Affordability Calculator

Changes to our mortgage range

Before you use this tool, we are currently only offering mortgages up to 85% Loan to value (LTV). Whilst you may be accepted by our Affordability Calculator and Decision in Principle, we may not have a product available to suit you.

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

We will carry out a 'soft' credit check which 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.

Furlough/Self employed grant

If you are furloughed we are unable to offer you a mortgage if your application relies on this furloughed income to pass our affordability check.

Your outgoings:

  • Loans
  • Credit cards
  • Existing mortgage payments
  • Spending

For further information take a look at our Frequently Asked Questions.

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, which means our check won't affect your credit score.

Your home may be repossessed if you do not keep up repayments on your mortgage.
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