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Google’s new mortgage calculator now features UK lenders

US search engine Google launched an online mortgage calculator in February 2015 which allows users to calculate monthly repayments for a mortgage. The tool gives you the monthly cost and maximum loan cost after you type in your variables into the gray background fields. There are many financial sites that offer mortgage and interest calculators,…

Interest rates held at 0.5%

The costs of borrowing for a mortgage have remained the same this month as the The Bank of England has held interest rates at the record low of 0.5%. The Bank’s Monetary Policy Committee (MPC) voted by 8 to 1 to keep rates unchanged. One committee member, Ian McCafferty, disagreed with the majority outlook and…