Before you apply for a mortgage it's worth finding out how much you can potentially borrow and what your monthly repayments will be.
Bear in mind however, that lenders have different ways of calculating the amount they are willing to lend so a mortgage calculator will only give an indication of the maximum you'll be able to borrow.
When it comes to monthly repayments, it is not only the rate of interest that affects the amount you pay: the term of the loan also makes a difference. The longer the term, the lower your monthly payments will be. However, while opting for a long term may appear a cheaper option it will cost you more in total because of the extra interest you will pay.
A MORTGAGE IS A LOAN SECURED AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER DEBT SECURED ON IT.