Affordability Calculator


Income (all amounts should be gross)

Basic annual income	£ *
Annual regular overtime	£ *
Annual Bonus	£ *
Annual regular commission	£ *
Annual shift allowance	£ *
Annual car allowance	£ *
Large town allowance	£ *
Secondary job	£ *
Annual rent/mortgage allowance	£ *
Pension	£ *
Working Family Tax Credit	£ *

Commitments
Please include all credit commitments. This includes any balances that are being settled as part of a re-mortgage.

Monthly loan and overdraft repayments (with more than 6 months remaining)	£ *
Monthly hire purchase repayments (with more than 6 months remaining)	£ *
Monthly Child and Other Maintenance	£ *
Total balance of credit cards	£ *

Student Loan
Student loan taken out before September 2012?	*




	£ *	Amount of annual income before tax. For employed applicants the gross annual contractual salary. For Sole Traders and Partnerships the net profit/share of net profit will be used. For limited Company Directors Dividend plus Salary will be used.
	£ *	Annual amount of regular overtime based on an average of the latest three months’ payslips.
	£ *	Annual amount of bonus received before tax based on an average of the latest two payments if paid quarterly, half-yearly or annually or an average of the latest three months’ if paid monthly.
	£ *	Annual amount of regular commission based on an average of the latest three months’ payslips.
	£ *	Amount of annual shift allowance before tax.
	£ *	Amount of annual car allowance before tax.
	£ *	Amount of large town or geographical allowance received before tax.
	£ *	Annual salary of second job before tax.
	£ *	Amount of annual rent or mortgage allowance received.
	£ *	Amount of annual pension payments including state pension received.
	£ *	Annual amount of Working Family Tax credits received. Child Tax Credits and Child Benefit are not accepted as income for affordability.




	£ *	Monthly amount payable for all loans with more than 6 months remaining plus any monthly interest / charges for overdraft facilities.
	£ *	Monthly amount payable for all hire purchases with more than 6 months outstanding.
	£ *	Monthly amount of maintenance payments.
	£ *	Total balance of all credit cards.

		Student Loan
	*	Student loan taken out before September 2012?

Composition (composition of mortgaged property)

Number of adults in property (Excluding Retired and Non-dependents)		* *	Number of adults
Number of retired adults		* *	Number of retired adults
Number of children		*	Number of children

Region (region of mortgaged property)

Region			Region

Basic Essential Expenditure
Food and Drink	Monthly total	*	Food and Drink.
Council Tax, Utilities and Household Insurances	Monthly total	*	Gas, electric, oil, water, ground rents & TV licences.
Transport	Monthly total	*	Fuel, Insurances, Tax, MOTs, Maintenance, Servicing,Public Transport and Commuting costs.
Communications	Monthly total	*	Mobile phones, Broadband, landlines.
Health	Monthly total	*	Regular prescriptions, health & dental care.

	Total	*

Quality of Living Costs
Clothing and Footwear	Monthly total	*	Clothing and Footwear.
Household Goods and Services	Monthly total	*	Property Maintenance (including Maintenance subscriptions and breakdown cover), Decoration, Furnishings and White Goods
Recreation	Monthly total	*	Personal Hobbies, Eating Out, Club, Society and Gym Memberships.
Child Care and Education Costs	Monthly total	*	Private education, nursery & childcare.
Misc Expenditure	Monthly total	*	All Other Expenditure including Pension Contributions if not paid direct from salary.

	Total	*