Mortgage Calculator

How Much Can I Borrow?…This is a question we often get asked…the truth is, its not possible to get this on a simple calculator. There are lots of variables that an adviser or a lender would have to work through to get to the conclusion of determining an applicant’s affordability.

Use the below calculators only for general guideline. The exact amount can only be confirmed once our adviser discussed and assessed through your particular circumstances.

Buy to Let Calculator:

Like residential mortgages, calculating Buy to Let mortgage amount has also become complicated due to the recent changes around  government legislation.

As a general guideline, 75% to 85% of the purchase price is available regardless of the applicants personal yearly income as long as the rental income is high enough to cover the monthly mortgage payment. So, it is not necessarily true that you have to earn a certain amount in a year to be able to qualify to buy a Buy to Let property.

Rental income has to be between 125% to 145% of the monthly mortgage payment depending on your personal tax position.

When you contact us, our professional advisers will go through your individual circumstances to make sure you always get the best deal available.

Just give us a call or click FREE CONSULTATION and one of our dedicated advisers will be happy to help.