Mortgage calculators
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 our simple online calculators 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. Please remember however that lenders also look at a number of things to work out how much you can borrow which include your earnings, outgoings, the value of the property you want to buy, your deposit, as well as your credit history.
How much can I borrow? |
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| 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 |
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| (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 |
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One of our expert mortgage advisers will help you through the process step-by-step, working out how much you can borrow, how much it will cost, and what type of mortgage may be most suitable for you.
They will even take care of all the mortgage paperwork for you, so you don't need to worry about a thing.