Note: fields marked as are required to complete the affordability calculation.
Please enter Loan Amount.
Please enter Property Value.
Please enter Deposit Amount.
Please enter a term.(1-35)
This is optional, and for your own use to help identify your individual case.
The affordability assessment can be performed on Single or Joint applicants using the appropriate selection.
Should the application consist of more than two applicants, you should enter the details of the two applicants with the highest disposable income.
Please select employment type.
Income value should be greater than zero.
Please confirm your salary. This is referred to as remuneration within business accounts. Please add any additional income such as Dividends (net of any income tax paid) into the additional income section below. Where your shareholding in the company is greater than 24% we also require sight of last 3 years accounts in addition to proof of personal income via payslips/SA302s for dividends
Enter a number (zero or greater).
This page of the assessment captures the monthly deductions per applicant taken from the salary.
This page of the assessment captures the monthly commitments per applicant.
Please detail any commitments that will be in place after the start of the new mortgage.
Exclude any commitments with less than six months to run.
Please detail the combined monthly outgoings for all applicants. Please enter only those outgoings that will be in place after the start of the new mortgage.
This is the tax levied on a household by the local authority. The rate is set according to the estimated value of the property and the number of people living in it. The annual charge is usually paid over 10 months. Please provide the monthly average here.
This should be a combination of your clients utilities, eg Gas, Electric, Water, Telecoms.
This should include premiums for any monthly Insurances; eg Household, Accident Sickness & Unemployment and Life cover, as well as additional insurances your clients may have for example pet cover.
Monthly amount paid for lifestyle choices i.e. food, socialising, club memberships etc.
Payments made into investments, requiring sustained or fixed term funding.
Only include pension contributions if your client is self employed. If they are employed on a "pay as you earn" (PAYE) basis then we have already assumed they make a pension contribution from their salary.
Please declare here any monthly rent that will be paid by any of the applicants after this mortgage has completed. For example, if your client lives in a rented flat near their workplace during the week, and will return to the mortgaged property at weekends.
Amount incurred monthly for public & private travel expenses, e.g. fuel, rail tickets, car parking, season ticket, bus pass etc.
This includes any education and childcare fees. We require a monthly figure, so if your client pays annually or per term, please calculate the monthly average. Do not include childcare vouchers which are deducted from their salary.
Please include any service charge and/or ground rent that is payable at the property. We require the monthly amount so if your client pays by a different frequency, please provide the monthly average.
Where there are any other monthly outgoings in excess of £100, this will be regarded generally as ‘other’ and should be declared here
The application and assessment of affordability is for guidance purposes only and subject to our wider lending policy. We may therefore not be able to proceed with the application either at all or at the amount requested.
If the calculator provides a lower amount than that requested and you would wish to discuss further please contact the Society on 01785 223212.
© Stafford Railway Building Society, 4 Market Square, Stafford, ST16 2JH 2013
Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Register number 206063, Financial Conduct Authority.
The information contained on this site is to provide guidance to prospective borrowers and should not be interpreted as a statement of Society policy. All mortgage applications are subject to an appraisal of the financial standing of the applicant(s) and any guarantor(s).
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.