Miers Mortgages-Independent mortgage advice, West Yorkshire, UK

E-Mail:clivemiers@miersmortgages.co.uk Tel: 01274 583608 Thomas Duggan House, Well Croft, Shipley, West Yorkshire. BD18 3QH

This mortgage calculator demonstrates the amount of mortgage you can afford taking into account your individual lifestyle which lenders do not. There has been vast criticism of the bank and building societies for granting mortgages which may in the future create financial difficulties for borrowers. This calculator allows you to calculate what you can safely borrow.

Please enter MONTHLY amounts:

	APPLICANT 1	APPLICANT 2
INCOME
Take Home Pay	£	£
Pension Investments	£	£
Other Benefits	£	£
TOTAL INCOME	£
OUTGOINGS
HOUSEHOLD BILLS
Electricity/Gas/Coal	£	£
Council Tax	£	£
Water Charges	£	£
Telephone/Mobile/Internet	£	£
TV rental/license/sattelite	£	£
HOUSEHOLD EXPENSES
Food/Household Goods	£	£
Buildings & Contents	£	£
Clothes	£	£
Childcare/Lunch/Clothes	£	£
School Fees	£	£
Healthcare	£	£
TRANSPORT
Car loan	£	£
Petrol	£	£
Insurance	£	£
Tax/Service/Repairs	£	£
Bus/Train/Taxi	£	£
LEISURE
Entertainment	£	£
Clubs	£	£
Holidays/Xmas/Birthdays	£	£
FINANCIAL COMMITMENTS
Store Cards/Catalogues	£	£
Loans/Credit Cards	£	£
Pension/Savings/Endowment/ISA	£	£


TOTAL OUTGOINGS	£
Total Surplus Income avaIlable for DIRECT HOUSING COSTS:
	£

Now calculate the amount you can afford to borrow -calculations for both
repayment and interest only type mortgages are available.

Definitions:
Repayment : The monthly payment includes both interest and capital, which means the
mortgage outstanding reduces. If payments are maintained for the full term then the
mortgage will be paid off.

Interest Only: The monthly payment pays only interest to the lender which means the
mortgage outstanding never reduces. The mortgage is paid off by using, for example,
an ISA, Endowment or Inheritance.

REPAYMENT:

Select Interest Rate:

Select Term:	yrs

The amount you can borrow within your budget:	£ **

INTEREST ONLY:

Select Interest Rate:

The amount you can borrow within your budget:

£ **

** This is the size of mortgage you should look for. It may be that lenders will
allow more or less than this figure. Please go to the Mortgage Enquiry Form for
specific illustrations or schemes that are relevant to your individual circumstances.
For example, we will tailor the scheme to both now and the future, taking into account
the alterations in income and personal circumstances etc.