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Residential Mortgage Calculator
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Applicant Two
Welcome
Our Residential Mortgages calculator will help to give you an indication of how much we could lend your customer(s). Simply tell us their basic information to get a maximum loan amount or if you know their commitments and expenditure include that to get a more comprehensive result. Either way it's quick and simple to use.
For every calculation we’ll show you the maximum amount your customer(s) could borrow on both a 2 and 5 year product. Simply select the tier they fit - for more information about our tiers please view our Residential Product page.
If you have any questions, pick up the phone and give our sales team a call on 03333 701 101, Option 1, Monday to Friday between 9am and 5.00pm.
We'll use the details you enter on this screen to automatically calculate the loan size required, but please bear in mind this does not take into account any fees. If your customer(s) are looking to raise capital or consolidate debts please increase the purchase price for purchases or the loan required value for a remortgage to reflect this. If they don't currently have a mortgage but already own the property and are looking to refinance, please select Remortgage. We allow capital raising for most legal purposes.
We have a maximum loan size of £1m for cases below 75% LTV and up to £750,000 for cases above this up to the maximum LTV available on each product tier.
Select the tier your customer(s) falls under. Our tiers are named after how long since their last CCJ or Default was registered. For example, if the last CCJ or Default was registered over 6 months ago but less than 12 months ago, they'd be suitable for our Pepper 6 tier.
You'll also need to consider mortgage, secured and unsecured arrears when selecting a product tier. So, if you're unsure which product to select, visit our Residential Products page to find out more.
We'll use the rest of the information to pick the appropriate product details for the calculation.
Income
We need the total income from your customer(s) to be a minimum of £18,000.
All income must be annualised.
For information on allowable income please review our Policy on Income document. Please note applications where income is made up primarily of benefits and maintenance are unacceptable.
*Please enter values to the nearest pound
** Please only input 50% of income identified as quarterly or annual bonus payment in this field. 100% can be used for monthly bonus payment
***Allowable income includes Universal Credit; Income Disability Living Allowance; Child Benefit; Child Tax Credits; Working Tax Credits; Pension Credit; and Pension (War Disablement)
Commitments
For Credit or Store Card and Overdrafts please provide the full outstanding balance. Otherwise, please provide the monthly commitment for each of these categories.
If your customer(s) intends to clear these balances before completion you can leave these blank.
*Please enter values to the nearest pound
Expenditure
This is the last screen before we're able to tell you the final result.
Please provide a monthly figure for each of these categories.
*Please enter values to the nearest pound
Pepper 6
For customers who haven't had a CCJ or default in the last 6 months.
0 in 6 months
0 in 12 months (No arrears balance in last 6 months)
Fixed term - None in the last 6 months
Revolving credit - Missed payments considered
We will ignore 2 individual defaults (per application) up to and including £200 each where these defaults relate to utilities, communications or mail order providers
Pepper 12
For customers who haven't had a CCJ or default in the last 12 months.
0 in 12 months
0 in 12 months (No arrears balance in last 6 months)
Fixed term - None in the last 6 months
Revolving credit - Missed payments considered
We will ignore 2 individual defaults (per application) up to and including £200 each where these defaults relate to utilities, communications or mail order providers
Pepper 18
For customers who haven't had a CCJ or default in the last 18 months.
0 in 18 months
0 in 18 months (No arrears balance in last 6 months)
Fixed term - None in the last 6 months
Revolving credit - Missed payments considered
We will ignore 2 individual defaults (per application) up to and including £200 each where these defaults relate to utilities, communications or mail order providers
Pepper 24
For customers who haven't had a CCJ or default in the last 24 months.
0 in 24 months
0 in 24 months (No arrears balance in last 6 months)
Fixed term - None in the last 6 months
Revolving credit - Missed payments considered
We will ignore 2 individual defaults (per application) up to and including £200 each where these defaults relate to utilities, communications or mail order providers
Pepper 36
For customers who haven't had a CCJ or default in the last 36 months.
0 in 36 months
0 in 36 months (No arrears balance in last 6 months)
Fixed term - None in the last 6 months
Revolving credit - Missed payments considered
Pepper 48
For customers who haven't had a CCJ or default in the last 48 months.
0 in 48 months
0 in 48 months (No arrears balance in last 6 months)
Fixed term - None in the last 6 months
Revolving credit - Missed payments considered
Pepper 6 Light
For customers who haven't had a default in the last 6 months.
0
0 in 6 months
0 in 6 months (No arrears balance in last 6 months)
Fixed term - None in the last 6 months
Revolving credit - Missed payments considered
We will ignore 2 individual defaults (per application) up to and including £200 each where these defaults relate to utilities, communications or mail order providers
Pepper 12 Light
For customers who haven't had a default in the last 12 months.
0
0 in 12 months
0 in 12 months (No arrears balance in last 6 months)
Fixed term - None in the last 6 months
Revolving credit - Missed payments considered
We will ignore 2 individual defaults (per application) up to and including £200 each where these defaults relate to utilities, communications or mail order providers
Pepper 18 Light
For customers who haven't had a default in the last 18 months.
0
0 in 18 months
0 in 18 months (No arrears balance in last 6 months)
Fixed term - None in the last 6 months
Revolving credit - Missed payments considered
We will ignore 2 individual defaults (per application) up to and including £200 each where these defaults relate to utilities, communications or mail order providers
Pepper 24 Light
For customers who haven't had a default in the last 24 months.
