Shared Ownership Mortgage Calculator | Platform Home Ownership

Helping you work out your Shared Ownership affordability.

If you're just getting started on your Shared Ownership journey you may be wondering what you can afford to buy.

To understand your own affordability for Shared Ownership, enter your details below and estimated costings will be calculated automatically.

How to use the affordability calculator

We've make 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 of our available schemes will include all of the information you should need for the above, on the dedicated development page and our downloadable brochures.

Each scheme has a 'From price' when you search for available properties in your area, if you want to discuss this with a member of our team you can submit an enquiry on the property and we'll get back to you.

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

Service charge £37.00

Rent payments £429.69

Mortgage repayments £394

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

Managing Your Home

Disclaimer

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

Due to the variation in lenders 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