RICHARD JENNINGS MORTGAGE SERVICES
Mortgage Calculators
See How Much You Could Borrow and What Your Payments May Be
Looking to find out how much you could borrow for your dream home?
At Richard Jennings Mortgage Services, we understand how important it is to plan your finances before committing to a mortgage. That’s why we’ve made it easy for you to calculate your potential mortgage payments and borrowing amount.
Whether you're a first-time buyer, moving home, or looking to remortgage, our expert team is here to guide you every step of the way.
Your Home (or property) may be repossessed if you do not keep up repayments on your mortgage or any other debts secured on it.
How Much Can I Borrow for a Mortgage?
When you're planning to buy a home, one of the first things you'll want to know is, "How much can I borrow for a mortgage?" While our mortgage calculator is a helpful tool to give you a rough idea, it’s important to understand that the amount you can borrow will ultimately depend on a range of factors specific to your financial situation. At Richard Jennings Mortgage Services, we take pride in offering personalised mortgage advice that goes beyond a simple calculation.
A Guide, Not a Guarantee
Our mortgage calculator provides a general guide based on common criteria, such as the loan amount, interest rate, and term length. However, every lender uses slightly different methods to assess affordability, meaning the amount you can borrow may vary significantly depending on which lender you choose. Factors like your income, credit score, deposit, and even your profession can influence a lender’s decision.
Tailored Mortgage Advice for Accurate Borrowing Power
Unlike generic calculators, we work closely with our clients to give a much more accurate picture of what they can realistically borrow. With over 90 lenders in our network, including high street banks and specialist lenders, we can find the right mortgage deal tailored specifically to your circumstances. Whether you're self-employed, have a low credit score, or simply want to maximise your borrowing potential, we take a full view of your finances and personal situation to provide you with an individualised borrowing amount.
Calculate Your Mortgage Payments
Wondering what your monthly mortgage repayments might look like?
With our mortgage payment calculator, you can quickly and easily work out how much your mortgage could cost each month.
Just enter your desired loan amount, interest rate, and term length, and we’ll do the rest.
This will give you a breakdown of potential repayments, helping you budget and plan for the future.
Tailoring Your Mortgage to Fit Your Budget
One of the biggest advantages of using our mortgage payment calculator is that it allows you to get a rough estimate of how much you’ll need to budget each month. But this is just the first step. Every homeowner's financial situation is different, and what’s affordable for one person may not be suitable for another. That’s why we go beyond the numbers on a screen to help you design a mortgage that fits comfortably within your financial limits. By taking the time to understand your full financial picture, including any future plans or goals, we can advise you on the best mortgage product to suit your needs.
Why Choose Richard Jennings Mortgage Services?
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Whole-of-Market Advice: We offer access to over 12,000 mortgage products from more than 90 banks and building societies, ensuring we find the best deal for you. Whether you're a first-time buyer or looking to remortgage, we have a wide range of options to suit your needs.
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Specialist Mortgage Lenders: If you’ve got unique financial circumstances, such as a low credit score, self-employment, or other challenges, don’t worry. We work with specialist lenders who may not be available on the high street, providing solutions even in complex situations.
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Experienced Mortgage Brokers: With over 20 years of experience, countless 5-star reviews, and an award-winning service, you can trust us to find the right mortgage for you. We know the market inside and out, ensuring that you get expert advice tailored to your situation.
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Local Knowledge & Personal Service: Serving Dumfries, Carlisle, and the surrounding areas, we’re not just a national broker—we’re part of the local community. We understand the property market in this region and can provide you with personalised advice that reflects local trends and property values.
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Ongoing Support & Reviews: We’re not just here for the initial mortgage process. Once you’ve secured your mortgage, we offer ongoing support, keeping track of your deal and proactively advising you when better options become available. Whether it’s time to remortgage or if your financial situation changes, we’ll be there to guide you.
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Tailored Mortgage Advice: Every client’s financial situation is unique, which is why we don’t believe in one-size-fits-all solutions. We offer personalised mortgage advice, taking the time to understand your individual needs and goals to find a mortgage that fits your life.
Key Factors Lenders Consider
When calculating how much you can borrow, mortgage lenders will typically look at:
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Your Income: Both your salary and any additional income streams, like bonuses or rental income.
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Your Credit Score: A good credit score can increase the amount you’re able to borrow and give you access to more competitive interest rates.
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Deposit Amount: The larger your deposit, the better the mortgage rate you’re likely to receive.
Frequently Asked Questions
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What’s the maximum I can borrow for a mortgage? Our mortgage calculator offers a useful guide, but the actual amount depends on a full review of your financial situation. With access to over 90 lenders, we will work with you to find the right mortgage tailored to your needs.
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How do I calculate mortgage repayments? Simply use our mortgage repayment calculator. Enter your loan amount, interest rate, and repayment period to see your estimated monthly payment.
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Do you offer mortgages for people with bad credit? Yes! We have access to specialist lenders who cater to clients with CCJs, defaults, or other credit issues. We’ve helped many clients secure mortgages despite challenging credit histories.