Lloyds Banking Group is snapping up Tesco’s mortgage portfolio for about £3.8bn (4.17bn) as it bets the UK economy will hold.

Photographer: Angel Garcia/Bloomberg Photographer: Angel Garcia/Bloomberg Spanish banks risk having to pay billions of euros.

Use our free mortgage calculator to quickly estimate what your new home will cost. Includes taxes, insurance, PMI and the latest mortgage rates.

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Fixed rate mortgages have an interest rate that stays the same for a set period. This could be anything from two to 10 years. Your repayments are the same every month and you don’t need to fear fluctuations in interest rates.

If you’re at or near retirement and looking for a new mortgage, it might call for more preparation than any previous home purchases. While many in their 60s and 70s are still working full time and may.

Use our free mortgage calculator to help you estimate your monthly mortgage payments. Account for interest rates and break down payments in an easy to use amortization schedule.

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Earl Shilton Building Society has joined SimplyBiz Mortgages lender panel. As part of the agreement, members of SimplyBiz.