Shared Ownership Mortgage Calculator | Platform Home Ownership

Calcluate your Shared Ownership mortgage affordability

If you're just getting started on your Shared Ownership journey, you'll want to know what you can afford to buy and the costs you can expect. The problem is, with so many products on the market, it can be difficult to know how to calculate mortgage payments.

This is why we've put together this UK mortgage calculator, which can show you what you'll pay each month, plus the total cost over time, depending on some basic information such as interest rate, deposit and fee size.

We've made working out affordability for Shared Ownership as simple as we possibly can with this calculator, but you'll need to have a few things to hand to get started.

The price of the property you are considering
The minimum share available to purchase
What percentage you have available as a deposit

Each development page on this site, plus the associated downloadable brochure, has both the guide price and minimum share information if you're unsure.

Am I eligible?

Shared Ownership Affordability Calculator

Property Details

Total property value

£

Share (%)

%

Deposit (%)

%

Based on these figures, to purchase this property you will need a deposit of: £3,125

Based on these figures, the value of your share of this property will be: £62,500

Mortgage Details

Mortage period

years

Total cost of mortgage £118,158

Interest rate (%)

Mortgage amount £118,158

Repayment frequency

Total interest paid £118,158

Affordability

Based on the monthly costs calculated, your minimum household income should be: £62,500

To cover your deposit and costs associated with moving, you will need estimated savings of: £62,500

The affordability information above is based on the following monthly costs:

Total monthly housing cost £861

Rent payments £429.69

Mortgage repayments £394

The total estimate excludes Service Charges, this can vary across our developments. At the time of application our Sales Consultants will make you aware of associated Service Charges applicable to the property you are interested in.

Homes at this development can be purchased between 25% - 75% of the property's full market value.
You are able to buy more of your home through the Staircasing process, where you can purchase additional shares at this development in increments of 10%.
Please note, as a Shared Owner you are responsible for all repairs and maintenance within your home.

Find your Shared Ownership home

Now you've checked your affordability, it's time to find the right home. With properties across the Midlands, Lincolnshire and beyond, explore our available homes for Shared Ownership.

Find a home

Platform Mortgage Calculator Disclaimer

The Platform Home Ownership affordability calculator is based on the results obtained from a range of mortgage lender's own calculators and is therefore indicative and should be used for guidance only.

Due to the variation in lender's calculators and credit scoring, a result showing a mortgage loan is affordable does not mean that you will necessarily be able to obtain a mortgage of the amount indicated as affordable.

Platform Home Ownership are not financial advisors, and this tool is to be used for research purposes only. Speak to a specialist mortgage broker to discuss your finances.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS OF YOUR MORTGAGE.

Shared Ownership Mortgage Affordability Calculator