Mortgage Affordability Calculator

Published / Last Updated on 14/07/2015

Following the 'credit crunch' crisis and banking collapses 2007-2010, the financial regulator conducted a Mortgage Market Review (MMR) to prevent this happening again.  MMR rules now require an affordability test by mortgage brokers and lenders to check that you can afford the mortgage, not just today but also stress tested for affordability when/if interest rates rise.

Mortgage Affordability Calculator

Our mortgage affordability calculator helps you work out if you can afford a mortgage.  We have included essential 'day to day' living expenses but ignored things like gym fees, TV subscriptions, holidays etc.  as these are 'non-essential' items that you could stop/reduce costs in difficult times.
All fields marked RED must be completed.

  • Mortgage Details
  • Living Expenses
  • Can You Afford It?

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