0
0 in 24 months
0 in 24 months (No arrears balance in last 6 months)
Fixed term - None in the last 6 months
Revolving credit - Missed payments considered
We will ignore 2 individual defaults (per application) up to and including £200 each where these defaults relate to utilities, communications or mail order providers
Pepper 36 Light
For customers who haven't had a default in the last 36 months.
0
0 in 36 months
0 in 36 months (No arrears balance in last 6 months)
Fixed term - None in the last 6 months
Revolving credit - Missed payments considered
We will ignore 1 individual defaults (per application) up to and including £200 each where these defaults relate to utilities, communications or mail order providers
Pepper 48 Light
For customers who haven't had a default in the last 48 months.
0
0 in 48 months
0 in 48 months (No arrears balance in last 6 months)
Fixed term - None in the last 6 months
Revolving credit - Missed payments considered
Pepper 12 DMP
For clients who are in a Debt Management Plan (DMP) or have satisfied one in the last 12 months.
0 in 12 months
0 in 12 months (No arrears balance in last 6 months)
Fixed term - None in the last 6 months
Revolving credit - Missed payments considered
Pepper 18 DMP
For clients who are in a Debt Management Plan (DMP) or have satisfied one in the last 12 months.
0 in 18 months
0 in 18 months (No arrears balance in last 6 months)
Fixed term - None in the last 6 months
Revolving credit - Missed payments considered
Pepper 24 DMP
For clients who are in a Debt Management Plan (DMP) or have satisfied one in the last 12 months.
0 in 24 months
0 in 24 months (No arrears balance in last 6 months)
Fixed term - None in the last 6 months
Revolving credit - Missed payments considered
Pepper 12 - Bankruptcy
Suitable for customers that have a a satisfied Bankruptcy order over 3 years ago.
0 in 12 months
0 in 12 months (No arrears balance in last 6 months)
Discharged > 3 years ago
Pepper 24 - Bankruptcy
Suitable for customers that have a a satisfied Bankruptcy order over 3 years ago.
0 in 24 months
0 in 24 months (No arrears balance in last 6 months)
Discharged > 3 years ago
Important notice
These results are indicative and are meant to be used as a guide only. Should you wish to submit a DIP, it'll be subject to our full lending criteria, a credit check and an underwriter review which could result in a different value.
Please note by changing the loan amount figure you may change the loan to value. This may change the interest rate charged. If you're going to change any details we strongly recommend you start a new calculation to ensure it is as accurate as possible.
Before submitting business to us, you’ll need to register with us. It’s a quick and simple process and shouldn’t take more than 5 minutes.”
If you've already registered, please Login and complete our online application form.
Unfortunately, due to your LTV, we do not have a suitable product for you
Final results
We’re currently reviewing all applications to ensure the income is sustainable in current market conditions. Based on the information provided please find details below on what your customer(s) could borrow with us.
Indicative maximum available subject to a DIP | |
---|---|
2 Year Fixed: | £150,000.00 |
30 Month Fixed: | £175,000.00 |
5 Year Fixed: | £200,000.00 |
Basic Information | |||
---|---|---|---|
Number of Applicants: | Number of Children: | ||
Required loan amount: | Repayment Type: | ||
Term: | Years | Product: |
Income Applicant One | Income Applicant Two | ||
---|---|---|---|
Primary Annual Income | Primary Annual Income | ||
Secondary Annual Income | Secondary Annual Income | ||
Annual Overtime | Annual Overtime | ||
Annual Bonus or Commission | Annual Bonus or Commission | ||
Car Allowance | Car Allowance | ||
Maintenance Income (calculated at 50%) | Maintenance Income (calculated at 50%) | ||
Rental Income (calculated at 50%) | Rental Income (calculated at 50%) | ||
Allowable Income | Allowable Income | ||
Total | Total |
Commitments Applicant One | Commitments Applicant Two | ||
---|---|---|---|
Mortgages or secured loans | Mortgages or secured loans | ||
Unsecured loans or hire purchase | Unsecured loans or hire purchase | ||
Credit or store cards Balance | Credit or store cards | ||
Overdraft arrangements Balance | Overdraft arrangements | ||
School fees | School fees | ||
Maintenance | Maintenance | ||
Student loans | Student loans | ||
Other | Other | ||
Total monthly commitments | Total monthly commitments |
Expenditure | |
---|---|
Housekeeping | |
Utilities | |
Telephone | |
Council tax | |
Buildings insurance | |
Ground rent | |
Leasehold service charges | |
Essential travel | |
Clothing | |
Personal goods | |
Household goods | |
Basic recreation | |
Total |
Important notice
Based on the information entered, an underwriter will carry out a full review at Decision in Principle. Please complete the DIP to confirm the maximum loan amount available.
These results are indicative and are meant to be used as a guide only. Should you wish to submit a DIP, it'll be subject to our full lending criteria, a credit check and an underwriter review which could result in a different value.
Please note by changing the loan amount figure you may change the loan to value. This may change the interest rate charged. If you're going to change any details we strongly recommend you start a new calculation to ensure it is as accurate as possible.
Before submitting business to us, you’ll need to register with us. It’s a quick and simple process and shouldn’t take more than 5 minutes.”
If you've already registered, please Login and complete our online application form.
If you have any questions, call our team on 03333 701 101 option 1, Monday to Friday between 9am and 5pm.
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Resources
Our Residential Intermediary tool kit has all the information you need