Buy to Let Affordability Calculator

This calculator cannot be used for capital and interest buy to let mortgage enquiries – please contact us on 0800 988 1561 for guidance

1Loan & income details

Where a product fee is to be debited to the mortgage account on completion, this should be included in the loan amount and the product loan to value must not be exceeded.

Applicant 1 income

Add second applicant

Applicant 2 income


2Monthly expenditure details

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Total monthly expenditure

£0.00

Total net monthly income

£0.00

Please note the following terms: [Click here]

  • This calculator should be used as a guide only and is not a guarantee that your application will be approved
  • The Society tests that the mortgage is affordable for the borrower in the event of an interest rate increase
  • A guide to the affordability of the loan is provided by this calculator, with a further detailed stress test being undertaken on submission of the application
  • The stress test process and rate applied by the Society is in line with regulatory requirements
  • The calculator makes an initial assessment of the case purely based on the information provided
  • The calculator assumes you require an interest only buy to let mortgage – please contact the Society should you require guidance for a repayment buy to let mortgage
  • The Society does not use an automated model or Interest Coverage Calculation
  • All applications are manually underwritten by our experienced underwriters and assessed based on the applicant(s) full financial circumstances focussing on the affordability of the proposed mortgage taking into account letting costs, taxation of rental profits and their own personal income and expenditure including any other mortgages held
  • 3 months bank statements must be provided with the application
  • The stated expenditure will be reviewed in conjunction with the bank statements and/or with statistical data, as appropriate


4Existing Buy To Let details

Please list all in the fields below. If your client(s) has more than 5, please contact us.


4Your Result

Please enter your personal details to complete the process below.


Calculate
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