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Affordability calculator

How much could your clients borrow?

'North', 'North West', 'Yorkshire & Humberside', 'East Midlands', 'West Midlands', 'East Anglia', 'London', 'South East, exc. London', 'South West', 'Wales' 4.10,4.30,4.50,5.10,5.30 Pension,Investment,Taxable rental income,Bursary income,Fostering income,Invalidity benefit (Lifetime),Maintenance payments,Vested shares,Trust income,Regional weighting,Mortgage subsidy,Special duties allowance,Second employed income,Second self employed income This will show the name of the client should you need to print. Please note that the more information you are able to provide, the more accurate your illustration will be Entering the full postcode will give us more accurate result, if unknown select the property region Credit-impaired customer Definition (Per MCOB) - A customer who (a) Within the last two years has owed overdue payments, in an amount equivalent to three months payments on a mortgage or other loan (whether secured or unsecured), except where the amount overdue reached that level because of late payment caused by a bank error or other third party; or (b) Has been the subject of one or more county judgements, with a total value greater than £500 within the last three years; or (c) Has been subject to an individual voluntary arrangement or bankruptcy order which was in force at any time within the last three years. The more accurate the information provided is, the more accurate the affordability results will be Dependants aged 16 or less Only include within this figure persons who are not party to the mortgage application. Dependants aged 17 and over For this quote we are using the maximum amount of each income type permitted by our lending policy. Please note that not all types of income are counted at 100%, some examples of other income that would not carry the full weighting are: bursary, trust income, fostering income etc. Secondary Income will be only considered if received for at least 6 months. Please do not include if within 6 months. If customer\'s other income is critical to this application, please complete the DIP The more accurate the information provided is, the more accurate the affordability results will be These include buildings and contents insurance, house hold insurance (gas, fire, boiler, pets etc.) Please only input revolving credit balances i.e. credit cards, mail order and overdrafts that are not being repaid on completion. Relevant for flats. Please divide your annual payments by 12. true https://intermediary1.kmc.co.uk/KensingtonSiteVisa/Logon/Logon.aspx true https://intermediary1.kmc.co.uk/kmregistration/ false true /docs/default-source/intermediary-literature/product-guides/residential-product-guide-may-2017.pdf 5 Yrs Min, 40 years Max Please refer to Kensington Mortgages guide for rate details Sole traders and those holding not less than 20% of a company\'s shares. Please enter your most recent annual income. For self employed contractors we will work on the following calculation: daily rate x 5 x 46 weeks from the current contract. Only include within this figure persons who are not party to the mortgage application.
APPLICATION DETAILS
Client Name (Customer's name)
What will the mortgage term be?
Years
What type of mortgage will it be?
What is the Purchase Price/Property Value?
£
How much are you looking to borrow?
£
Your loan to value will be?
%
Your deposit will be?
£
What is the interest reversion rate of the product?
%
What fixed rate period is required?
Product range
Is the application defined as credit impaired?
Do you know the postcode of the property?
Full postcode of the property
Property region
Amount of deposit from Help to Buy scheme?
£
ANNUAL INCOME DETAILS
£
Is this a single or joint application?
Total Gross Annual Income
£
MONTHLY EXPENDITURE
£
Number of dependants
How much will the household spend on the following?
 
Food, Drink and other Housekeeping costs
£
Tobacco Related Products
£
Clothing and Footwear
£
TV, Phone and Internet Connections
£
Utilities (electricity, gas, sewage, water etc)
£
Furnishings and Property Maintenance
£
Household Insurance
£
Ground Rent and Service Charges
£
Council Tax
£
Childcare/Nursery Costs
£
Maintenance i.e. child maintenance, alimony etc.
£
School and Education Costs
£
Public Transport
£
Private Transport, including insurance
£
Recreation, including eating out and holidays
£
Mandatory Savings/Investment Contributions
£
Monthly payment towards current outstanding credit commitment, excluding credit card payments
£
Total outstanding revolving credit balances
£
Other Monthly Expenditure
£
Total Gross Monthly Expenditure (excluding monthly credit card payments)
£
There are invalid entries, please check.
AFFORDABILITY RESULTS
The maximum we may lend you is (including fees)
£
Summary
Annual income
£
Total Qualifying Income
£
Property Value/Purchase Price
£
LTV
%
Deposit
£
We are able to lend you . We are able to lend you between - (the lower amount will be based on the lower credit profile and the higher amount will be based on the higher credit profile).
This figure is an illustrative figure for your information and does not represent a commitment to lend the quoted amount.
Kensington will consider using up to 100% of variable income depending on the history, frequency and certainty of amounts required. An Underwriter will determine an actual acceptable level on a case by case basis.
While our lending decisions are made by an underwriter, not a credit score, please note that we do use credit scores to educate our affordability assessment.
What next?
Login to our secure application portal to obtain a Decision in Principle, or call our Business Development Unit on 0800 111 020 to discuss the case.