Calculators

Repayment Calculator

Max Loan Calculator

Applicant type

Loan type

Property category

Please note the minimum loan size which can be considered for lending to Trusts is £1,000,000.

Does this application involve more than one property?

Property type

Please note Shawbrook will only consider Trading Business applications for a minimum of £150,000 on 10 to 20 year terms. Interest Only repayment option is also not available.

Loan amount

Purchase Price / Estimated Value

Term

Repayment

The Loan amount will be inclusive of any Rolled Up Interest, Shawbrook Legal Fee, a Telegraphic Transfer fee of £20 and any broker fee stated below. As this figure will be used to create any Quote or Mortgage Offer, please ensure it is sufficient to generate the Net Advance required.

Apply discount to

Broker fee

Refurbishment?

Will the planned work improve the energy efficiency of a property?

Borrowing for Refurbishment?

Lending for refurbishment costs enables up to 100% of the refurbishment costs to be funded but the total loan cannot exceed 85% of the day one purchase price/value or 65% of the afterworks value. This is only applicable to loans above 75% LTV. Please note, the MAXIMUM loan allowed is £500,000.

Cost for Work

After Work Value

Interest servicing option*

Ex council?

Interest retention period (months)*

Annual rent amount or net profit

After works valuation*

Does the client own four or more mortgaged Buy To Let properties?*

Expected valuation type Please refer to our lending criteria for AVM eligibility rules.

Is the client an Expatriate?

Does the client's property portfolio meet Shawbrooks requirements to qualify for Payrate DSCR coverage lending?

Do you wish to see results based upon any current Limited Edition products?

Based on the term you have requested your client may benefit from a lower rate being applied to the income stress test. This however depends on their outside portfolio position. Please complete the details below and we will use this to confirm if the outside portfolio meets this requirement.

If you don't have these details to hand, don't worry, you can tick the box below and we'll calculate the figures using our usual income stress test rate. You can confirm the details later in the process and your client may still benefit.

Personal Portfolio

Total portfolio value

Total outstanding debt

Total monthly rental income

Corporate Portfolio

Total portfolio value

Total outstanding debt

Total monthly rental income

To be confirmed later

For your information, the portfolio details provided will be used to confirm the following:

Your client's portfolio is a) geared at 75% or less and b) the rental income provides at least 125% cover when stressed at 6% for properties held in their own name and 6% for properties held in a Corporate entity.

Please note that at this stage the information provided is not assessed for any other purpose than to confirm if a lower income stress test can be applied.

Please note that Shawbrook Bank applies a minimum rate of 0.75% to the rate margin

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is available for below property types

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