Shared equity mortgage calculator
Let us find the juiciest quote for you
Work out how much you can afford to borrow with our shared equity mortgage calculator.
Though deals vary from lender to lender, First Mortgage’s 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 shared equity mortgage calculator to find the best repayment option.
What is a shared equity mortgage?
If you can’t afford the full cost of a new house, a shared equity mortgage could be a good option for you. With this type of deal you purchase a percentage of the property and a lender buys the rest. Usually, the lender charges normal interest rates on the bulk of the loan, then offers reduced or 0% interest on the rest of the sum. The repayment is therefore less than an unsecured loan, and the lender receives the rest of their money back upon sale of the property.
Using the shared equity mortgage calculator...
Simply type in your required sum, the interest rate and the repayment period and press calculate. Our shared equity mortgage calculator will tell you how much your monthly payments are likely to be. For an exact quote, contact us. You may also want to look at other types of mortgage deal:
LIFT - Scheme in Scotland to enable people on a low income to afford a house
Family equity loan plan - new shared equity plan with a parent or family member
First time buyer - Find special offers and deals to help you get on the property ladder
Poor/bad credit deals - Even if you have CCJs, defaults or arrears, we can usually find a mortgage deal to suit you
100% mortgages - Zero deposit, higher interest deals
Self-certified deals - A different way to arrange a mortgage if you are unable or unwilling to prove income
Right to buy - If you have lived in your council property for two years you may be entitled to buy it at a discount price
Council house purchase - Purchase a council house
Use our shared equity mortgage calculator
Call us on 0845 603 1525 for a free consultation with one of our friendly and experienced consultants. We are more than happy to discuss your situation and help you choose the best shared equity mortgage or other deal to suit your needs.
The overall cost for comparison is 6.6% APR. The actual rate will depend on your circumstances. Ask for a personalised illustration.
Get quotes prepared fast and easy from our award winning brokers starting, with our smart online form. Quote request
- Our whole of market service provides an unbeatable choice of mortgage lender.
- We have negotiated many ‘Exclusive’ market leading deals for our clients only.
- Your own dedicated mortgage advisor manages your application from start to finish.
- We do all the paperwork and work with lenders to ensure everything goes smoothly.
- Our mortgage advisors are expert in every type of money saving remortgage.
- Branches throughout Scotland
- Specialist help for first time buyers and homemovers with Property Law Centre
- Scotland’s longest established mortgage advisors
First Mortgage, the UK’s specialists in sourcing mortgages, remortgages and protection plans, are actively encouraging clients in Scotland (...)
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A first class service and will recommend them to all my friends - E Klimek
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