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How much can I borrow?

How much can I borrow and what would it cost?

Our mortgage calculator is designed to show you how much you could potentially borrow and how much your monthly payments would be. The amount is based solely on your income without deducting household expenses and financial commitments. Your mortgage adviser will take you through the application process and will calculate the amount you can afford to borrow based on your income after the deduction of those expenses and commitments. Further restrictions may apply for specialist products.

Gross annual income

 

Mortgage details

 

Payment options

Your monthly repayments

 
Range dependent on the products in the comparison list below

Variable Rate Mortgages

Product Initial rate Overall cost for
comparison
Max % LTV Completion fee Representative
Example
Mortgage
repayment

Further Advance 2 Year Discount

2.79% 4.7% APRC 80% £0 View
for 24 months
find out more

Representative example

A Mortgage of  £42,051.00, payable over 12 years and 9 months (153 months) initially on a discounted rate for 2 years (24 months) of 2.79% and then on our current standard variable rate of 5.34% for the remaining 10 years and 9 months (129 months) would require 24 monthly payments of £326.94 then 129 monthly payments of £371.48. The total amount payable would be £55,974.82 made up of the loan amount plus interest (£13,818.82) with a £75.00 valuation fee and £30.00 CHAPS fee. The overall cost for comparison is 4.7% representative APRC.

Family Buy to Let 3 Year Discount

3.20% 5.0% APRC 70% £999 View
for 36 months
find out more

Representative example

A mortgage of £154,931.00 payable over 14 years and 3 months (171 months) initially on a discounted rate for 3 years (36 months) of 3.20% and then on our standard variable rate of 5.34% for the remaining 11 years and 3 months (135 months) would require 36 monthly payments of £413.15 then 135 monthly payments of £689.44. This is based on an interest-only repayment method. The total amount payable would be £264,564.48 made up of the loan amount plus interest (£108,379.48) with a £999.00 completion fee, £30.00 CHAPS fee, £105.00 legal fees, and £120.00 mortgage exit administration fee. The overall cost for comparison is 5.0% representative APRC.

Further Advance 3 Year Discount

3.99% 4.8% APRC 70% £0 View
for 36 months
find out more

Representative example

A Mortgage of  £17,166.00, payable over 5 years and 3 months (63 months) initially on a discounted rate for 3 years (36 months) of 3.99% and then on our current standard variable rate of 5.34% for the remaining 2 years and 3 months (27 months) would require 36 monthly payments of £57.08 then 27 monthly payments of £76.39. This is based on interest only.  The total amount payable would be £21,447.17 made up of the loan amount plus interest (£4,176.17) with a £75.00 valuation fee and £30.00 CHAPS fee. The overall cost for comparison is 4.8% representative APRC.

Fixed Rate Mortgages

Product Initial rate Overall cost for
comparison
Max % LTV Completion fee Representative
Example
Mortgage
repayment

3 Year Fixed

2.19% 4.5% APRC 80% £999 View
for 36 months
find out more

Representative example

A Mortgage of  £162,384.00, payable over 19 years and 2 months (230 months) initially on a fixed rate for 3 years (36 months) of 2.19% and then on our standard variable rate of 5.34% for the remaining 16 years and 2 months (194 months) would require 36 monthly payments of £865.16 then 194 monthly payments of £1,088.49. The total amount payable would be £244,080.61 made up of the loan amount plus interest (£80,222.61) with a £999.00 completion fee, £220.00 valuation fee, £30.00 CHAPS fee, £105.00 legal fees and £120.00 mortgage exit administration fee. The overall cost for comparison is 4.5% representative APRC.

5 Year Fixed

2.59% 4.1% APRC 80% £0 View
for 60 months
find out more

Representative example

A Mortgage of  £153,111.00, payable over 18 years and 11 months (227 months) initially on a fixed rate for 5 years (60 months) of 2.59% and then on our standard variable rate of 5.34% for the remaining 13 years and 11 months (167 months) would require 60 monthly payments of £853.88 then 167 monthly payments of £1,016.59. The total amount payable would be £221,608.18 made up of the loan amount plus interest (£68,242.18) and a £30.00 CHAPS fee, £105.00 legal fees and £120.00 mortgage exit administration fee. The overall cost for comparison is 4.1% representative APRC.

