First Mortgage Trust
Address: P.O. Box 2587, BATH, BA2 6ZA
Email: admin@mortgage-loan-uk.net



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Buy to let mortgage loan and rental calculator

This buy to let mortgage loan and rental calculator will allow you to input your investment property mortgage amount required (by loan to value) and then will offer you the facility to calculate the rental income you require to support the mortgage repayments. We have included as many buy to let mortgage rates (with APR's) variables as possible representing current products, these rates are updated regularly and can be viewed either in the buy to let top 10 section (typically products with no tie ins or with stepped rates) or within the buy to let database (with over 400 products) along with current lender criteria. This is an invaluable calculator when considering that some buy to let mortgage valuations may be downvalued and with rising property prices diminishing rental yields.

Buy to let valuation? Enter the purchase price of your proposed buy to let investment property. If remortgaging please insert your considered and realistic valuation. Loans typically available from £30k to £5 million.
 

Loan available or required:

clear Buy to let loans are available to a maximum of 85% of the property valuation (amend this figure as required). Now move forward to calculate your monthly payments below.....
 
what rate can I use? Calculate    clear
 
Can I use my own rate? clear Calculate    

Now that you've worked out the monthly cost of your mortgage is this going to support the borrowing and cover your rental income to achieve the borrowing. As mortgage brokers we know that a down valuation of the property or a lower than anticipated rental assesment will leave you needing to find a larger deposit. The next calculation should give you an idea of whether your rental will cover the amount of mortgage required.
 
Lenders rental cover Rental income required  
 
    Clear your input      

Please remember that if you feel that your rental income will not support the amount of mortgage you require mortgages are available with no income rental calculation required and/or loans assessed on applicants income alone. Please use our contact form on our dedicated secure server and select 'buy to let' followed by any concerns or queries you may have.
 

Copyright law applies on the internet as it does on paper. This calculator has been designed and created for the sole use and benefit of online clients of First Mortgage Trust and therefore is not password protected. This calculator remains the literary and intellectual property of First Mortgage Trust and copying and retention of any source code, format or appearance of same to your hard drive, browser cache or any intermediate point such as a network cache for use thereafter is strictly forbidden without the express authority of First Mortgage Trust. However should you wish to place this calculator on your website in the first instance please click on the button below remembering to put your contact options and details of your organization.



Copyright © 2006 First Mortgage Trust Ltd