Mortgage Affordability Calculator First Direct

We ll work it out by looking at your income and your outgoings.

Mortgage affordability calculator first direct. The hyperlinks will direct. The calculator assumes that the overpayments illustrated remain constant throughout the term of the mortgage and are made on a monthly basis if overpayments are made on an adhoc basis this will reduce the amount of interest paid but not the loan term. Your home may be repossessed if you do not keep up repayments on your mortgage. First time home buyers can withdraw up to 35 000 in a calendar year from their rsps for a home purchase up to 70 000 for a couple.

Mortgage affordability calculator how much can you borrow. The calculator assumes the total savings balance is held in a linked account s and remains constant throughout the term of the mortgage if your total savings increase or decrease on an adhoc basis your monthly interest payments will also change respectively. The figures in this tool are to give you an idea and don t necessarily mean we ll be able to lend you that amount. The mortgage affordability calculator estimates a range of home prices you may be able to afford based on the accuracy and completeness of the data and information you enter.

The calculator doesn t factor in any charges for early repayments. Simply put our mortgage calculator takes into consideration how much you earn and whether you re buying on your own or with someone else. See our tools and guides here. Zero fee range competitive rates and award winning service call now or apply online.

First direct mortgages come in all shapes and sizes so there is bound to be one that suits you. Mortgage affordability calculation to assess whether or not an applicant is capable of repaying a first direct mortgage they calculate your monthly payments on an assumed interest rate of approx 8 regardless of the actual variable fixed introductory rate they offer and then calculate whether on that basis all your other fixed costs this exceeds 40 of your. This tool will help you estimate how much you can afford to borrow to buy a home. Mortgage lenders will look at these figures very closely to work out how much they ll offer you.

The amount we may consider lending will depend on your individual situation the type of property you re purchasing the loan you choose and the amount you borrow. Including mortgage calculators and loan calculators. Enter your details in our mortgage calculator to get started. It should take about five minutes to.

Our mortgage calculator will give you an idea of how much you might be able to borrow.