Gain a clear understanding of your current financial health with our Net Worth Calculator. This intuitive tool empowers you to assess your overall financial position by calculating the difference between your total assets – what you own, such as savings, investments, and property – and your total liabilities – what you owe, including loans and debts. By providing a snapshot of your net worth, this calculator serves as a valuable benchmark for tracking your financial progress over time and making informed decisions about your financial future.
Navigate the complexities of estate planning with our Inheritance Tax Calculator. This helpful tool provides an estimate of the potential Inheritance Tax liability on an estate based on the current UK tax rules and the information you provide about asset values and potential reliefs. While this calculator offers a valuable initial understanding, it's important to remember that Inheritance Tax can be intricate, and consulting with a financial advisor or solicitor is crucial for accurate planning and to explore available strategies for mitigation.
Explore the initial affordability of an interest-only mortgage with our dedicated calculator. This tool allows you to estimate the monthly interest payments based on the loan amount and interest rate. It's important to understand that with an interest-only mortgage, you are only paying the interest for a set period, and the full loan principal remains due at the end of the term. This calculator helps you assess the short-term cash flow implications but should be used in conjunction with careful consideration of your long-term repayment strategy.
Understand a key metric lenders use to assess your borrowing capacity with our Debt-to-Income (DTI) Calculator. This tool calculates the percentage of your gross monthly income that goes towards paying your monthly debt obligations, including housing costs, credit card payments, and other loans. Knowing your DTI ratio can provide valuable insight into your current debt burden and help you determine if you're comfortably managing your financial commitments before taking on new debt.
Determine the loan-to-value ratio for a potential property purchase or remortgage with our LTV Calculator. This tool calculates the percentage of the property's value that you are borrowing as a mortgage. LTV is a significant factor for lenders in assessing risk and often influences the interest rates and terms offered. Understanding your LTV can help you gauge the equity you'll have in the property and the potential costs associated with different mortgage options.
