Homestake calculator

Let us find the juiciest quote for you

Work out how much you can afford to borrow with our Homestake calculator.

Homestake has been withdrawn and replaced with a similar scheme for first time buyers, LIFT. Please find further information on our dedicated LIFT shared equity pages.

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.

The overall cost for comparison is 6.6% APR. The actual rate will depend on your circumstances. Ask for a personalised illustration.