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Mortgage Affordability Calculator

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Assessment Type

Note: fields marked as required are required to complete the affordability calculation.

This is optional, and for your own use to help identify your individual case.

Required Loan Amount Known?

£

Please enter Help to Buy Equity Amount.

If the Help to Buy Equity Amount entered exceeds the maximum allowed for the scheme
then this will be capped at the maximum figure.

£

Please enter Loan Amount.

£

Please enter Property Value.

£

Please enter Deposit Amount.

Please enter a term.(1-40)

£

Please enter Interest Only Amount.

Annual Income Details

The affordability assessment can be performed on Single or Joint applicants using the appropriate selection. Should the application consist of more than two applicants, you should enter the details of the two applicants with the highest disposable income.

Applicant 1

Sole or joint?

Please select employment type.

£

Value should be between 0 and 100,000,000.

Please confirm your salary. This is referred to as remuneration within business accounts. Please add any additional income such as Dividends (net of any income tax paid) into the additional income section below. Where your shareholding in the company is greater than 15% we also require sight of last 2 years accounts in addition to proof of personal income via payslips/SA302s for dividends

Additional Income Details

£

Enter a number (zero or greater).

Please include

  • Large City / Area Allowance
  • Car Allowance
  • Mortgage Subsidy
  • Housing Allowance
  • State Pension
  • Shift Allowance (guaranteed)
  • Private Pension Income
  • Rental Income
  • Other Primary Taxable Income
£

Enter a number (zero or greater).

Please include

  • Dividends
  • Other Non-taxable Primary Income
  • Maintenance Payments (non-taxable)
  • Pension Credit
  • Guaranteed for Life DWP (non-taxable)
£

Enter a number (zero or greater).

Please include

  • Regular Overtime
  • Other Taxable Secondary Income
  • Regular Bonus / Commission
  • Regular Shift Allowance (non-guaranteed)
  • 2nd Job
  • Territorial Armed Forces pay
£

Enter a number (zero or greater).

Please include

  • Working tax credit / Family tax credit
  • Other non-taxable Secondary Income

Applicant 2

Please select employment type.

£

Value should be between 0 and 100,000,000.

Please confirm your salary. This is referred to as remuneration within business accounts. Please add any additional income such as Dividends (net of any income tax paid) into the additional income section below. Where your shareholding in the company is greater than 15% we also require sight of last 2 years accounts in addition to proof of personal income via payslips/SA302s for dividends

Additional Income Details

£

Enter a number (zero or greater).

Please include

  • Large City / Area Allowance
  • Car Allowance
  • Mortgage Subsidy
  • Housing Allowance
  • State Pension
  • Shift Allowance (guaranteed)
  • Private Pension Income
  • Rental Income
  • Other Primary Taxable Income
£

Enter a number (zero or greater).

Please include

  • Dividends
  • Other Non-taxable Primary Income
  • Maintenance Payments (non-taxable)
  • Pension Credit
  • Guaranteed for Life DWP (non-taxable)
£

Enter a number (zero or greater).

Please include

  • Regular Overtime
  • Other Taxable Secondary Income
  • Regular Bonus / Commission
  • Regular Shift Allowance (non-guaranteed)
  • 2nd Job
  • Territorial Armed Forces pay
£

Enter a number (zero or greater).

Please include

  • Working tax credit / Family tax credit
  • Other non-taxable Secondary Income

Monthly Deductions

This page of the assessment captures the monthly deductions per applicant taken from the salary.

Applicant 1

£

Enter a number (zero or greater).

£

Enter a number (zero or greater).

£

Enter a number (zero or greater).

Applicant 2

£

Enter a number (zero or greater).

£

Enter a number (zero or greater).

£

Enter a number (zero or greater).

Monthly Commitments

This page of the assessment captures the monthly commitments per applicant.   Please detail any commitments that will be in place after the start of the new mortgage.   Exclude any commitments with less than six months to run.

Applicant 1

£

Enter a number (zero or greater).

£

Enter a number (zero or greater).

£

Enter a number (zero or greater).

£

Enter a number (zero or greater).

£

Enter a number (zero or greater).

£

Enter a number (zero or greater).

£

Enter a number (zero or greater).

Please declare here any monthly rent that will be paid by any of the applicants after this mortgage has completed. For example, if you live in a rented flat near your workplace during the week, and will return to the mortgaged property at weekends.

£

Enter a number (zero or greater).

£

Enter a number (zero or greater).

Applicant 2

£

Enter a number (zero or greater).

£

Enter a number (zero or greater).

£

Enter a number (zero or greater).

£

Enter a number (zero or greater).

£

Enter a number (zero or greater).

£

Enter a number (zero or greater).

£

Enter a number (zero or greater).

Please declare here any monthly rent that will be paid by any of the applicants after this mortgage has completed. For example, if you live in a rented flat near your workplace during the week, and will return to the mortgaged property at weekends.

£

Enter a number (zero or greater).

£

Enter a number (zero or greater).

Monthly Outgoings

Please detail the combined monthly outgoings for all applicants. Please enter only those outgoings that will be in place after the start of the new mortgage.

Basic Essentials

£

Enter a number (zero or greater).

This is the amount of money spent on food and drink, excluding eating out

£

Enter a number (zero or greater).

£

Enter a number (zero or greater).

Gas, Electric, Oil, Water

£

Enter a number (zero or greater).

This is the amount of money spent on Buildings and Contents, Mobile, Health/Dental

£

Enter a number (zero or greater).

Fuel, Insurance, Tax, Public Transport, Commuting Costs

£

Enter a number (zero or greater).

This is the amount of money spent on Mobile Phone, Broadband, Landlines, TV Licences

Quality of Living

£

Enter a number (zero or greater).

£

Enter a number (zero or greater).

This is the amount of money spent on Furnishings, Household Appliances, Maintenance

£

Enter a number (zero or greater).

£

Enter a number (zero or greater).

This is the amount of money spent on Hobbies, Eating Out, Memberships, Pets

£

Enter a number (zero or greater).

This is the amount of money spent on Nursery, Education costs, Childcare costs, Private Education

£

Enter a number (zero or greater).

Previous

Affordability Assessment Result

Total Requested Borrowing
LTV of Property Value
Deposit/Equity
Max LTV Under Current Policy
Mortgage Sub Under Affordability Rules
FDI+Contingency-AppliedForSub
Term Of Loan (Years)
Based on the details you have provided we would lend you
Based on what you can afford the maximum we would lend you
Based on the information you have provided the maximum we would lend you is:

The application and assessment of affordability is for guidance purposes only and subject to our wider lending policy. We may therefore be unable to proceed with the amount requested, or the application.

For a more detailed affordability assessment please register for our new online decision in principle system.

If the calculator provides a lower amount than that requested and you would wish to discuss further please contact our Intermediary Services Support team on 0345 602 2338.

Next steps

The calculator only provides an indication of how much we are prepared to lend you. So whether your results match your expectations or not, to be absolutely certain about how much you can borrow, you will need to complete a formal application.
Get started by calling the number below or booking an appointment.

Want to apply now? Call our mortgages team on: 0333 242 8626*

* 8am - 8pm Monday to Friday and Saturday 9am - 3pm (Calls to 03 numbers cost the same as a call to a standard ‘01’ or ‘02’ landline number, even when calling from a mobile.).