Self-Employed Mortgage Calculator
Self-employed and want to know how much you could borrow? You're in the right place. Our self-employed mortgage calculator can show you how much you might be able to borrow, estimate your monthly repayments and calculate loan-to-value.
Potential property value:
£290,000
Based on 4.5× your household income and the addition of your deposit, you could potentially buy a property of this value.
For self-employed applicants, lenders usually look at your income history. We've estimated borrowing as 4.5 × income, then added your deposit to show the potential property value.
Mortgage Amount
£270,000
With the income you've told us about, this is the amount lenders may be willing to let you borrow. Some lenders may offer you more or less, based on their own criteria.
This is calculated by taking your household income and multiplying it by 4.5, which is a standard lending multiple used by most mortgage providers.
Monthly Repayment
£1,001
This is an estimate of your monthly repayment, based on the interest rate and mortgage length you entered. To lower your monthly repayments, you can increase your deposit or mortgage term.
Monthly repayments are based on the mortgage (property price − deposit), the interest rate and the mortgage term using a standard repayment formula.
Loan to Value
90%
Loan to value (LTV) is the percentage of the properties value borrowed using a mortgage. Lower LTV's are considered less risky and lenders may offer better interest rates as a result.
Loan to Value (LTV) is the mortgage divided by the property value, ×100. Lower LTVs are less risky and may unlock better deals.
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