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How much can I borrow?

To find out how much you might be able to borrow from a mortgage lender, use our simple online mortgage calculator. It will give you an idea of the maximum amount you can borrow.

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The amount you can borrow will depend on a variety of things, including the amount of deposit you have and any outstanding commitments (for example credit card debt). Based on the basic information you have provided, an indication of what you could borrow is between:

 

How much will my monthly mortgage payments be?

This mortgage calculator helps you work out how much your monthly costs might be for you depending upon the size of your mortgage and interest rates.

Simply input the mortgage amount, the term in years and the interest rate together with the repayment method required and the calculator will instantly give you an estimate of the monthly cost.

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What if the current interest rates rise or fall?

Whilst we can't tell you whether interest rates will rise and fall, we can help you work out how much you would be paying each month if interest rates do change. This mortgage calculator is a useful tool for those interested in trackers and discount mortgages where rates may fluctuate in line with the Bank of England base rate. This calculator will show you how your monthly payments will be affected by these changes.
 
Simply enter your loan amount depending on the repayment method you want. Enter your current rate of interest and what you think rates may rise or fall by to calculate your new monthly payments.

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How much Stamp Duty will I pay?

Stamp duty is a land tax paid on purchase of a property. The amount you pay depends upon the purchase price. If you are paying £175,000 or less, then you do not have to pay stamp duty. If you are paying more than £175,000, then your pay stamp duty will be between 1% & 4% dependant on the purchase price. The tax is tiered at set amounts, which rise as the purchase price rises.

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Buy to Let - How much can I borrow based on rental income?

To qualify for a Buy to let mortgage you need to achieve a minimum rental income. This calculator gives a rough guide of how much you can borrow in relation to the rental income you receive from your investment property.

 

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The amount you can borrow will depend on a variety of things, including the amount of deposit you have and the amount of monthly rent you can expect. Different lenders have different criteria, but a conservative estimate of what you can borrow, based on the information you have provided is:

 

Buy to let - How much rent do I need?

To qualify for a Buy to let mortgage you need to achieve a minimum rental income. This calculator gives a rough guide of how much rental income you will need in order to qualify for the loan requested.

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