Purchase and Renovation Loan Calculator This calculator is provided to give you an estimate of what you may be able to borrow. The amount is indicative only and is based upon your inputs of earnings, etc. All indicative monthly repayment amounts are for the loan amount only and exclusive of Mortgage Protection Insurance (MPI) which is a requirement of borrowing.
To determine your maximum borrowing capacity please go to Home Loan Calculator | Local Authority Home Loan . This figure should be inserted in the field “Max LAHL available” below
WARNING: YOUR HOME IS AT RISK IF YOU DO NOT KEEP UP PAYMENTS ON A MORTGAGE OR ANY OTHER LOAN SECURED ON IT.
WARNING: IF YOU DO NOT MEET THE REPAYMENTS ON YOUR LOAN, YOUR ACCOUNT WILL GO INTO ARREARS. THIS MAY AFFECT YOUR CREDIT RATING, WHICH MAY LIMIT YOUR ABILITY TO ACCESS CREDIT, A HIRE-PURCHASE AGREEMENT, A CONSUMER-HIRE AGREEMENT OR A BUY NOW PAY LATER AGREEMENT IN THE FUTURE. ARREARS - INTEREST WILL BE APPLIED TO THE OUTSTANDING BALANCE OF THE LOAN. THIS BALANCE INCLUDES ANY ELEMENT OF UNPAID INTEREST AND CHARGES, WHICH WILL ACCRUE INTEREST ON THE RATE APPLICABLE TO THE ACCOUNT. INDEPENDENT LEGAL ADVICE AND INDEPENDENT FINANCIAL ADVICE SHOULD BE SOUGHT.
WARNING: IF YOU CANCEL OR MAKE A CLAIM FOR REIMBURSEMENT OF A DIRECT DEBIT REPAYING YOUR MORTGAGE ACCOUNT AND FAIL TO MAKE ALTERNATIVE ARRANGEMENTS FOR PAYMENT, YOUR ACCOUNT WILL GO INTO ARREARS.
WARNING: THE COST OF YOUR MONTHLY REPAYMENTS MAY INCREASE.
WARNING: YOU MAY HAVE TO PAY CHARGES IF YOU PAY OFF A FIXED-RATE LOAN EARLY.
WARNING: VARIABLE RATE BRIDGING LOAN. THE INTEREST RATE ON THE VARIABLE RATE PORTION MAY BE ADJUSTED BY THE LENDER FROM TIME TO TIME. THIS MEANS YOUR REPAYMENTS MAY INCREASE OR DECREASE.
WARNING: VARIABLE RATE BRIDGING LOAN. THE ENTIRE AMOUNT YOU HAVE BORROWED WILL STILL BE OUTSTANDING AT THE END OF THE INTEREST ONLY PERIOD.