This tool will help you estimate how much you can afford to borrow to buy a home. We’ll work it out by looking at your income and your outgoings. It should take about five minutes to complete.
Try our new trial calculator. Main content of page below.
Get a good idea of how much we could lend you in just a few minutes. Get an estimate of how much we could lend you based on your circumstances. How much can I borrow? Due to the coronavirus pandemic, we have changed our opening hours. They are now Monday to Friday, 9am to 5pm (closed Saturdays and Sundays).
We are also dealing with a higher number of calls than usual. We ask that our customers only call if they have an urgent.
It will also give you an estimated monthly mortgage cost for your borrowing range. If you know the price of the home you are interested in, you can use our interactive mortgage repayment calculator to estimate your monthly mortgage repayments, and play around to see how interest. We calculate this based on a simple income multiple, but, in reality, it’s much more complex. When you apply for a mortgage , lenders calculate how much they’ll lend based on both your income and your outgoings – so the more you’re committed to spend each month, the less you can borrow.
We’re temporarily limiting all new purchase and remortgage applications to LTV. Is it a single or joint application? Please select single or joint. Number of financial.
Whether you’re saving for your first home, budgeting for your next, or looking to save some money on your existing mortgage , our calculators are here to help. Our mortgage calculators. Repayment calculator. The are intended for illustrative and general purposes only, and do not constitute, nor should they be relied upon as financial or other advice. To discuss your full range of home-buying options, please contact.
Find out how much your mortgage payments are likely to be. Use this section to get a basic idea of how your monthly budget adds up, and how affordable your monthly mortgage payments will be. If the shown on the mortgage borrowing calculator are too low to buy the property you want, you could: Save a bigger deposit: If the mortgage loan you can get only covers of the property you want to buy, you could afford it with a deposit.
The maximum loan available may be impacted by the Loan to Value and may be lower than the amount displayed as a result of the limited information captured in the calculator. See the impact an overpayment on your mortgage could make, or how much extra you could borrow on your existing mortgage. A mortgage is high-ratio when your down payment is less than of the property value. Use our range of mortgage calculators to work out how much you could borrow, how large a deposit you will need for a mortgage and if you are overpaying. JavaScript is disabled in your browser.
Chat to us online if you have a question about using our mortgage calculator. Call us any time – lines may be closed at off-peak times on bank holidays and during Christmas. Important information.
This calculator should not be used for additional lending, portability or transfers of equity.
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