a)

Lender table - financial institution funds borrowed from (e.g. Bank, Building Society…).

b)

Mortgage type (Interest only or Repayment)

c)

Mortgage term (Same term as calculator or different term)

d)

Interest rate table (place highlighted bar on relevant entry for this particular recalculation (see Interest Rate Setup)).

e)

Adjustments (leave highlighter bar on No Adjustment or change to the relevant entry for this particular comparison (see Adjustment Setup)).

f)

Mortgage Balance (Same balance as calculator or different balance)

g)

‘Include savings’ will include any notional savings on the notional output.

Redress formula based on difference in Balance (A - normally interest only) & (B - normally repayment), subtracting any endowment surrender value (A - normally accompanies interest only mortgage) and the addition of any loss from additional payments made using (A - interest only mortgage and endowment policy).

When selecting the ‘Include savings’ then the above formula remains the same but the savings are deducted from the redress.

Calculate and display comparison

Calculate and print comparison

Create PDF file. When selecting this option you will be requested to enter a file name for the file. PDF files replicate printed output and FREE readers are available.

Refresh lists and calculation on repayment calculator screen. When changing any data in the repayment calculator screen this option should be used.

Save current comparison data for client

Add redress status information

Exit current screen