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.

Household Budget Calculator
Total Income:	0.00	+
Mortgage Interest:￫
Net Pay:￫
Spouse Net Pay:￫
Working Tax Credit:￫
Child Tax Credit:￫
Child Benefit:￫
Pension:￫
Savings:￫
Other Income:
Household Expenses:	0.00	+
Mortgage:￫
Rent:￫
Council Tax:￫
Electricity:￫
Gas:￫
Water:￫
Television Licence:￫
Paid Television:￫
Telephone:￫
Internet:￫
Mobile Phones:￫
Subscriptions:￫
Groceries:￫
Laundry / Dry:￫
Home Help:￫
Transport Expenses:	0.00	+
Fuel:￫
Road Tax:￫
Commuting Costs:￫
Parking Costs:￫
Finance Expenses:	0.00	+
Private Pension:￫
Regular Savings:￫
Investments:￫
Leisure Expenses:	0.00	+
Eating Out:￫
Takeaways:￫
Nights Out:￫
Nights In:￫
Cinema:￫
Holidays:￫
Sports:￫
Hobbies:￫
Insurance Expenses:	0.00	+
Buildings And Contents:￫
Car:￫
Personal:￫
Health:￫
Other:￫
Family Expenses:	0.00	+
Clothing:￫
Child Care:￫
Nursury Fees:￫
School Meals:￫
After School Clubs:￫
Activities:￫
https://www.icalculator.com/terminology/medical.html:
Dental:￫
Debt Expenses:	0.00	+
Credit Card One:￫
Credit Card Two:￫
Credit Card Three:￫
Personal Loans:￫
Child Maintenance:￫
Fines:￫

Landlord Budget Calculation Results (2016/17)
Mortgage Interest relief at 100%
	Income	-	Expenditure	=	Household Cash Flow
Total		-		=
Total Income:		-	Household Expenses: 0.00 Transport Expenses: 0.00 Finance Expenses: 0.00 Leisure Expenses: 0.00 Insurance Expenses: 0.00 Family Expenses: 0.00 Debt Expenses: 0.00	=	0.00

Pie chart showing breakdown of household budget

2017/18 Comparative Result
Mortgage Interest relief at 75%
	Income	-	Expenditure	=	Household Cash Flow
Total		-		=

2018/19 Comparative Result
Mortgage Interest relief at 50%
	Income	-	Expenditure	=	Household Cash Flow
Total		-		=

2019/20 Comparative Result
Mortgage Interest relief at 25%
	Income	-	Expenditure	=	Household Cash Flow
Total		-		=

2020/21 Comparative Result
Mortgage Interest relief no longer applicable
	Income	-	Expenditure	=	Household Cash Flow
Total		-		=

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