Cost Calculator

In just a few steps you can be one step closer on the ladder to your dream home.

We take Mortgage Affordability very seriously.

When it comes to a mortgage you need a balance that takes in to account borrowing enough for your home but not too much so it becomes a financial problem. This is where our simple to use Mortgage Affordability Calculator becomes invaluable.

Your cost calculator

The most common mortgage questions we see:

First time buyers

What is a mortgage?

A mortgage is a sum of money that can be borrowed to purchase a property, secured against the asset in order to protect a lenders risk in obtaining the monies should you not keep up repayments on the mortgage loan

How does mortgage interest work?

Your mortgage broker/lender will advise you on the interest charged for your mortgage. You then make monthly payments until the total you have borrowed is fully cleared (mortgage length/term).

How long does a mortgage need to be?

Mortgages can vary in length depending on circumstances. The length of a mortgage can be anything from 2 years to 40 years.

What deposit will I need to obtain a mortgage?

Typically a 5% deposit of the purchase price is required but again this can depend on your circumstances.

What can I do to improve my chances?

When you’re ready to explore getting a mortgage, it’s a good idea to check your credit report to ensure accuracy beforehand. At Mortgage Matters, we’ll use your report and the details you provide to suggest ways to improve your chances of approval.

I have been declined for a mortgage; can you help?

Don’t worry—this happens for a variety of reasons, and there’s almost always a solution. At Mortgage Matters Limited, we specialize in uncovering the reasons behind declined applications and working closely with you to find the right path forward. Whether it’s a new approach, alternative options, or understanding what went wrong, our team has the experience and know-how to help you move toward your goals.

