Mortgage Calculators and Tools
We’ve designed essential tools and mortgage calculators necessary to give you a general idea of how much you can borrow. But to get a better overview, it’s best to consult one of our expert mortgage advisers in London UK.
Our mortgage calculators
Practical gadgets to help keep things simple
How Much You Can Borrow on A Mortgage
How much you can borrow depends on several factors, such as whether you are employed or self-employed. Lenders have so much different criteria's and as brokers we are continuously placing our clients with the correct lenders to borrow the right amount.
Interest-Only Loan Payment
An interest-only mortgage is a loan that requires monthly payments solely for the interest on the principal borrowed. The term of such a mortgage is typically for 10 to 25 years and its usually for a BTL mortgage.
Loan to value ratio calculator
The loan-to-value ratio (LTV) is the size of your mortgage relative to the price of the property you are purchasing or remortgaging. LTV is calculated as a percentage and influences the interest rates offered by lenders.
Combined Loan to Value (CLTV)
The combined loan-to-value (CLTV) ratio is a measure that assesses how much equity you have in your home. It can help you determine if now is the right time for you to buy or refinance based on your current financial situation. The ratio is based on the combined balance of mortgage, home equity loan, or second mortgage and the value of the home.
How Much you can borrow with my rental income?
The amount you can borrow on a Buy to Let mortgage is mainly based on the monthly rental you are getting or are likely to get. Additional factors such as your age and whether you are looking to borrow beyond your retirement date are also considered when choosing a lender.
Self-employment Mortgage Calculator
The amount you can borrow if you are self-employed is usually dependent on the last 2 to 3 years income. A lender typically would take the average of the last two years net profits. Please use the calculator above to establish approximately how much you can loan.
Commercial Loan Repayment
This calculator will provide your monthly mortgage cost based on the values you provide. Before taking out a mortgage you need to get a personalized illustration showing the full costs and charges. Please speak to one of our advisers from Expert Mortgage Brokers if you need further help.
Stamp Duty
Stamp duty is payable when you buy a property in the UK unless it’s an exemption for some first-time buyers. The actual applicable rate depends on various factors. Please use our stamp duty calculator to see how much you are liable to pay.
