BTL, Family BTL & Holiday Let Calculator

Step 1 of 6

Welcome to the BTL, Family BTL & Holiday Let Calculator

Tax Year 2024-25

Please fill out the required information accurately, and our calculator will provide you with a clear assessment of affordability. If you have any questions or need assistance, please reach out to our team.

Application Information

Broker Name(Required)

Date

Email(Required)

Please enter the email address you would like your affordability result to be sent to upon completion of the calculator.

Application Type

Applicant 1

Applicant Information

Applicant Name

Is the tax code and number known?(Required)

Tax Code Number

Please enter a number greater than or equal to 0.

Tax Code Letter

Is the applicant above state retirement age?

The retirement status of the applicant(s) must be completed to ensure that National Insurance contributions and tax is correctly deducted.

Yes

Primary Income

Basic Gross Salary

Please enter a number greater than or equal to 0.

Income Frequency

Self-Employed (Share of Net Profits)

Please enter a number greater than or equal to 0.

Income Frequency

Self-Employed (Dividends)

Please enter a number greater than or equal to 0.

Income Frequency

Monthly Guaranteed Shift Allowance

Please enter a number greater than or equal to 0.

Monthly Guaranteed Car Allowance

Please enter a number greater than or equal to 0.

Monthly Guaranteed Rent/Town Allowance

Please enter a number greater than or equal to 0.

2nd Job (Same Industry)

Please enter a number greater than or equal to 0.

Income Frequency

Annual BTL Rental Income (3 or More Properties)

Please enter a number greater than or equal to 0.

SA302 Figure

Secondary Income

Monthly Regular Overtime

Please enter a number greater than or equal to 0.

Monthly Regular Shift Allowance

Please enter a number greater than or equal to 0.

Regular Bonus/Commission

Please enter a number greater than or equal to 0.

Income Frequency

2nd Job (Different Industry)

Please enter a number greater than or equal to 0.

Income Frequency

Annual BTL Rental Income (2 or Less Properties)

Please enter a number greater than or equal to 0.

SA302 Figure

Annual Pension/Investment Income

Personal/Occupational Pension

Please enter a number greater than or equal to 0.

State Retirement Pension

Please enter a number greater than or equal to 0.

Investment/Trust Income

Please enter a number greater than or equal to 0.

Monthly Deductions Before Tax

Pension Contributions(Required)

Please enter a number greater than or equal to 0.

Childcare Vouchers

Please enter a number greater than or equal to 0.

Other

Please enter a number greater than or equal to 0.

Monthly Deductions After Tax

Student Loan

Please enter a number greater than or equal to 0.

Other Non-Taxable Deductions

Please enter a number greater than or equal to 0.

E.g. cycle purchase schemes, Sharesave, Save As You Earn (SAYE) & benefit purchases

Monthly Other Non-Taxable Income

Maintenance (by Court Order)

Please enter a number greater than or equal to 0.

Two years minimum

Maintenance (if not by Court Order)

Please enter a number greater than or equal to 0.

Two years minimum

Benefits (Evidence Required)

Please enter a number greater than or equal to 0.

Universal Credit (UC), Attendance Allowance (AA), Constant Attendance Allowance (CAA), Job Seekers Allowance (JSA), Pension Credit (PC) or Carers Allowance (CA)

Benefits (Evidence Required)

Please enter a number greater than or equal to 0.

Child Tax Credit (CTC), Personal independence Payment (PIP), Employment & Support Allowance (ESA), or Disability Living Allowance (DLA) Pension Credit (PC) Adult Disability Payment (ADP)

Child Benefit

Please enter a number greater than or equal to 0.

Working Tax Credit (WTC)

Please enter a number greater than or equal to 0.

Bursary (Evidence Required)

Please enter a number greater than or equal to 0.

Total of Other Income Sources

No tax will be deducted from this figure, and evidence of income will be required.

