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Mortgage Calculators Accuracy
ronny147
Posts: 58 Forumite
How accurate are mortgage calculators?
Myself and partner have 50k and 43k (93k) income. This is take home pay of around 5300 a month
No debt.
Nationwide and Santander calculators both say they could lend up to 440/450k
Obviously, this is dependent on checks.
We have 50k deposit; in theory could we get a 400k mortgage (would be 1800 per month roughly which we could afford) and therefore a property of 450k?
Myself and partner have 50k and 43k (93k) income. This is take home pay of around 5300 a month
No debt.
Nationwide and Santander calculators both say they could lend up to 440/450k
Obviously, this is dependent on checks.
We have 50k deposit; in theory could we get a 400k mortgage (would be 1800 per month roughly which we could afford) and therefore a property of 450k?
0
Comments
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Accurate in = Accurate out
If income is all base salary then not even a FTB could screw up that part of the data entry (assuming employment history/status matches criteria)Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0 -
That is all salary on jobs that are permanent yes. Not FTB though. The money comes from a sale0
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"not even a FTB" was the term
Most calculators are very accurate if you enter precise infoHi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0 -
Thanks, have tried a couple. Just trying to see how much we may get...0
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