Mortgage Intermediaries

For mortgage intermediary use only

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Affordability calculator

1. Mortgage details

clear form

The value of the property being mortgaged

The amount the applicant wishes to borrow

The requested loan-to-value (LTV)

We offer loans between 3 and 40 years

Product typeHelp

The type of product being requested.

Product period (years)Help

Product period being requested.

2. Number of applicants and dependants

Number of applicantsHelp

The number of applicants named on the application

The number of adult dependants the applicant(s) are financially responsible for

The number of child dependants the applicant(s) are financially responsible for

3. Applicant income

Main applicant

Is the applicant self employed?Help

If employed, retired, or has another income source select "No"

Annual income from self employment

Gross annual earnings before tax from the latest year of trading. This can be their net profit (sole trader), share of net profit (partner) or salary and dividends (company director)

Gross annual earnings before tax from the previous year of trading. This can be their net profit (sole trader), share of net profit (partner) or salary and dividends (company director)

Gross annual earnings before tax from the year before the previous year of trading. This can be their net profit (sole trader), share of net profit (partner) or salary and dividends (company director)

Annual income from employment

Gross annual salaried income and employer allowances before tax

Gross annual bonus / overtime earnings before tax

Gross annual commission earnings before tax

Gross annual pension income before tax

Other income
Add other income

Gross annual earnings from child benefit payments before tax

Gross annual earnings from child tax credit payments before tax

Gross annual earnings from maintenance payments before tax

Gross annual earnings from disability living allowance payments before tax

Gross annual earnings from attendance allowance payments before tax

Gross annual earnings from statutory maternity pay before tax

Gross annual earnings from foster carer's allowance before tax

Gross annual earnings from carer's allowance payments before tax

Gross annual earnings from rental income before tax

Salary deductions at source

Pre-tax monthly salary deductions as shown on the payslip. Please refer to the lending criteria for guidance on income deductions at source.

Post-tax monthly salary deductions as shown on the payslip. Please refer to the lending criteria for guidance on income deductions at source.

2nd applicant

Is the applicant self employed?Help

If employed, retired, or has another income source select "No"

Annual income from self employment

Gross annual earnings before tax from the latest year of trading. This can be their net profit (sole trader), share of net profit (partner) or salary and dividends (company director)

Gross annual earnings before tax from the previous year of trading. This can be their net profit (sole trader), share of net profit (partner) or salary and dividends (company director)

Gross annual earnings before tax from the year before previous year of trading. This can be their net profit (sole trader), share of net profit (partner) or salary and dividends (company director)

Annual income from employment

Gross annual salaried income and employer allowances before tax

Gross annual bonus / overtime earnings before tax

Gross annual commission earnings before tax

Gross annual pension income before tax

Other income
Add other income

Gross annual earnings from child benefit payments before tax

Gross annual earnings from child tax credit payments before tax

Gross annual earnings from maintenance payments before tax

Gross annual earnings from disability living allowance payments before tax

Gross annual earnings from attendance allowance payments before tax

Gross annual earnings from statutory maternity pay before tax

Gross annual earnings from foster carer's allowance before tax

Gross annual earnings from carer's allowance payments before tax

Gross annual earnings from rental income before tax

Salary deductions at source

Pre-tax monthly salary deductions as shown on the payslip. Please refer to the lending criteria for guidance on income deductions at source.

Post-tax monthly salary deductions as shown on the payslip. Please refer to the lending criteria for guidance on income deductions at source.

4. Applicant outgoings (combined)

Estimated monthly expenditure

Monthly spend on food, drink, alcohol and tobacco. This does not need to include eating out in restaurants

Monthly spend on transport costs e.g. cars (fuel, tax, MOT), trains and buses

Monthly amount spent by all applicants on council tax payments

Monthly spend on gas, electricity, water supply, telephone and internet

Monthly spend on household goods and services e.g. furniture & fittings, washing machine, cleaning products, factor fees

Monthly amount spent by all applicants on service or ground rent

Monthly amount spent by all applicants on child care, education and maintenance costs

Monthly amount spent by all applicants on insurance costs e.g. home insurance, and pension costs where applicable

Monthly amount spent on other essential expenditure or basic quality of living costs e.g. recreation, restaurants. Items which the applicant intends to reduce following the mortgage being opened should not be included

Credit commitments

The total monthly amount spent by all applicants on continuing mortgage payments i.e. those that will remain after completion of this mortgage. Do not include those that will redeem as part of the purchase or remortgage transaction

The total monthly amount spent by all applicants on loan payments. Please enter all current commitments. Where an existing loan will be repaid this will be considered during the application, and where affordability is impacted the case may be referred to our underwriters.

The total credit card balances for all applicants. Please enter all current commitments. Where an existing credit card will be repaid this will be considered during the application, and where affordability is impacted the case may be referred to our underwriters.

The maximum overdrawn balance position in the month for all applicants. Where an existing overdraft will be repaid this will be considered during the application. Where affordability is impacted the case may be referred to our underwriters.

5. Results

This loan is affordable for your client.

This loan is not affordable for your client.

PLEASE NOTE: A PDF copy of this calculation is available to download in newer browsers. We recommend you upgrade your browser to get the best experience from the site.

You can download a copy of this affordability calculation.

Affordability calculation PDF [40kb]

Maximum affordable loan is

Maximum loan offered based on affordability and LTV is

Minimum affordable term on requested loan is years.

This affordability result is not an agreement to lend and is only an indication of what we may be prepared to lend. Any decision to lend to you will subject to the information you provide being accurate, a credit search and an assessment against our lending criteria. The calculator does not take into consideration your applicants age, retirement, any debt consolidation or if new build - this will form part of our decision to lend during the application assessment, and may mean the maximum amount we can offer is different.

Help

Get an accurate affordability calculation

Enter the applicant(s) income and expenditure as accurately as possible. This calculator is the same as used during the application by our underwriters, so will provide an accurate affordability result.