Mortgage Affordability Calculator Scotland

We created our affordability calculator to help you understand your budget from the moment you start looking for a home.

Mortgage affordability calculator scotland. Main content of page below. We ll work it out by looking at your income and your outgoings. Your home or. Depending on your tax position most lenders will accept 125 170 of the rental income.

Royal bank of scotland mortgages are available to over 18s. Mortgage calculator use the halifax mortgage calculator to get an idea of how much you could borrow and compare monthly payments. If you re a first time buyer and looking for a standard repayment mortgage. Mortgage lenders will look at these figures very closely to work out how much they ll offer you.

How much could you borrow and afford for a mortgage. Our mortgage calculators will help you compare rates and calculate monthly costs. This tool will help you estimate how much you can afford to borrow to buy a home. Mortgage affordability calculator how much can you borrow.

Affordability checks still apply for mortgages on btl properties but rather than base your affordability on personal income and use an annual salary mortgage calculator lenders will look at your potential rental incomes. At bank of scotland we are proud to offer our customers mortgages provided by the halifax who have over 160 years experience helping people own their homes. Get a good idea of how much we could lend you in just a few minutes. Quickly find the maximum home price within your price range.

Simply enter your monthly income expenses and specified mortgage rate. How much could you borrow and afford for a mortgage. The results are intended for illustrative and general purposes only and do not constitute nor should they be relied upon as financial or other advice. A mortgage of 113 821 payable over 15 years and 2 months initially on a tracker rate for 2 years at 1 97 below the royal bank of scotland base rate and then our variable rate of 3 59 for the remaining 13 years and 2 months would require 24 monthly payments of 705 78 and 158 monthly payments of 798 04.

Our mortgage calculators will help you compare rates and calculate monthly costs. A mortgage of 131 748 payable over 25 years initially on a fixed rate for 5 years at 2 01 and then our variable rate of 3 59 for the remaining 20 years would require 60 monthly payments of 559 06 and 240 monthly payments of 645 44. Try our first time buyer calculator.