Mortgage Affordability Calculator
Purchasing a property is one of the biggest purchases you may make in your lifetime and when you require a mortgage you want to ensure you can afford the repayments, whilst still living your life.
Our mortgage affordability calculator helps you to understand how much you can afford to borrow for a mortgage. Just fill out the information below and our calculator will help you understand your financial situation and the mortgage you may be able to afford.
If you require more accurate information or would like to discuss your current situation, we are more than happy to speak with you. Our initial consultation meeting is without obligation or cost to you.
Our Mortgage Process
Sometimes you will hear of exceptionally low interest rates but the fees attached to these deals may outweigh any benefits you may receive through the lower “headline rates”.We will analyse and explain these figures to ensure that you do understand the benefit of what we recommend. Whilst lenders will review your affordability on your income and the “main” outgoings you would be expected to have, we will also factor in the extras such as holidays, children’s clubs and a social life. After all whilst you want to enjoy your home you still want to get the best from life and if these things are important to you there is no point going into the largest commitment of your life with your eyes closed.
Why you should choose us
Acclaimed Mortgage Consultancy Ltd is authorised and regulated by the Financial Services Authority. We are responsible for the advice we give. Our advice is based upon an assessment of options from across the market and we don’t have any affiliations with any particular lender. Our aim is to get the best deal for our clients. Looking after our clients is key to our business, so we are on hand even when your mortgage transaction has completed in case you need to discuss anything further or your circumstances change. We will also remind you when your current deal is due to expire so we can be ready for the next steps in your financial path.
Looking for something else?
Equity release is a “Tax Free” way of “unlocking” or “releasing” capital tied up in the property you own and live in, these funds can be used as you wish. Learn more about what Equity Release is and why you may need it.
Many retirees are finding themselves unable to maintain the lifestyle they wish to as they simply don’t have the funds to do so. Equity Release may be an option to help provide an income for the over 55’s.
It is vital that you protect that investment you will be working hard to maintain in the years ahead. As no one can predict the future, we would recommend that you consider protection that will help secure your investment.