How much can I borrow?
How much can I afford? How much will Stamp Duty be? What are the Monthly Payments going to be?
For more details, please contact us, drop us a line with some details, and we will assess your affordability with the help of a comprehensive mortgage calculator, and provide you with an indicative mortgage quote. Based on the mortgage product, and with the help of a mortgage payment calculator, we will also review the mortgage monthly payments, discuss best options to suit your budget, and recommend the most suitable mortgage for you.
For a property purchase, you will need to provide your total Annual Gross Income and your likely Deposit Amount, so that we can provide you with an estimate for the likely mortgage amount you could borrow, and the maximum recommended house price and the stamp duty amount payable.
For a remortgage, you will need to provide the current outstanding mortgage balance, the property value, and the mortgage term.
We will also discuss loan-to-value (LTV), which is one of the key factors that lenders look at when qualifying borrowers for a mortgage, and the best product rates available at different LTV brackets.
You will then have the confidence to have the right numbers and understanding to move ahead with the best course of action with your mortgage.
Your Mortgage Experts are here to help you.
How much stamp duty will I pay?
Stamp Duty Land Tax (SDTL) is a tax which is payable when you purchase a property above a certain value.
It is important that you budget for it, as it can be a substantial amount of money, depending on the value of the property, and on where the property is located.
As tax rates are regularly reviewed by the government, it is important that you seek professional advice. Please feel free to contact us for guidance and support. You may also wish to use the stamp duty calculator, provided by HMRC to work out the SDLT payable– by clicking here, or by checking our mortgage calculator above.
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