To get the best and most precise results from the calculator you need to consider the size of your deposit. When considering this think about all the other costs associated with moving and purchasing the property – such as stamp duty for example.
Then use the sliding scale to enter this amount on the calculator along with the value of the property you wish to purchase. This will then give you an indicative figure for the size of mortgage you will need.
Mortgage required:
£285,000
Interest rate:
5%
Monthly repayments
£1,438
Based on the amount of mortgage you need to borrow, you can now find out what your monthly repayments will be. This figure will be based on the results from the information you previously entered. However, it is also dependent on the number of years the repayment is made and the interest rate. You can amend these figures by moving the sliding scale which will adjust the monthly figure accordingly.
When looking at this figure it is always good to consider how much repayment you can comfortably afford. Do not try to stretch your funds too far and make sure your budget allows for other eventualities. It takes just a few clicks to see how much you can borrow and how much your mortgage might cost.
1. Enter your house value and deposit
The first step is to enter your house value and how much you can afford to pay towards your deposit.
2. Enter your repayment terms
To get an accurate idea of how much you will be paying each month, select over how many years you want to pay off your mortgage.
The older you are, the lower the number of years you should select.
You will also need to enter an interest rate.
3. Complete!
Now you’ll be left with a figure for your monthly repayments.
We have a number of ways to help you get moving into your dream home.
Do you have a property to sell? Don’t worry, we can help you to sell your old property quickly by working with the estate agents on your behalf, What’s even better, we will even pay their fees on your behalf when your house sells with our Smooth Move package.
You can also use our Home Exchange scheme in which we will buy your property at market value. This means you will have the piece of mind that you won’t have any last minute ‘drop-outs’ and you also avoid estate agent fees.
We also have exclusive help available for members of the Armed Forces.
For more help, advice and guidance, get in touch with our team today.
References to “we”, “us” or “our” are to the part of the Vistry Group (including Linden Homes, Bovis Homes, Countryside Homes, Drew Smith, Vistry Ventures or one of Vistry’s joint venture companies) from which you are intending to purchase a new home. References to "you” and “your” are to the prospective buyer or buyers of a new home from us.
All images are used for illustrative purposes only and are representative only. They may not be the same as the actual home you purchase and the specification may differ. Images may be of a slightly different model of home and may include optional upgrades and extras which involve additional cost. Individual features such as windows, brick, carpets, paint and other material colours may vary and also the specification of fittings may vary. Any furnishings and furniture are not included in any sale. Please check with our sales consultants for details of the exact specifications available at the development(s) for each type of home and the associated prices.