Self-Build Mortgages

Product Initial rate Overall cost for
comparison
Max % LTV Completion fee Representative
Example
Mortgage
repayment

2 Year Discount

4.25% 5.5% APRC 80% £999 View
for 24 months
find out more

Representative example

A Mortgage of  £88,020.00 payable over 18 years and 8 months (224 months) initially on a discounted rate for 2 years (24 months) of 4.25% and then on our current standard variable rate of 5.34% for the remaining 16 years and 8 months (200 months) would require 24 monthly payments of £569.87 then 200 monthly payments of £616.74. The total amount payable would be £138,744.48 made up of the loan amount plus interest (£49,300.48) and a £170.00 valuation fee, £999.00 completion fee, £30.00 CHAPS fee, £105.00 legal fees and £120.00 mortgage exit administration fee. The overall cost for comparison is 5.5% representative APRC.

Buy To Let Mortgages

Product Initial rate Overall cost for
comparison
Max % LTV Completion fee Representative
Example
Mortgage
repayment

Family Buy to Let 3 Year Discount

3.20% 5.0% APRC 70% £999 View
for 36 months
find out more

Representative example

A mortgage of £154,931.00 payable over 14 years and 3 months (171 months) initially on a discounted rate for 3 years (36 months) of 3.20% and then on our standard variable rate of 5.34% for the remaining 11 years and 3 months (135 months) would require 36 monthly payments of £413.15 then 135 monthly payments of £689.44. This is based on an interest-only repayment method. The total amount payable would be £264,564.48 made up of the loan amount plus interest (£108,379.48) with a £999.00 completion fee, £30.00 CHAPS fee, £105.00 legal fees, and £120.00 mortgage exit administration fee. The overall cost for comparison is 5.0% representative APRC.

Further Advance 3 Year Discount

3.99% 4.8% APRC 70% £0 View
for 36 months
find out more

Representative example

A Mortgage of  £17,166.00, payable over 5 years and 3 months (63 months) initially on a discounted rate for 3 years (36 months) of 3.99% and then on our current standard variable rate of 5.34% for the remaining 2 years and 3 months (27 months) would require 36 monthly payments of £57.08 then 27 monthly payments of £76.39. This is based on interest only.  The total amount payable would be £21,447.17 made up of the loan amount plus interest (£4,176.17) with a £75.00 valuation fee and £30.00 CHAPS fee. The overall cost for comparison is 4.8% representative APRC.

Product Initial rate Overall cost for
comparison
Max % LTV Completion fee Representative
Example
Mortgage
repayment

5 Year Fixed

3.09% 4.6% APRC 70% £0 View
for 60 months
find out more

Representative example

A Mortgage of  £154,391.00, payable over 15 years and 3 months (183 months) initially on a fixed rate for 5 years (60 months) of 3.09% and then on our standard variable rate of 5.34% for the remaining 10 years and 3 months (123 months) would require 60 monthly payments of £397.56 then 123 monthly payments of £687.04. This is based on an interest-only repayment method. The total amount payable would be £263,420.00 made up of the loan amount plus interest (£108,774.00) with a £30.00 CHAPS fee, £105.00 legal fees, and £120.00 mortgage exit administration fee. The overall cost for comparison is 4.6% representative APRC.

