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Why our mortgage calculator does not cover Shared Ownership and Help to Buy Mortgages

When it comes to calculating how much you might be able to borrow for these types of mortgage, we need to find out a little bit more about you and your circumstances beforehand. Here's why...

Help to Buy

The Help to Buy scheme has a maximum income cap of 4.5x income, and our mortgage calculator is currently designed to cap out at 5x income as per our standard lending rules. To get an accurate lending decision, you would need to enter your equity loan payment (payable after 5 years) which you may need some assistance from us to calculate. For this reason we would recommend giving our knowledgeable mortgage team a call to discuss your options in more detail.

Shared Ownership

Our mortgage calculator does not take into account the “rent” payment from the shared ownership under the commitments section. This rent payment is a moving cost and depends upon the percentage share you are buying as per your personal circumstances, as does the addition of any ground rent/service charges. As a standard, our current mortgage calculator also typically adds a borrowing amount to a deposit, whereas with shared ownership, what you need to find out is the share you are able to buy as opposed to the full purchase price. For this reason we would recommend giving our knowledgeable mortgage team a call to discuss your options in more detail.

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Get in touch if you would like to speak to our team about your Shared Ownership or Help to Buy options.

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If you would prefer to browse our range of mortgages instead please click through the below options. 

Shared Ownership Mortgages

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Help to Buy Mortgages

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