The number of children under 18 who depend on you financially. For joint applicants with shared dependents only enter these once under applicant 1.
If you are paying maintenance for a child, you do not need to include them as a dependent.
Your expected age of retirement.
If you have already retired, please enter the age you were when you retired.
The amount of the deposit you will be contributing
Continue to 'Your income'
Self Employed, sole traders and partnerships:
Use the lower of: your most recent net profit figure or, the average of the last 2 years.
Directors of limited companies:
Use the lower of: your last 12 months remuneration and dividends or, the average of the last two years.
Directors with a 20% share or less:
Use gross salary as an employee
If you earn a second income, perhaps through receiving a salary for more than one job, enter the details here.
If the applicant(s) are within 5 years of retirement we will take the lower of the current income or retirement income figure for the affordability calculation.
If you receive income from any other means, such as investments or state benefits, enter the details here.
State benefits can include Working Tax Credit, Child Tax Credit, Child Benefit and Pension Credits.
Back to 'Your mortgage needs'
Continue to 'Your outgoings'
Only include the balance that will not be cleared on completion of your application.
A monthly figure should be entered in this field. Fees paid per term or annually need to be calculated as a monthly figure.
If you are paying maintenance for a child, you do not need to include them as a dependent on the Mortgage needs tab.
3% of the equity share loan (divided by 12) must be included as a monthly outgoing when calculating affordability
Please do not include details of existing self financing buy to let mortgages.
Back to 'Your income'
Continue to 'Your results'
This amount is subject to lending and product LTV criteria.
The amount of borrowing, plus any fees you wish to add to the loan, must be within this affordability amount. If any details change, the maximum loan may change.
This is subject to a satisfactory credit score, confirmation of income, the value and suitability of the property, and any other additional information that may be required.
Back to 'Your outgoings'
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE