Affordability Calculator

Loan details

Repayment method

Please choose an option

Loan duration

Please enter the required mortgage term

Loan purpose

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Case type

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Shared ownership % to be purchased

Enter a share % of between 25% and 75%

Property value

£
Please enter a value

Loan Amount

£
Please enter the expected mortgage amount

Part and Part: Amount subject to repayment

£
Please enter the amount of the mortgage to be on capital and interest repayment.

Applicants

Number of applicants

Please choose an option

Age

Please enter the required mortgage term

Number of dependent Children

Please choose an option

Number of dependent adults

Please choose an option

Income and expenditure

Total credit commitment

£
Please enter your customers monthly credit commitments
Include monthly committed expenditure that will remain in place. Including but not limited to: Loans, car finance, credit card payments (at 3% of the outstanding balance), school fees & child maintenance.

Product type

Shared Ownership Rent, Service Charge and Ground Rent

£
Please enter your customer's shared ownership lease fees

Select a product

Please choose an option

Results

The loan request of £200,000 is affordable for your customer

Based on the information you have provided we could lend your customer up to £232,000

These results are based on the information you've input being accurate. If any details change, the results will be affected and you should undertake another affordability calculation.

As part of our commitment to responsible lending we assess affordability based on income and expenditure, and as part of this we set minimum expectations based on ONS data.

Your customer's expenditure falls below our minimum expenditure expectations.

We are still able to consider this application; however we will require an explanation of why the figures fall outside of our minimum expectations. If you wish to discuss this further please call us on 0345 601 2744.

Loan to value

80%

Loan to Income Ratio

80%





Next steps

Lending criteria

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Current service

2 days

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Product finder

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Other forms and documents you may need:

Mortgage Application Form
Product Switch Acceptance Form