Mortgage Affordability Calculator Virgin

Virgin money has simplified its online affordability calculator to smooth out the application process.

Mortgage affordability calculator virgin. Virgin money raises high ltv residential mortgage rates. Lending for portfolio landlords pdf opens in a new window 93 kb pdf last updated on 30 10 2019. The mortgage repayment calculator estimates the repayments required on a regular basis to service a home loan. Get started with the budget planner.

The longest term you will be to apply for is up to your age of retirement. Planned retirement age 55 years 56 years 57 years 58 years 59 years 60 years 61 years 62 years 63 years 64 years 65 years 66 years 67 years 68 or later. Previously when a broker completed an online affordability assessment using the calculator they were presented with up to three affordability outcomes based on high medium or low credit scores. Work out how much you can afford on mortgage repayments.

It can help determine how much an individual can afford to borrow for how long and the impact of interest rates on their repayments. Where personal income is used for affordability a minimum combined gross income of 50 000 is required. 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.

How we can help with your buy to let business pdf opens in a new window 680 kb pdf last updated on 30 10 2019. Mortgage affordability calculator how much can you borrow. What mortgage term would you like. Our approach to buy to let underwriting pdf opens in a new window 119 kb pdf last updated on 30 10 2019.

Request a payment holiday of up to three months on your virgin money mortgage. This sample virgin money mortgage calculator is only for guidance and may not truly reflect your mortgage affordability. Mortgage calculators and tools. To obtain an accurate borrowing figure tailored to your clients personal circumstances use our online affordability calculator before submitting a decision in principle.

Virgin money has increased rates on its residential and shared ownership mortgages up to 90 per cent loan to value. Btl portfolio landlord policy pdf opens in a new. The sample virgin money mortgage calculator will then let you know what your monthly mortgage repayments may look like and the loan to value rate you will have based on your mortgage deposit and property price. A range of competitive intermediary mortgage products to meet the needs of a wide range of clients.

This website is for use by virgin money. We ll work it out by looking at your income and your outgoings.