Residential Mortgage Calculators
Determine Your Residential Mortgage Affordability.
Buying a home is one of the most significant financial decisions you’ll ever make. Whether you’re stepping onto the property ladder for the first time or considering a move, it’s essential to understand how much you can afford.
Our mortgage calculators offer general insights into your borrowing potential, monthly repayments, and any associated Stamp Duty costs.
Mortgage Affordability Calculator
Our borrowing calculator is designed to help you work out how much you can borrow, whether you are a first-time buyer or a home mover.
Please note this is only an estimate and can vary based on the lender and your individual situation.
To get a more accurate quote, we suggest you speak to one of our advisers. They can guide you in making an informed decision that is right for you.
How much can you borrow?
You could borrow between: £ – –
To purchase a property between: £ – –
Income Needed Calculator
Our income calculator is designed to help you determine the annual income required to afford a property, whether you are a first-time buyer or a home mover.
Please note this is only an estimate and can vary based on the lender and your individual situation.
To get a more accurate assessment, we suggest speaking to one of our advisers. They can provide personalized guidance to help you make an informed decision.
How much do you need to earn?
You would need a minimum household annual income of: £ – –
A minimum 5% deposit of: £ – –
Mortgage Repayment Calculator
Repayments are calculated by the size of your mortgage, the interest rate set by your lender, and the term length.
We can provide you with an estimated repayment amount. For a more accurate figure, you would need to speak to one of our advisers who will review your monthly income and expenses.
If you seek assistance in finding the mortgage that suits your needs, we suggest you speak to one of our advisers.
How much will you need to repay monthly?
Your monthly payment could be:£ – –
Debt Consolidation Calculator
Consolidate your high interest debts with your next remortgage and discover potential monthly savings. However, please note that you may be stretching the repayment of these debts over a longer term, which may work out more costly in the long run.
Repayments are determined based on your mortgage amount, the interest rate offered by your lender, and the duration of the loan.
For a personalised repayment estimate, we recommend consulting with one of our advisors.
How much Could you Save per month by Debt Consolidating?
Your new monthly payment could be: £ – –
Your potential monthly savings could be: £ – –
Mortgage Overpayment Calculator
While we can offer an estimated repayment amount, for a more precise figure that accounts for overpayments, we recommend speaking with one of our advisors.
If you require assistance in maximizing your mortgage payments to reduce your overall loan term and interest costs, we encourage you to speak with one of our advisors for expert advice.
How overpayments affect your mortgage?
Monthly repayment: £ – –
New monthly repayment: £ – –
Reduce your term to: – – years
Total interest you could save: £ – –
Stamp Duty Calculator
If you are purchasing a property use our Stamp Duty calculator to work out if you will incur stamp duty, and if so, how much. It’s important to factor these additional costs into your budget when you’re considering your affordability.
Our calculator has been updated to reflect the latest residential Stamp Duty Land Tax changes from 1st April 2025
What will your Stamp Duty be?
First-time buyer
Your stamp duty as a first-time buyer would be: £ – –
Moving home
The stamp duty on your new property would be: £ – –
Buying an additional home
Stamp duty on an additional home would be: £ – –
Why Kerr & Watson?
Understanding
We take the time to understand your situation so that we can search for the perfect mortgage and insurance for you. Any recommendation made is completely bespoke to your circumstances.
Experience
Mortgage and insurance advice is our speciality. We have decades of combined experience giving us the knowledge to overcome challenges and find the perfect solution for your needs.
Communication
We work around your schedule to arrange a mortgage or insurance policy that suits your needs. You’ll be kept updated throughout the entire process with clear communication so you’ll always know what’s going on.
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Kerr & Watson | Address: Pembroke House, 8 St Christophers Pl, Farnborough GU14 0NH, UK | Phone: 01252 224620 | Email: info@kerrandwatson.co.uk | Hours: Mon-Fri 9:00–17:30