If you’d like a quick indication of how much your customer could borrow on a Residential Mortgage, our new affordability calculator could be the solution. It’s simple and easy to use, and in just a few seconds you can get an indication of the maximum loan amount without having to complete a Decision in Principle first.

To try the calculator, click here. You only need to answer a handful of questions – there are only 11 for a typical case, two of which are about rates.

Since we launched the calculator, it’s already been used thousands of times by brokers keen to give their customers an early indication.

The figure is only an estimation, it is not agreement to lend, but it gives you a useful guide to how much your customer could borrow and if they can afford the repayments.