Mortgage Calculator

 

It’s always important to know how much you can borrow, and although most lenders have standard multiples, they may be flexible depending on your situation and individual circumstances.

Use this calculator to get a feel for how much you may be able to borrow, this will give you a good idea of the amounts you may qualify for.

Borrowing Amount Calculator

 
   































Annual income for 1st applicant: £ 
Annual income for 2nd applicant: £ 
Regular bonus or commission income for 1st applicant: £ 
Regular bonus or commission income for 2nd applicant: £ 
     
This is typically how much you can borrow (low): £ 
This is typically how much you can borrow (high): £ 
   

 
   

These figures do not include the cost of insurance or an investment based mortgage repayment vehicle which may be required in respect of an Interest Only Mortgage.

 

When setting up a new mortgage or remortgage it is tempting to consider only what you would be paying per month at the current rates of interest. If interest rates rise your payments will go up and over the full term of the mortgage you could end up paying a great deal more than you expected.

 

It is also worth bearing in mind that some fixed rate interest deals look more expensive now, but they may turn out to be cheaper in the long run if interest rates rise above the fixed rate.

 

These calculators give you the chance to work out what the effect of various interest rates will be on your payments.

 

New Mortgage Calculator

 




























Mortgage required: £ 
Repayment period:     years
Interest rate:      %
     
Repayment mortgage:(1) £ 
Interest only mortgage: £ 
   

 
   
(1)The above figures assume an annual rest type mortgage which recalculates mortgage payments once a year. As such they may slightly overstate the monthly payments for more flexible mortgages, offering monthly or even daily recalculation of payments.  

Repayment Remortgage Calculator

 
How much is the outstanding balance of your loan? £ 
The interest rate you want to check on     %
How is the interest on your loan calculated?

Daily


Monthly



Annually



Dont Know
Years left on loan     years
Current monthly payments £ 
     
Your new monthly repayment will be: £ 
This is a change of £ 
   
 
   
Interest Only Remortgage Calculator  
   
How much is the outstanding balance of your loan? £ 
Your current rate of interest     %
The interest rate you want to check on      %
      
Current monthly payments: £ 
Your new monthly repayment will be: £ 
This is a change of £