Mortgage Cost Simulator

In this simulator a customer can determine what are the offers they are eligible for.

Field	Description
Estimated Property Value	Move the slider to adjust the sum by dragging the slider or by manual input in the filled above the slider. The minimum is 10k and the maximum value is 15 million pounds. The default value is 300k pounds. In case you manually input an amount lower/bigger than the minimum/maximum amount permitted, a toast message is displayed.
Down payment A down payment is a sum of money that a buyer pays in the early stages of purchasing an expensive good or service.	In this field, the system calculates: the minimum deposit amount: from all the products available, the system fetches the highest Loan-To-Value (LTV) LTV is calculated by dividing the deposit by the estimated property value and represented by a %. The system rounds up the % to a full number. available. Using the highest LTV, the system calculates the minimum deposit amount on the selected property value on the previous field. the maximum deposit amount: based on the property value, it can cover even 99% of the property value. You cannot get a lower loan amount than the product minimum.
Your Loan amount will be	The system displays the calculates the loan amount based on the estimated property value and the deposit amount.
Mortgage Period A mortgage term is the number of years you have to pay off your mortgage.	By default, the value is 25 years. The value is calculated by getting the available products within Banking Product Factory: the minimum and the maximum period from all of the products defined there.
Repayment type The repayment method will affect the interest expenses during the loan period. There are three different methods for repaying a housing loan: equal payments, equal instalments and fixed equal payments.	Choose between: Equal instalments Equal principal payments Only interest.
Preferred Interest type When borrowing money with a credit card, loan, or mortgage, there are two interest rate types: Fixed Rate Interest and Variable Rate Interest.	Choose between: Fixed Tracker.
Are you eligible for a green mortgage A bank or mortgage lender offers a house buyer preferential terms if they can demonstrate that the property for which they are borrowing meets certain environmental standards.?	Toggle this field to get a green loan. Hover over the tooltip to display the message: A green mortgage is a mortgage which offers a lower interest rate to people who are buying a more energy efficient home. In most cases, to qualify for a green mortgage, you need to be buying a home with a Building Energy Rating (BER) of at least B3 or higher.

Click Calculate. This button is re-labledd with Recalculate to allow you to reload the process in you changed the values for on e of the fields below.

A right-hand side panel opens. It contains the results based on the data inserted. It enables saving and sharing via email or printing the offer or copying the link. Underneath, there are the products you are suitable for:

Product	Name	Class	Subclass	Category
RWM_01	5Y Fixed - Green Mortgage	Retail	Loan	Mortgage
RWM_02	2Y Fixed	Retail	Loan	Mortgage
RWM_03	3Y Fixed	Retail	Loan	Mortgage
RWM_04	5Y fixed	Retail	Loan	Mortgage
RWM_05	3Y Tracker	Retail	Loan	Mortgage

Click Details for each to open additional fields:

Follow on rate
Follow on payments
Total on repayments.

Click Get a DIP to launch the DIP For Mortgage process.