| ortgage Trust have developed a number of diverse | | | | sale & purchase calculators include a database of |
| calculators over the years not only to improve the | | | | approximately three hundred and seventy local |
| quality of their clients online experience but also in | | | | authority search fees. First Mortgage Trust update this |
| response to client, consumer and third party requests. | | | | database annually. Although local search indemnity |
| Among the calculators are Mortgage Payment | | | | insurance is now popular amongst conveyancing |
| Protection, Bridging Loans, Secured Loans, Buy To Let | | | | solicitors it must be remembered that not all lenders will |
| Rental and Mortgage Calculator, Affordability and | | | | allow this and may well insist on a local authority |
| budget, How much can I borrow, monthly mortgage | | | | search. Clients can also work out stamp duty, another |
| payments for both interest only and repayment, flexible | | | | substantial cost in the home buying process along with |
| mortgage calculator and three conveyancing | | | | many other functions. |
| calculators for purchase, sale and purchase and | | | | With the ever changing landscape of lending and |
| remortgage. | | | | underwriting criteria it is important that the consumer |
| The benefit of online mortgage related calculators are | | | | have calculators available to them. Many lenders have |
| many and varied. First Mortgage Trust's extensive | | | | now increased income multiples to as much as 5.6 joint |
| collection of online calculators allow client retention and | | | | for high credit score, high earners. Before a client |
| leaves them in complete control. not only to compare | | | | proceeds with a mortgage it is important that they |
| current outgoings but also for anticipated costs and | | | | have an idea of borrowing capacity, after establishing |
| savings. Every cost associated with selling, purchasing | | | | borrowing capacity they can further confirm monthly |
| and remortgaging is available and for the client to | | | | figures to confirm affordability. |
| interact with. Mortgage calculators help to create a | | | | It is also important that any calculator placed on a |
| sticky website. | | | | financial services website not only carries disclaimers |
| Calculators are of benefit to solicitors, Independent | | | | but also keeps pace and reflects changes with |
| Financial Advisers, mortgage brokers and those | | | | legislation from a regulatory perspective. The Financial |
| involved in residential and commercial real Estate. The | | | | Services Authority have expressed some concern |
| calculators can be used both online and offline for | | | | over the self certification mortgage. A non status |
| ease of reference to professionals. Other benefits are | | | | mortgage whereby income is not verified by the |
| client and consumer retention as website visitors no | | | | lender. Therefore a mortgage budget and affordability |
| longer have to leave a professionals site to confirm or | | | | calculator is essential along with hints as to why the |
| check figures. | | | | consumer is self certifying their income, this is in |
| For Financial services web designers, webmasters and | | | | accordance with responsible lending practices. |
| search engine optimization this becomes invaluable | | | | With rising property prices diminishing rental yields a |
| keyword rich content and is an essential must have | | | | buy to let mortgage and rental calculator also proves |
| for any associated site. With around 500,000 searches | | | | exceptionally popular. Where the amount of mortgage |
| every month in the US & UK for 'mortgage calculator' | | | | available can be reduced substantially by a valuers |
| this confirms the demand for information required by | | | | comments or rental assessment it is important that the |
| online clients. | | | | client is forearmed. |
| First Mortgage Trust's conveyancing purchase and | | | | |