
Halifax is a UK mortgage broker that offers a wide selection of mortgages suitable a wide variety of property owners.
They offer a helpful online mortgage calculator that allows users to compare and contrast a selection of different mortgages to help them figure out which would be the best fit. This calculator requires the user to plug in certain information, including the value of the property they are looking at, how much they think they will need to borrow, and the length of the mortgage they are seeking. The calculator also requires users to choose between a tracker or fixed rate mortgage. A fixed rate mortgage means that t he interest rate will not change for a specific period of time, whereas a tracker is a variable rate mortgage that has repayments based on the Bank of England bank rate.