Joint mortgage calculator

When you apply for a mortgage , lenders calculate how much they’ll lend based on both your income and your outgoings – so the more you’re committed to spend each month, the less you can borrow. This calculator provides useful guidance, but it should be seen as giving a rule-of-thumb result only. The calculation shows how much lenders could let you borrow based on your income.

The amount shown is an estimate based on a multiple of your sole or joint income. You need to go directly to a lender to find the exact amount they can lend you. To be a joint owner of the property in law, your names must be on the deeds. In reality, joint mortgage holders are usually also joint homeowners as most lenders will insist that the names of all mortgagors appear on the deeds, but you should always check that this is the case.

Use our mortgage affordability calculators to work out how much you could borrow and what kind of deposit you need for a mortgage. Mortgage calculator With just a few quick questions, our online mortgage calculator will give you an idea of how much you could borrow, show your mortgage rates and compare monthly payments. How do you calculate mortgage loan? What is basic mortgage calculator?

How many people can get a joint mortgage? Not all the mortgages we offer are shown below. This information is computer-generated and relies on certain assumptions. It has only been designed to give a useful general indication of costs. Chat to us online if you have a question about using our mortgage calculator.

Call us any time – lines may be closed at off-peak times on bank holidays and during Christmas. Important information. Mortgage calculators Before you take out a mortgage with us, use our calculators to get a good idea of how much you could borrow and how much your monthly repayments might be. If you already have a Nationwide mortgage , our calculators could help you understand how changes to your mortgage could affect your repayments.

Use our Two Person Mortgage Qualification Calculator to determine what size mortgage two people qualify for based on their combined monthly gross income and debt expenses. In some cases it can be easier for two people to qualify for a mortgage because the combined income for both applicants is higher. This Joint mortgage with parents calculator assumes that you will make the monthly mortgage repayments by yourself and your parents will simply help you by providing you with a mortgage deposit.

In this case, you should simply add up your mortgage deposit and input one mortgage deposit figure in our mortgage repayment calculator. If you know the price of the home you are interested in, you can use our interactive mortgage repayment calculator to estimate your monthly mortgage repayments, and play around to see how interest rate changes. Back to Mortgage Calculators Mortgage Affordability Calculator.

Try our new trial calculator. Main content of page below. Get a good idea of how much we could lend you in just a. For first-time buyers, using joint savings to move from a mortgage to a mortgage could get you a cheaper rate and save you thousands on your mortgage repayments. Estimate how much your repayments might be with our mortgage repayment calculator. Use our range of mortgage calculators to work out how much you could borrow, how large a deposit you will need for a mortgage and if you are overpaying.

JavaScript is disabled in your browser. A joint tenancy mortgage could also be suitable for siblings or family members who want to make a joint investment. The main difference between joint tenancy and tenants in common relates to the nature in which the property is owned by the tenants, and what happens if one of the tenants dies. See our latest mortgage rates for more detail. For first time buyers we could offer mortgages up to LTV - this means that you may only need to contribute a minimum deposit.

Figures given by this calculator or the provision of a Decision in Principle do not constitute an offer to lend to you.