Note: fields marked as are required to complete the affordability calculation.
Please enter Loan Amount.
Please enter Property Value.
Please enter Deposit Amount.
Please enter a term.(1-40)
The affordability assessment can be performed on Single or Joint applicants using the appropriate selection. Should the application consist of more than two applicants, you should enter the details of the two applicants with the highest disposable income.
Please select employment type.
THIS TEXT SHOULD BE REPLACED WITH CONTEXT SENSITIVE WORDING.
Income value should be greater than zero.
Enter a number (zero or greater).
Please include
This page of the assessment captures the monthly deductions per applicant taken from the salary. Please do not include Income Tax or National Insurance contribution deductions.
This page of the assessment captures the monthly commitments per applicant. Please detail any commitments that will be in place after the start of the new mortgage. Exclude any commitments with less than twelve months to run.
Please declare here any monthly rent that will be paid by any of the applicants after this mortgage has been completed. For example, rent payable to a Housing Association on a Shared Ownership property or rent paid by self build customers who will live in rented accommodation while their property is being constructed.
Please detail the combined monthly outgoings for all applicants. Please enter only those outgoings that will be in place after the start of the new mortgage.
Enter a number (one or greater).
This is the tax levied on a household by the local authority. The rate is set according to the estimated value of the property and the number of people living in it. The annual charge is usually paid over 10 months. Please provide the monthly average here.
This should be a combination of Utilities, e.g. Gas, Electric, Water, Telecoms.
This should include premiums for any monthly Insurances; e.g. Household, Accident Sickness & Unemployment and Life cover, as well as any additional insurances e.g. pet cover.
Monthly amount paid for lifestyle choices i.e. food, socialising, club memberships, mobile telephones, internet, subscription TV, gambling etc.
Payments made into investments, requiring sustained or fixed term funding.
Only include pension contributions that are not made through payslip deductions.
Amount incurred monthly for public & private travel expenses, e.g. fuel, rail tickets, car parking, season ticket, bus pass, car insurance etc.
This includes any education and childcare fees. We require a monthly figure, so if paid annually or per term, please calculate the monthly average. Do not include childcare vouchers which are deducted from their salary.
Please include any service charge and/or ground rent that is payable at the property. We require the monthly amount, so if paid on a different frequency, please provide the monthly average.
Where there are any other monthly outgoings, these will be regarded generally as ‘other’ and should be declared here.
The affordability calculator is for guidance purposes only. Your income and expenditure will be verified as part of our underwriting assessment and will be subject to our wider lending policy.
If the calculator provides a lower amount than that requested and you wish to discuss further please contact the Society on 01664 414141.