version 1.4
30th December 1999: version 1.2
28th August 1999: version 1.1
5th April 1999: version 1.0
Screen Shots
Mortgage payments datasheet (22 KB)
Mortgage cost comparisons (17 KB)
Status
Mortgage-UK is NOT free, it is a SHAREWARE DEMO program. Shareware means
that you may download and freely distribute the unregistered version, which
may be used and evaluated for a period of 30 days. After such time the program
must be registered or deleted from your computer. Shareware is a distribution
method, not a type of software. Shareware has the ultimate money-back guarantee
-- if you don't use the product, you don't pay for it. The shareware system
and the continued availability of quality shareware products depend on your
willingness to register and pay for the shareware you use. It's the registration
fees you pay which allow authors to support and continue to develop quality
products. Please show your support for shareware by registering those programs
you actually use.
Disclaimer
Mortgage-UK should not be used for the basis of any decisions, do not rely
on the figures and results it produces they are intended
as guidance only.
Always seek professional financial advise when choosing a mortgage. No
liability can
be accepted for any loses that result from the use of Mortgage-UK.
All Content © 2003-8 Andrew
Duke
