Calculation for straightforward BTL mortgage (key your figures into yellow boxes) Interest rate (for calculating rental yield) Interest rate (for mortgage payments) Rental stress factor Maximum mortgage LTV Valuer's rental assessment (pcm) Valuer's market value assessment Actual purchase price Maximum mortgage advance available Actual mortgage advance taken Deposit required Fees to be added to mortgage Arrangement Fee Miscellaneous fees Total mortgage advanced Monthly mortgage payments (interest only) Actual rent charged (pcm) Letting costs (pcm) Landlord's insurance Letting Agent Management Fee (inc VAT) Allowance for maintenance/refurbishment Allowance for voids Total monthly letting costs Nett rent (pcm) Nett profit (pcm) 4.89% 4.89% 125% 85% £600 £150,000 £145,000 £117,791 £117,791 £27,209 £117,791 £123,250
81.2% 81.2% 18.8%
2.50% £100 £120,836 £492.41 £600 83.3%
0.010% 10% 10% 10% £195.00 £405.00 -£87.41
£15.00 £60.00 £60.00 £60.00
Calculation for NCD purchase (key your figures into yellow boxes) Interest rate (for calculating rental yield) Interest rate (for mortgage payments) Rental stress factor Maximum mortgage LTV Bridging interest payable Bridging fee Valuer's rental assessment (pcm) Valuer's market value assessment Actual purchase price Mortgage advance available Purchase costs Solicitor Bridging costs Mortgage broker Valuation Deposit required ("-" indicates cashback) Fees to be added to mortgage Arrangement Fee Miscellaneous fees Total mortgage advanced Monthly mortgage payments (interest only) Actual rent charged (pcm) Letting costs (pcm) Landlord's insurance Letting Agent Management Fee (inc VAT) Allowance for maintenance/refurbishment Allowance for voids Total monthly letting costs Nett rent (pcm) Nett profit (pcm) 4.89% 4.89% 125% 85% 1.25% £200 £600 £150,000 £114,000 £117,791 £117,791 £127,500 £114,000 78.5%
£1,140 £1,625 £0 £285 -£741
2.50% £100 £120,836 £492.41 £600
0.010% 10% 10% 10% £195.00 £405.00 -£87.41
£15.00 £60.00 £60.00 £60.00