Homestake calculator
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Work out how much you can afford to borrow with our Homestake calculator.
Though deals vary from lender to lender, First Mortgage’s Homestake calculator can give you a good idea of how much you will need to repay each month. We search the whole of the market for the best deals - and we won’t charge you a thing for our service. Use our Homestake calculator to find the best repayment option.
What is Homestake?
Homestake is a scheme set up by Communities Scotland to help low income people get a foot on the property ladder. The deals works in a similar way to shared ownership, with part of the property being owned by a Homestake social landlord and part owned by the resident. You can use the Homestake calculator to work out how much you can afford to repay each month now, and then buy back your share of the property in the future. Generally aimed at first time buyers who are unable to afford the high costs of property and mortgage deposits, Homestake is also useful for people who have had a sudden change in circumstances, for example a divorce or separation.
Using the Homestake calculator - Are you eligible for Homestake?
Created by Communities Scotland, Edinburgh Council and Glasgow Council Homestake is a scheme currently only available in Scotland. Our Homestake mortgage calculator can help you work out what your payments could be. Homestake is aimed at people who fall into one or more of the following categories:
Low income household
You cannot afford housing without Homestake
First time buyers
You have special housing requirements, for example housing for the elderly or disabled
You have had a significant change in your circumstances (for example a divorce or bereavement)
You need to live in a particular area for a special reason
You can also afford the repayments on the Homestake property
Call us on 0845 603 1525 for a FREE Homestake consultation with one of our experienced team. We are happy to help you use the Homestake calculator.
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First Mortgage, the UK’s specialists in sourcing mortgages, remortgages and protection plans, are actively encouraging clients in Scotland (...)
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