Use our tailored guides to help you choose the right mortgage, from Buy-to-Let, Remortgaging and House Buying guides. Home Knowledge and Resources Mortgage Calculators. Let's Get Started. The maximum loan you can borrow is: Want to find out more? Open Menu. Buy To Let Mortgage Calculator Find out how much interest you will pay when borrowing money using a buy-to-let mortgage product.
Buy-to-let mortgage FAQ. Other notable differences include: Interest rates It's common for the interest rates on buy-to-let mortgages to be higher than residential mortgage rates. Deposit and property value The minimum deposit you need to put down for a buy-to-let mortgage is higher than it is for a normal residential mortgage.
Arrangement fees Arrangement fees on a BTL mortgage can be higher than on a conventional mortgage. Important information This buy-to-let mortgage calculator is designed to give you a quick idea of the likely mortgage amount you can borrow based on rental income coming in, however this amount is subject to lots of different things such as your credit history, monthly outgoings and deposit. Learn more about buy-to-let mortgage.
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Property Alerts. Financial Analysis Calculator. Location Guides. Stamp Duty Calculator. Mortgage Calculator. General Enquiries. This would be a repayment mortgage over a year term. You can use three different calculations to find out if your property investment is paying a satisfactory return. These are rental yield, return on investment and cash on cash. To work out rental yield, you take the annual rent divided by the value of the investment property multiplied by Your return on investment is calculated by calculating your earnings less your cost of investment, divided by the cost of investment.
Then multiplied by to get a percentage. This calculation allows you to see the return on your initial cash investment less your monthly mortgage payments. Cash invested includes any deposit you needed for the mortgage, any additional fees connected to your investment and any costs for work or refurbishments made to the property. Your cash on cash return would be Rental yield is a measure of your annual return on your buy-to-let investment. You can use it to compare it to the rates of return on other investments such as savings accounts and to check your investment is outperforming inflation.
A good rental yield varies depending on the location of the property due to property costs and the health of the rental market. The top 25 locations for rental yield in the UK achieve between 6. On 8 July , the Chancellor introduced an 'stamp duty holiday', lasting until the end of March This has been extended to the end of June To qualify for the reduction, the property purchase must complete before the end of the stamp duty holiday.
For more information, see our stamp duty guide or go direct to the official HM Government website for stamp duty land tax. Finding the right buy-to-let mortgage depends on the circumstances of your property and yourself. You may find that to be eligible for some buy-to-let mortgages that you need to be an experienced landlord rather than a first-time landlord. Some lenders will not accept properties of unusual construction type, including flat and thatched roofs while others may have rules about local authority properties or flats above commercial premises.
Some lenders also restrict multiple properties or houses of multiple occupation. You can find the right buy-to-let mortgage either by researching the market directly using our buy to let comparison table or by speaking to our preferred mortgage broker. There is no cost to you. Our service is entirely free and you don't need to share any personal data to access our comparison tables.
Buy to Let mortgage calculator - how much can I borrow? The amount you can borrow on a Buy to Let mortgage is mainly based on the monthly rental you are getting or are likely to get. This Buy to Let mortgage calculator will give you an idea of what you can borrow based on the expected rental income. Simply key in the amount of rent that you currently receive or expect to receive and our Buy to Let mortgage calculator will determine how much we think lenders will be happy to lend to you on a Buy to Let mortgage.
Of course, some lenders are more generous than others so this estimate is to be taken purely as a guide, and some lenders will want to look at how much earned income you have from employment or self employment too.
Call our expert advisers now. Get started. How much can I borrow on a Buy to Let mortgage? How much rent do you get or expect to get?
What next? Give our expert advisers a call to discuss your options. How much will it cost? How much stamp duty will I pay?
Continue Online. Important information. This Buy to Let mortgage calculator is designed to give you a quick idea of the likely mortgage amount you can borrow based on rental income coming in, however this amount is subject to lots of different things such as your credit history, monthly outgoings and deposit. For a firmer idea it's best to speak to an adviser who can run through your circumstances and help give you a more definitive figure.
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