How is the early settlement figure calculated?
Our settlement calculator uses the details you provide and follows the statutory methods commonly used by lenders to estimate how much you would need to pay to settle your agreement early.
For example, if we assume your settlement date is 21 days after you request the figure, the estimate would include interest up to that date. If the lender then applies a further 14 days, the amount payable would increase because more interest would be added.
Please note that this is only an example to show how timing can affect the figure. The calculator also does not include any extra fees or charges your lender may apply, so it’s always worth checking with them directly for the exact amount.
