Buyer tools
Know your monthly number before you offer.
Price, deposit, rate and term in — repayment, stress test, loan-to-value and an income sanity check out. Before you fall for the garden.
The arithmetic
Standard repayment maths, honestly framed
The estimator uses the same amortisation formula every lender uses, a default rate of 4.6% (edit it to today’s quotes), and two honesty checks:
- The stress test — your repayment if rates were 3% higher, roughly how lenders assess affordability.
- The income ceiling — most lenders cap borrowing near 4.5× gross household income.
It estimates a repayment, not an offer of credit. For an agreement in principle, speak to a whole-of-market broker — we can suggest two local firms and take no fee from either.
Your home may be repossessed if you do not keep up repayments on your mortgage.
Mortgage & Affordability Estimator
The loan
- Borrowing
- Loan-to-value
- Total interest over the term
The honesty checks
- If rates were 3% higher
An estimate for guidance, not an offer of credit or financial advice. Rates, fees and criteria vary by lender and change often.
Ellcott & Mayne · Harrogate
Found the house the numbers work for?
Viewings run six days a week — and if you need a home sold to fund it, start with the free valuation.