Mortgage Borrowing Calculator
Our mortgage affordability calculator assists you with deciding the amount you can borrow in relation to your pay. It has to be noted, joint borrowers are likely to receive higher loans due to the combined income being more than single borrowers. Please use our mortgage calculator for a more accurate figure. In any case, mortgage affordability is affected by a variety of factors. These include your credit history, monthly outgoings, deposit and it varies from lender to lender. Our mortgage borrowing calculator will estimate how much you may be able to borrow. However, you must ensure that you can afford the monthly repayments not only now, but in the future. For more information, contact our team for free mortgage advice. They can go over your situation with you and give you a more accurate estimate of your mortgage loan eligibility.
Check your mortgage options
We've calculated this from our average customer
Stamp Duty Calculator - How Much Is Stamp Duty?
Stamp Duty :
Stamp Duty :
Stamp Duty :
Enter the values above to calculate how much you can borrow
Next see how much you can borrow & the deals you qualify for
About your borrowing ability
Tax is payable when you buy a property over a specific price. The sums can be very significant,
and you need to factor this into your budget when assessing how much of a deposit you require
to purchase a home.
The actual applicable rates rely upon where you are purchasing in the UK, whether you are a first-time buyer, and if not, how many properties you presently own.
- In England and Northern Ireland, it’s known as Stamp Duty Land Tax and is payable on purchases above £125,000, or £300,000 for first time buyers.
- Wales’s equivalent is called the Land Transaction Tax and applies to properties over £180,000 (different thresholds may apply to anyone purchasing an additional property).
- Scotland has the Land & Buildings Transaction Tax, which applies to properties over £145,000, or £175,000 for first time buyers.
- England and Northern Ireland impose a 3% surcharge for additional properties such as second homes or Buy to Let. In Scotland and Wales, it is charged at 4%.
- Please note that if you are currently living overseas an additional Stamp Duty Land Tax charge may apply for purchases in England and Northern Ireland. Please consult a solicitor for further information.
The calculator below quantifies the suitable Land Tax due if your purchase is completed after
September 30, 2021. Expert Mortgage Brokers is unable to provide tax advice and suggests that
you seek specialist advice on the Land Tax level that might apply to your contexts.
Valuable information Our stamp duty calculator displays rates for individuals purchasing a residential property, buy to lets and additional properties. Other rates may apply if you purchase through a limited company, and you should consult an accountant if you plan to do so.