Understanding how much you can borrow and calculating your mortgage repayments are crucial for any contractor planning for the future. Whether you're looking to purchase your dream home or simply need a clear picture of your finances, our easy-to-use mortgage calculators can help you make informed decisions. Use the tools below to estimate your borrowing capacity and calculate your mortgage repayments based on your financial situation.
As a contractor, you can use this calculator to get a quick, accurate snapshot of your mortgage affordability, making it easier to plan your property purchase or remortgage. The tool is ideal for contractors seeking mortgage options tailored to their unique work arrangements and income structure, ensuring they can confidently find the best deal.
This simple yet powerful slider tool helps you estimate how much you can borrow based on your income and other financial factors. The tool uses a range of values to calculate your potential borrowing amount, providing you with instant results.
Simply adjust the slider to see how much you might be eligible to borrow. This can be a helpful first step in planning your financial future or assessing the affordability of a home purchase.
Our Mortgage Repayment Calculator allows you to estimate your monthly repayments, helping you understand the cost of borrowing for your property purchase.
Mortgage Required
Enter the total amount you need to borrow to finance your home.
Repayment Period
Enter the number of years you intend to pay off the loan, typically between 10 to 40 years, to see how long it will take to repay your mortgage.
Interest Rate
Enter the annual interest rate on your mortgage loan to calculate the amount of interest you will pay.
Once you enter your values, the tool will generate two sets of results:
Repayment Mortgage:
This section calculates the Monthly Payment and the Total Cost of Loan based on both the principal amount and the interest rate over the specified repayment period.
Interest Only Mortgage:
For those considering an interest-only loan, this option calculates your Monthly Payment and the Total Cost of Loan based on interest payments alone, without reducing the principal.
Why Use This Calculator?
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If you would like an accurate and personalised estimate of how much you can borrow, simply fill in your details on the form below, and our specialist contractor mortgage advisor will be in touch with you.