Second Home Mortgage Calculator Uk

Access to leading market rates from 2nd charge.

Second home mortgage calculator uk. Use our mortgage calculators to see how much you could afford to borrow whether you re buying remortgaging buying to let or thinking about offsetting. The sample second home 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 mortgage calculator for a second home is a tool that can be used by mortgage brokers and lenders to work out how much you may be able to borrow and to give an indication as to what the mortgage repayments will be for the amount you need to borrow on a second home mortgage i e. Second home mortgage calculator second mortgage service why choose us for a second charge mortgage.

As a mortgage is secured against your home it could be repossessed if you do not keep up the mortgage repayments. This tool will help you estimate how much you can afford to borrow to buy a home. Use our online calculator to get a quick affordability assessment before submitting a full application with us. This sample second home mortgage calculator is only for guidance and may not truly reflect your mortgage affordability.

Special features of what we offer include. Will be applying what their income is and whether you re buying the first time remortgaging or buying a new or second home. Fair mortgages can provide you with a first class service if you are looking for a second charge mortgage on your home. A mortgage to purchase another home rather than a remortgage.

Enter your proposed monthly rent details below select either 5 or 5 5 on the stress test rate field and use the calculate button. We ll also ask about your regular spending such as. Our buy to let mortgage calculator will give you an estimate of how much money you can borrow to fund the purchase of a second home or a property that you intend to let out to tenants. Mortgage affordability calculator how much can you borrow.

Please enter all income and expenditure which is not being consolidated as monthly values other than credit cards which is the total balance. This comparison includes every mortgage in the uk that you might be able to use to buy a second home. Simon conn is an introducer appointed representative of cherry mortgage finance limited which is authorised and regulated by the financial conduct authority under number 730706 in respect of uk mortgage insurance and consumer credit related activities only. We ll work it out by looking at your income and your outgoings.

If you need help finding a mortgage you can contact a broker for ideas of which companies may accept you and which deals suit your finances. A repayment mortgage of 120 000 payable over 28 years and 1 month initially on a fixed rate for 2 years at 1 99 and then on the lender current variable rate of 3 69 variable for the remaining 26 years and 1 month would require 24 monthly payments of 465 20 and 312 monthly payments of 565 39 and one final payment of 565 19. Borrow from 10 000 up to 2 5m. Second mortgage affordability calculator.