Buy to Let calculator: how much could your customer borrow?

Our calculator helps you to understand the benefits of our Buy to Let proposition, and shows the options available to your customer to help them get the loan size they want and to maximise their investment opportunity.

• Top slicing is available to limited company, personal tax structures and portfolio landlords. This will help give them greater flexibility in loan size and a wider choice of products, including 2 year fixed rates which may previously have been unachievable. Our calculator will identify how much surplus portfolio and/or earned income is required to achieve the loan size if there is a shortfall.
• Bespoke ICRs which reflect your customer’s tax position more accurately and could help them get the Buy to Let mortgage they want.
• 5 year+ fixed rates could help your customer get the loan size they want by using the provable value of net worth or liquid assets in a refinance assessment.

When using the calculator please take care to ensure that the loan amount does not exceed the LTV limit for the chosen product.

Please note the calculator provides an indicative assessment only, for a more accurate assessment please complete a DIP on our Online Mortgage System.

We also have a wide range of other calculators available for portfolio, residential and refurbishment buy to let applications.

 Subject property information

Property type

House Flat

Property value

£

Gross rental income per month

£

Is the customer a portfolio landlord?

Please select Yes No

 Did you knowWe can use surplus earned or portfolio income to support top slicing?

 Loan information

Individual or Limited Company

Individual Limited Company

Mortgage type

Remortgage Purchase

Product LTV limit

Please select 60% 70% 75% 80%

Loan amount

£

Product fees

%

 OR 

£

Loan type

Fixed Tracker

Initial rate

%

Initial rate term

Years

Reversion rate

%

Total gross loan amount (including fees if added):

 Income details

Ownership

Please select Single Applicant Joint Tenants Tenants in common Limited Company

 

 

 Applicant 1

 Applicant 2

Share of rent on subject property

Applicant 1: %

Applicant 2: %

Gross earned income per month (employment / self-employment)

Applicant 1: £

Applicant 2: £

Gross other income per month (excluding rent)

Applicant 1: £

Applicant 2: £

Gross portfolio rental income per month

Applicant 1: £

Applicant 2: £

Gross subject property rental income per month

Applicant 1: £

Applicant 2: £

Where does the Applicant reside?

Applicant 1: Please select England / Wales Scotland

Applicant 2: Please select England / Wales Scotland

 

Application requires additional information in order to qualify for 5+ year fixed, please click here to fill in or click re-calculate.

 

 Net Worth

Does the customer(s) have equity of £250,000 in their main residence?

Please select Yes No

 

Does the customer(s) have combined equity of £500,000 in their property portfolio and their residential property?

Please select Yes No

 

Please provide details of your portfolio plus main residence. Click here to use our template.

Estimated Market Value

£

Current Mortgage Balance

£

 

 Liquid Assets

Does the customer have in savings that they can evidence? (this value is based on the loan amount and product selected)

Please select Yes No

 

Excess Disposable Income (EDI) assessment will be carried out on applications where customers do not pass Net Worth or Liquid Assets.

Alternative combinations may also be available.

Proof of income will be required. Please click here to see our acceptable forms of income.

Please contact a member of our sales team to discuss this case further.

 

Savings

£

ISAs

£

Cash Gifts
(funds must have been gifted at least 3 months prior to the application)

£

Other

£

Total

£

 

 Please complete the final questions below:

 EARNED DISPOSABLE INCOME

Gross earned income per month (employment/self-employment)

£

Gross other income per month (excluding rent)

£

Gross portfolio rental income per month

£

Gross subject property rental income per month

£

Number of dependents

£

 

 Unsecured Borrowing

Credit Card: Balance

£

Payment

£

Loans: Balance

£

Payment

£

Other: Balance

£

Payment

£

 

Residential Property

£

Rental Payment

£

Repayment type

£

Property value

£

 

Mortgage Type

Please select Capital & Interest Interest only

Mortgage outstanding

£

Current interest rate

%

Remaining term

Months

 

 

  Please wait...

  Calculate maximum loan

 

Document downloads

• Buy to Let product guide
• Buy to Let criteria guide

• What's new? A guide to our system changes
• 5 year + Fixed rate assets & liabilities statement
• 5 year + Fixed rate assessment rate guide
• Buy to Let assessment rate guide
• Top slicing FAQs

• Buy to Let key information sheet
• Limited Company and HMO/Multi-unit product guide
• Limited Company Buy to Let key information sheet
• Refurbishment Buy to Let product guide

Portfolio documentation

• Existing property portfolio details
• Assets & liabilities and business plan
• Portfolio lending FAQs
• Portfolio submission requirements
• More documents