Borrowing into Retirement Mortgages

Product Initial rate Overall cost for
comparison
Max % LTV Completion fee Representative
Example
Mortgage
repayment

2 Year Discount

2.79% 4.8% APRC 60% £0 View
for 24 months
find out more

Representative example

A Mortgage of  £148,215.00, payable over 9 years and 2 months (110 months) initially on a discounted rate for 2 years (24 months) of 2.79% and then on our current standard variable rate of 5.34% for the remaining 7 years and 2 months (86 months) would require 24 monthly payments of £344.60 then 86 monthly payments of £659.56. This is based on an interest-only repayment method. The total amount payable would be £213,810.72 made up of the loan amount plus interest (£65,340.72) and a £30.00 CHAPS fee, £105.00 legal fees, and £120.00 mortgage exit administration fee. The overall cost for comparison is 4.8% representative APRC.

Term Discount

2.99% 3.1% APRC 60% £0 View
for 300 months
find out more

Representative example

A Mortgage of  £130,243.00, payable over 9 years and 8 months (116 months) on a discounted rate for the term of the mortgage with a pay rate of 2.99% would require monthly payments of £324.52. This is based on an interest-only repayment method. The total amount payable would be £168,775.10 made up of the loan amount plus interest (£37,987.10) and a £30.00 CHAPS fee, £105.00 legal fees, £290.00 valuation fee and £120.00 mortgage exit administration fee. The overall cost for comparison is 3.1% representative APRC.

Product Initial rate Overall cost for
comparison
Max % LTV Completion fee Representative
Example
Mortgage
repayment

3 Year Fixed

3.39% 5.1% APRC 60% £0 View
for 36 months
find out more

Representative example

A Mortgage of  £89,000.00, payable over 17 years and 3 months (207 months) initially on a fixed rate for 3 years (36 months) of 3.39% and then on our current standard variable rate of 5.34% for the remaining 14 years and 3 months (171 months) would require 36 monthly payments of £251.43 then 171 monthly payments of £396.05 on an interest only basis. The total amount payable would be £166,601.48 made up of the loan amount plus interest (£77,056.48) and a £290.00 valuation fee, £30.00 CHAPS fee, £105.00 legal fees, and £120.00 mortgage exit administration fee. The overall cost for comparison is 5.1% representative APRC.

First time buyer Family Deposit Mortgages

Product Initial rate Overall cost for
comparison
Max % LTV Completion fee Representative
Example
Mortgage
repayment

3 Year Discount

3.34% 4.9% APRC 100% £499 View
for 36 months
find out more

Representative example

A Mortgage of  £139,026.00, payable over 17 years and 4 months (208 months) initially on a discounted rate for 3 years (36 months) of 3.34% and then on our current standard variable rate of 5.34% for the remaining 14 years and 4 months (172 months) would require 36 monthly payments of £881.34 then 172 monthly payments of £1,002.67. The total amount payable would be £205,525.91 made up of the loan amount plus interest (£65,545.91) and a £200.00 valuation fee, £499.00 completion fee, £30.00 CHAPS fee, £105.00 legal fees, and £120.00 mortgage exit administration fee. The overall cost for comparison is 4.9% representative APRC.

Fresh Start Mortgages

Product Initial rate Overall cost for
comparison
Max % LTV Completion fee Representative
Example
Mortgage
repayment

3 Year Discount

3.34% 4.9% APRC 100% £499 View
for 36 months
find out more

Representative example

A Mortgage of  £139,026.00, payable over 17 years and 4 months (208 months) initially on a discounted rate for 3 years (36 months) of 3.34% and then on our current standard variable rate of 5.34% for the remaining 14 years and 4 months (172 months) would require 36 monthly payments of £881.34 then 172 monthly payments of £1,002.67. The total amount payable would be £205,525.91 made up of the loan amount plus interest (£65,545.91) and a £200.00 valuation fee, £499.00 completion fee, £30.00 CHAPS fee, £105.00 legal fees, and £120.00 mortgage exit administration fee. The overall cost for comparison is 4.9% representative APRC.

How to apply...

The Loughborough mortgage service is tailored to each individual and offered on a fully advised basis where applicable. Our qualified advisers will spend time with you to understand your mortgage needs and financial circumstances before recommending the most suitable solution for you.

There are a number of ways you can arrange to talk to one of our friendly team of Advisers, choose what’s best for you: