Affordability calculator

How much could your customers borrow? 

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Get an instant estimate of what your customer could borrow based on their income and financial commitments. 

The actual figure we can lend your customer could depend on their credit score and the chosen product. During the application process we’ll ask for a more detailed breakdown of their income and outgoings, which also may change the amount we could lend. 

This calculator is for new business only. For further advance calculations, please call our enquiry line on 0345 266 8928*.

When using the calculator for contractors please enter 80% of the annualised gross contracting income, in line with our lending criteria.

When using the calculator for Help to Buy: Equity Loan, you'll need to calculate the repayment by entering 3% of the borrowed amount divided by 12 into the monthly outgoings.

Need help completing the calculator? Read our Affordability calculator help page.

 

 

*Required

Applicant information

Mortgage terms

Applicant finances

Reference number

Your customer’s affordability is below the minimum loan of

£

Your customer could borrow up to:

£10,000

This amount includes the product fees if you plan to add them to the loan.

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Please note the minimum household income for a residential mortgage is £20,000.

We will not normally lend to applicants who currently have unsecured debt which exceeds half their gross annual assessable income, even if it will be repaid in whole, or part, before completion. If the case has a lower debt to income ratio, it may still be sent for individual underwriter assessment. We exclude student debt from this calculation.

 

This calculator provides an indication only. It is not a legally binding mortgage offer and places the Bank of Ireland UK at no obligation to provide your customer with a mortgage.

Get an instant estimate of what your customer could borrow based on their income and financial commitments. 

The actual figure we can lend your customer could depend on their credit score and the chosen product. During the application process we’ll ask for a more detailed breakdown of their income and outgoings, which also may change the amount we could lend. 

This calculator is for new business only. For further advance calculations, please call our enquiry line on 0345 266 8928*.

When using the calculator for contractors please enter 80% of the annualised gross contracting income, in line with our lending criteria.

When using the calculator for Help to Buy: Equity Loan, you'll need to calculate the repayment by entering 3% of the borrowed amount divided by 12 into the monthly outgoings.

Need help completing the calculator? Read our Affordability calculator help page.

 

 

Register

Register now to submit business.
It's quick and simple.

Register now

Our award winning system

Our online mortgage application system is simple to use and easy to understand.

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Document upload
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Case messaging
2-way communication with your underwriter
Case tracking
Follow the progress of your customer's application