How much you can borrow for a buy to let mortgage is based on the monthly rental you are getting or likely to get. This will give you an idea of how much you can borrow by looking at the expected rental income. To calculate this, enter how much rent you receive or expect to receive and the value of the property, the calculator will work out the yield and the annual rent.
The loan to value (LTV) is the size of mortgage a lender is willing to offer you based on the value of the property you are looking to buy or remortgage. These values are shown as a percentage, for example, a lender who offers a mortgage deal with a maximum 80% LTV, means they are prepared to lend you up to 80% of the property value. Lenders offer mortgages with typical LTV ranges from 50% up to 95%. Enter the total amount of money offered to you by the mortgage lender, and the value of the property to calculate the LTV.
The mortgage calculators will help give you an idea of monthly costs on either an interest only or repayment basis and the loan to value calculator will give you a guide of how much you can borrow. Once you are ready for mortgage or remortgage advice, please complete our enquiry form and you will be matched with a mortgage broker or mortgage lender who specialises in the type of mortgage that you are seeking. Please use our calculator to find out how much you might expect to borrow for a mortgage or remortgage based on your earnings.
Stamp Duty Land Tax (SDLT) is a tax on properties bought in England and Northern Ireland. You’ll need to pay it when you buy a residential property that costs more than £125,000. Use this Stamp duty calculator to work out how much Stamp Duty you’ll need to pay on your new home. You can also use it to work out how much you’ll pay on an additional property that costs more than £40,000, like a buy to let or second home, which attracts an extra 3% charge. How stamp duty is calculated Stamp duty in England & Northern Ireland PURCHASE PRICE STAMP DUTY RATE ON MAIN RESIDENCE (1) STAMP DUTY RATE FOR ADDITIONAL PROPERTIES (1) Up to £125,000 0% 3% (2) £125,001 – £250,000 2% 5% £250,001 – £925,000 5% 8% £925,001 – £1,500,000 10% 13% £1,500,001+ 12% 15% (1) Rate applies to that portion of the purchase Read more
This chart has been designed to provide people who are considering buying an investment property with a financial planning tool that will allow them to see the expected profitability of the property over a period of 25 years based on their own data input.
