Joint Borrower Sole Proprietor Affordability Calculator

Thank you for choosing to use our Joint Borrower, Sole Proprietor JBSP Affordability Calculator.
Please use the 'i' for more information or contact our Mortgage Underwriting Team on 01257 235001 for additional support.
The results from this calculator offer illustrative purposes only and do not guarantee a successful mortgage application.

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JBSP Affordability Calculator

Property purchase price/Estimated property value

Mortgage amount required

Repayment type

Property type

Mortgage term (Years)

Number of applicants

NET Income

The NET Income of all applicants, per year or month, as chosen.

Applicant 1

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Applicant 2

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Applicant 3

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Applicant 4

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Gross Income

The Gross income of all applicants per year or month as chosen.

Applicant 1

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Applicant 2

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Applicant 3

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Applicant 4

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Expenditure for all applicants living in the secured property:

Household basic essentials

Enter your household basic essentials cost on a monthly or yearly basis.

Please include:

Nursery / Child Minding / School Fees
Maintenance / Alimony
Cost of Funding Repayment Strategy
Mobile Phone Contract
Broadband / Home Telephone
Rent
Council Tax
Water
Other Utilities (ie Calor Gas, Oil)
Insurance (Life/Critical Illness)
Mortgage Protection / ASU / Inc Protection
Home Insurance
Ground Rent / Service Charges
Car Insurance / MOT / Car Tax / Maintenance
Travel Costs inc Fuel, Bus, Rail Fares
Other Insurance (Pet/Dental/Health)

Please note, Household Basic Essentials should not include food or energy costs.

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Monthly credit commitments

Input monthly payment for all credit commitments, assume 3.5% of the balance as the minimum payment on credit and store cards.

per

Household energy costs

Please provide the monthly energy cost (gas, electricity and if applicable other heating sources such as Calor gas or heating oil).

per

Number of people living in the secured property

Number of people living in the property

Please select the number of persons aged 18 or over, in the appropriate fields of 'Working & Non-Working' and 'Retired'. This information is used to assign the Cost of Living values to the calculation.

For the purposes of this form, a semi-retired person should be classed as working.

Working & non-working

Retired

Number of children under 18

Will all the joint borrowers live in the secured property?

Yes No

Number of additional supporting households

If there are 2 joint borrowers who will not reside in the property to be mortgaged, and they reside in the same household this should be input as 1, if the joint borrowers reside in separate households this should be input as 2

Supporting household 1

Property type

Household basic essentials

Enter your household basic essentials cost on a monthly or yearly basis.

Please include:

Nursery / Child Minding / School Fees
Maintenance / Alimony
Cost of Funding Repayment Strategy
Mobile Phone Contract
Broadband / Home Telephone
Rent
Council Tax
Water
Other Utilities (ie Calor Gas, Oil)
Insurance (Life/Critical Illness)
Mortgage Protection / ASU / Inc Protection
Home Insurance
Ground Rent / Service Charges
Car Insurance / MOT / Car Tax / Maintenance
Travel Costs inc Fuel, Bus, Rail Fares
Other Insurance (Pet/Dental/Health)

Please note, Household Basic Essentials should not include food or energy costs.

per

Monthly credit commitments

Input monthly payment for all credit commitments, assume 3.5% of the balance as the minimum payment on credit and store cards.

per

Household energy costs

Please provide the monthly energy cost (gas, electricity and if applicable other heating sources such as Calor gas or heating oil).

per

Number of people living in the property

For the purposes of this form, a semi-retired person should be classed as working.

Working & non-working

Retired

Number of children under 18

Is there a residential mortgage on this property?

Current outstanding residential mortgage

Current residential mortgage interest rate

Residential mortgage term remaining (In months)

Residential mortgage repayment type

Supporting household 2

Property type

Household basic essentials

Enter your household basic essentials cost on a monthly or yearly basis.

Please include:

Nursery / Child Minding / School Fees
Maintenance / Alimony
Cost of Funding Repayment Strategy
Mobile Phone Contract
Broadband / Home Telephone
Rent
Council Tax
Water
Other Utilities (ie Calor Gas, Oil)
Insurance (Life/Critical Illness)
Mortgage Protection / ASU / Inc Protection
Home Insurance
Ground Rent / Service Charges
Car Insurance / MOT / Car Tax / Maintenance
Travel Costs inc Fuel, Bus, Rail Fares
Other Insurance (Pet/Dental/Health)

Please note, Household Basic Essentials should not include food or energy costs.

per

Monthly credit commitments

Input monthly payment for all credit commitments, assume 3.5% of the balance as the minimum payment on credit and store cards.

per

Household energy costs

Please provide the monthly energy cost (gas, electricity and if applicable other heating sources such as Calor gas or heating oil).

per

Number of people living in the property

For the purposes of this form, a semi-retired person should be classed as working.

Working & non-working

Retired

Number of children under 18

Is there a residential mortgage on this property?

Current outstanding residential mortgage

Current residential mortgage interest rate

Residential mortgage term remaining (In months)

Residential mortgage repayment type

Supporting household 3

Property type

Household basic essentials

Enter your household basic essentials cost on a monthly or yearly basis.

Please include:

Nursery / Child Minding / School Fees
Maintenance / Alimony
Cost of Funding Repayment Strategy
Mobile Phone Contract
Broadband / Home Telephone
Rent
Council Tax
Water
Other Utilities (ie Calor Gas, Oil)
Insurance (Life/Critical Illness)
Mortgage Protection / ASU / Inc Protection
Home Insurance
Ground Rent / Service Charges
Car Insurance / MOT / Car Tax / Maintenance
Travel Costs inc Fuel, Bus, Rail Fares
Other Insurance (Pet/Dental/Health)

Please note, Household Basic Essentials should not include food or energy costs.

per

Monthly credit commitments

Input monthly payment for all credit commitments, assume 3.5% of the balance as the minimum payment on credit and store cards.

per

Household energy costs

Please provide the monthly energy cost (gas, electricity and if applicable other heating sources such as Calor gas or heating oil).

per

Number of people living in the property

For the purposes of this form, a semi-retired person should be classed as working.

Working & non-working

Retired

Number of children under 18

Is there a residential mortgage on this property?

Current outstanding residential mortgage

Current residential mortgage interest rate

Residential mortgage term remaining (In months)

Residential mortgage repayment type

Summary

Please note, these figures are representational only and do not guarantee a successful mortgage application.

The result below is based on your input of:

Working / Non-Working Adult(s)

Retired Adult(s)

Dependent(s) under the age of 18

Combined NET Income of £ per month

Household basic essential expenditure of £

Monthly credit commitments of £

Your monthly energy costs have been calculated based on the greater of the declared amount and the average dual fuel cost for your property type as per the Government Energy Price Guarantee. In this case it will be £ When submitting an application please use the figure provided when completing the budget planner.
We have estimated the household basic living costs to be £ This leaves your customer(s) with a monthly net disposable income of £

Result

This decision is representative only and does not guarantee a successful mortgage application.

Products

All products available for purchase and remortgage unless stated

Intermediary Help

Intermediary Help

All products available for purchase and remortgage unless stated

Intermediary Help

Joint Borrower Sole Proprietor Affordability Calculator