Affordability Calculator

Coronavirus (COVID-19) update

Last updated: Thursday 26 March

In light of latest government instructions around the coronavirus (COVID-19) situation, the market is temporarily suspending all face-to-face property valuations. This means we are temporarily unable to offer any new mortgages for residential or buy-to-let purchases, and may not be able to proceed with remortgage applications requiring a physical valuation.

We will continue to update this message as the situation develops and hopefully will have products to offer you in the near future.

The affordability calculator works out how much you might be able to afford to pay back on your mortgage based on your income and outgoings. It is for illustrative purposes only and doesn't provide all the information you need to choose a mortgage.

Takes only 5 minutes

A quick but detailed check based on your income and outgoings to see how much you could potentially borrow.

It lasts for 30 days

At the end you can request a Decision in Principle (DIP). You can do this within 30 days of receiving your calculation.

It doesn't affect your credit rating

Our calculator won't affect your credit score.

What you'll need to know

Your income:

  • Salary
  • Bonuses
  • Overtime
  • Benefits
  • If you’re self-employed - last 2 years of accounts or Accountant's Certificate and net profit
  • For limited companies - amount of dividends and remuneration
  • If you’re a contractor please quote your annual salary as your daily rate x 5 x 48 weeks as employed income, rather than self-employed income.

Your outgoings:

  • Loans
  • Credit cards
  • Existing mortgage payments
  • Spending
Launch Affordability Calculator

Need help? Chat to us via Web Chat or call us on 0345 607 9825

Important information: We will use the information obtained from the credit check to undertake an automated assessment of your ability to afford the mortgage. Where we assess it is not affordable, your application may be rejected without being manually assessed by the Society. If the information you provide in the Affordability Calculator indicates that we might be able to lend to you, we will then carry out a soft credit check.

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