Affordability Calculator
Loan details
Repayment method
Mortgage term
Loan type
Property / Share value
Please enter the agreed purchase price, or estimated value of the property
Mortgage amount
Please enter the amount your customer wants to borrow. For remortgages please enter the value of the existing mortgage and any additional borrowing required.
Personal details
Type of application
Applications will be considered for up to four applicants, however, the calculator can only consider two incomes. Please contact the team to discuss further.
Number of financial dependants
Please enter the number of dependants who are financially reliant on on your customer(s).
Age
Where there is more than one applicant please enter the age for the first applicant. The minimum age for mortgages is 18, there is no upper age limit at the end of the mortgage term, with the exception of interest only mortgages which is 75.
Employment status
Gross basic income
Please enter your customer’s gross annual income (this must be paid weekly, monthly or quarterly), including any car and or large town allowance and any income received from a second job.
Gross additional income (if applicable)
Please enter your customer’s additional gross income from overtime, bonus or commission (must be paid weekly, monthly or quarterly).
Monthly Net Income
Please enter your customer’s net monthly income (this must be paid weekly, monthly or quarterly), this should include any car and or large town allowance and any income received from a second job.
Net monthly additional income
Second applicant
Employment status
Gross basic income
Please enter your customers gross annual income (this must be paid weekly, monthly or quarterly), including any car and or large town allowance and any income received from a second job.
Gross additional income (if applicable)
Please enter your customers additional gross income from overtime, bonus or commission (must be paid weekly, monthly or quarterly).
Monthly Net Income
Please enter your customers net monthly income (this must be paid weekly, monthly or quarterly), this should include any car and or large town allowance and any income received from a second job.
Net monthly additional income
Please enter any additional net income received from overtime, bonus or commission. For further information of the types of income considered please view our Underwriting criteria or contact the team.
Financial information
Total essential expenditure
Please provide the total amount that your customer spends on the following items:Food and Drink; Utilities; Council Tax; Transport Costs; Communication; Childcare; Buildings and Contents Insurance.
Total quality of living expenditure
Please provide the total amount that your customer spends on the following items: Household Goods and Services; Health; Education; Clothing; Recreation and Culture; Holidays, Restaurants & Hotels; Other Spending.
Total credit commitments
Please provide the total amount the customer pays per month on outstanding credit balances. This includes Loans; Hire Purchases; other Residential Mortgages, and Credit Cards. For Credit Cards we expect this to be at least 3% of the remaining balance.