Mortgage Calculator


Payment calculator

Explore Your Home Financing with Our Mortgage Calculator

Are you planning to buy a new home and curious about your mortgage options? Our user-friendly mortgage calculator is here to help you estimate your monthly repayments and explore various scenarios based on your financial details. Let's walk through how to use this tool effectively:

1. Applicants’ Combined Annual Income (£): Start by entering the total annual income of all applicants. This figure is crucial in determining the loan amount you may be eligible for.

2. Deposit Amount (£): Specify the amount you're prepared to put down as a deposit. This initial investment plays a significant role in calculating the loan amount and impacts your loan-to-value ratio.

3. Loan to Value (%): This field is automatically calculated based on your deposit amount and the property value. It represents the percentage of the property's value that you'll be financing through the mortgage.

4. Property Value (£): Enter the estimated value of the property you are considering. This value, combined with your deposit, determines the total loan amount.

5. Maximum Property Value (£): This field displays the maximum property value you can afford based on your combined annual income, deposit amount, and the loan-to-value ratio.

6. Mortgage Length (Years): Choose the length of your mortgage in years. This can range from a short-term commitment to a more extended repayment period, and it will influence your monthly repayment amount.

7. Interest Rate (%): Input the anticipated interest rate. This is a crucial factor that affects your monthly repayments and the overall cost of your mortgage.

8. Estimated Monthly Repayment (£): The magic number! Once you've filled in the details above, this field will showcase your estimated monthly repayment. It's a quick and handy way to understand the financial commitment associated with your potential mortgage.

Loan to value 0%
Maximum property value £ 0
Est monthly repayment £0