Mortgage calculator

Mortgage and rent calculator

MyChoiceHomeBuy

The amount you borrow depends on your income, your loans/credit card commitments and any other expenditure you may have.

You will raise in between 50% and 85% of the full market value of the property. As a guide, your share will be calculated on the basis of either 3 x a joint household annual income, or 3.5 x a single household annual income, deducting any outstanding loan/credit card repayments.

Your financial advisor/chosen mortgage lender will be able to advise you of the mortgage rates available through MyChoiceHomeBuy.

New Build HomeBuy and Resales

Use our quick and easy calculator to find out approximately how much your rent and mortgage is likely to cost.

This is just a guide as mortgage rates vary. This does not calculate MyChoiceHomeBuy (see above).

It is important to consider the costs and responsibilities of buying your own home before making a decision to go ahead. We recommend that you take independent financial advice before making any commitment.

Mortgage rate:

Payment plan:

years

What value property do you want to buy? Enter an amount between £75,000 and £300,000:

What size share would you like?

A deposit may not be necessary but if you can afford a deposit, enter the amount here:

Your annual income before tax: (use total joint income if you are applying with someone else)

Your home is at risk if you do not keep up rent and mortgage repayments or payments on other loans secured on it.

Please note that the value of properties can go down as well as up.