Buy to let Mortgage Calculator

Simply complete the boxes in the buy to let mortgage calculator for the amount that you wish to borrow, how long you would like your buy to let mortgage for and the interest rate for your chosen mortgage option. Press 'CALCULATE' and the mortgage calculator will calculate and display monthly repayment figures and also monthly interest payments for an interest only buy to let mortgage.

The buy to let mortgage calculator can quickly help you to calculate the monthly repayment and also the interest only payment for the different amounts and mortgage terms that you enter. This can help you to determine how much you can borrow when considering how much your budget is.

Being able to adjust between repayment options and different terms for a buy to let mortgage can also help you determine if your budget enables you to borrow more by making adjustments, or in fact demonstrate that you should be borrowing less.

By altering the interest amount on the buy to let mortgage calculator enables you to stress test a mortgage facility, so that you can easily determine how much your buy to let mortgage payments will increase or decrease when interest rates change.

Mortgage calculator considerations

When working out your budget for a buy to let mortgage you need to take into consideration your rental income and allow for deductions such as property insurance, service and repairs to the property that are your responsibility as landlord. You should also make allowances if the rent is late being paid or if the property is empty for a time. Ask yourself if the rent is late or the property is vacant will you be able to cover the monthly repayments? In addition if repairs are required at any time in the future will you be able to fulfil your responsibility as a landlord and afford to carry out any typical repairs. Our buy to let mortgage calculator provides the repayment figure for any amount, term and interest rate, but also includes the interest only option. Many landlords take this option because it helps with cash flow and allows an income.