Mortgage Calculator

Use the affordability calculator to show you an example of what the monthly costs are buying with Help to Buy Shared Ownership or Equity Loan. You can adjust the value of the property, interest rate and length of mortgage to demonstrate how this might affect your monthly outgoings.

Help to Buy Shared Ownership

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MIN

Full market value (£):

Share percent:

Share price:
Deposit needed:
Mortgage:
Unsold value:

Monthly rent from:

Monthly service charge:

Estimated mortgage per month:

Based on   % over    years

Estimated monthly costs:

Help to Buy Equity Loan

MAX

MIN

Full market value (£):

Share percent:

Share price:
Equity loan:
Deposit needed:
Mortgage:

Based on   % over    years

Estimated monthly costs:

The Affordability Calculator provides an indicative guide to monthly costs only. The information provided should not be relied on as confirmation of affordability or as a recommendation to proceed. Radian/Help to Buy South is not authorised or regulated by the Financial Services Authority to provide financial advice. You should always seek advice and recommendations from an Independent Financial Adviser regarding mortgage products, affordability, interest rate, terms, conditions and method of repayment. These will be contained within a Key Features Information (KFI) document which will be provided to you by your financial adviser and your mortgage provider prior to entering in to any commitment. For details of our panel of Independent Financial Advisers click here In addition you will be required to seek independent legal advice on your purchase

The generic affordability calculations are made using the following default settings:

Help to Buy Shared Ownership: 10% of share deposit required. Interest rate 6.0%. Service charge £80 per month. Rent on unsold equity at 2.5% of value. Please note that these will vary depending on the property, developer, lender, your circumstances etc.

Help to Buy Equity Loan: 5% of full price deposit required. Interest rate 5.0%.>

YOUR HOUSE MAY BE REPOSSESSED IF YOU DO NOT KEEP UP PAYMENTS ON A MORTGAGE OR ANY OTHER LOAN SECURED AGAINST IT.