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Mortgage Planner: Landlord Monthly Budget Calculator
The monthly household budget calculator is designed for existing landlords or individuals looking to purchase their first buy-to-let property and become a landlord. This mortgage tool allows you to calculate monthly household budget in preparation for remortgage application or your first buy-to-let mortgage.
If you are a first time buyers or considering remortgaging your home you should use our Household Monthly Budget Calculator which is tailored to your specific situation.
Traditionally, mortgage calculations were purely based on your annual income, whilst this remains the core approach your household monthly expenditure also plays a pivotal role. This change originates with the change in mortgage legislation in April 2014 by the Financial Conduct Authority (FCA)
Using the Landlord Monthly budget calculator
Click on the plus ( + ) and minus ( - ) signs respectively to show / hide input fields. Enter figures into the relevant fields which apply to you. Click on the arrows adjacent specific financial inputs to view supporting information, help and related calculators where applicable. Once complete, you can scroll down to view how your net monthly income will change as the tax relief on mortgage interest is phased out from 2017 to 2021.
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| Transport Expenses: | 0.00 | + | |
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| Finance Expenses: | 0.00 | + | |
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| Leisure Expenses: | 0.00 | + | |
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| Insurance Expenses: | 0.00 | + | |
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| Family Expenses: | 0.00 | + | |
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| Debt Expenses: | 0.00 | + | |
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| Mortgage Interest relief at 100% | |||||
| Income | - | Expenditure | = | Household Cash Flow | |
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| Total | - | = | |||
| - | 0.00 0.00 0.00 0.00 0.00 0.00 0.00 | = | 0.00 | ||
Pie chart showing breakdown of household budget
| Mortgage Interest relief at 75% | |||||
| Income | - | Expenditure | = | Household Cash Flow | |
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| Total | - | = | |||
| Mortgage Interest relief at 50% | |||||
| Income | - | Expenditure | = | Household Cash Flow | |
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| Total | - | = | |||
| Mortgage Interest relief at 25% | |||||
| Income | - | Expenditure | = | Household Cash Flow | |
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| Total | - | = | |||
| Mortgage Interest relief no longer applicable | |||||
| Income | - | Expenditure | = | Household Cash Flow | |
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| Total | - | = | |||
Landlord Guides and Tax Calculators
- What is a Buy-to-let Mortgage?
- How do buy to let mortgages work?
- Budgeting for a buy-to-let mortgage
- Who can get a buy-to-let mortgage?
- How much can I borrow on a buy-to-let mortgage?
- Understanding buy-to-let mortgages and tax
- Pros and Cons of buy-to-let mortgages
- How to compare mortgages
- How much will it cost to move?