Hidden

Tax Year 2024-25

Salary & Dividend Tax Calculator

Hidden

NI Rate (Primary Threshold to Upper Earning Limit) - Annual

Please enter a number greater than or equal to 0.

Hidden

NI Rate (Above Upper Earnings Limit) - Annual

Please enter a number greater than or equal to 0.

Hidden

NI Rate (Primary Threshold to Upper Earning Limit) - Weekly %

Please enter a number greater than or equal to 0.

Hidden

NI Rate (Above Upper Earnings Limit) - Weekly %

Please enter a number greater than or equal to 0.

Hidden

NI Rate (Above Upper Earnings Limit) - Weekly

Hidden

NI Rate (Primary Threshold to Upper Earning Limit) - Weekly

Please enter a number greater than or equal to 0.

Hidden

Above Upper Earnings Limit - Primary Threshold to Upper Earning Limit

Hidden

Thresholds

Hidden

Tax Free Dividends

Please enter a number greater than or equal to 0.

Hidden

Basic Rate Limit

Please enter a number greater than or equal to 0.

Hidden

Higher Rate Limit

Please enter a number greater than or equal to 0.

Hidden

Additional Rate

Please enter a number greater than or equal to 0.

Hidden

TAKE HOME PAY CALCULATOR ----------------------- ADMIN VIEW ONLY

Hidden

Salary

Hidden

Dividends

Hidden

Total

Hidden

Personal Allowance

Please enter a number greater than or equal to 0.

Hidden

Allowance Reduction Threshold

Please enter a number greater than or equal to 0.

Hidden

Personal Allowance Reduction

Hidden

Applicable Personal Allowance

Hidden

Allowance is Zero From

Hidden

Total Annual Income inc. Dividends

Hidden

Annual Salary/Self-Employed Income

Minus pension income

Hidden

Deductions: National Insurance

Hidden

National Insurance Calculation

Hidden

NIC Income Basic

Hidden

NIC Income Higher

Hidden

Allowance

Hidden

Basic Rate

Hidden

Higher Rate

Hidden

Additional Rate

Hidden

Total: Allowance + Basic Rate + Higher Rate + Additional Rate

Hidden

Deductions: Salary Tax

Hidden

Tax Income Basic

Hidden

Tax Income Higher

Hidden

Tax Income Highest

Hidden

Deductions: Dividends

Hidden

Allowance for Dividend Calculation

Hidden

Dividend Allowance

Hidden

Dividend Basic Rate

Hidden

Dividend Higher Rate

Hidden

Dividend Additional Rate

Hidden

Dividend Tax Totals (Including Tax Free Dividend Allowance)

Hidden

Deductions

Hidden

National Insurance

Hidden

Salary Tax

Hidden

Dividend Tax

Hidden

Other Deductions After Tax

Hidden

Total Deductions

Net Income

Annual Net Income

Monthly Net Income

Hidden

Allowance Admin

Hidden

Allowance if Tax Code Used

Hidden

Allowance for Calculation

Would you like to add a second applicant?

Yes

Applicant 2

Applicant Information

Applicant Name

Is the tax code and number known?(Required)

Tax Code Number

Please enter a number greater than or equal to 0.

Tax Code Letter

Is the applicant above state retirement age?

The retirement status of the applicant(s) must be completed to ensure that National Insurance contributions and tax is correctly deducted.

Yes

Primary Income

Basic Gross Salary

Please enter a number greater than or equal to 0.

Income Frequency

Self-Employed (Share of Net Profits)

Please enter a number greater than or equal to 0.

Income Frequency

Self-Employed (Dividends)

Please enter a number greater than or equal to 0.

Income Frequency

Monthly Guaranteed Shift Allowance

Please enter a number greater than or equal to 0.

Monthly Guaranteed Car Allowance

Please enter a number greater than or equal to 0.

Monthly Guaranteed Rent Allowance/Town Allowance

Please enter a number greater than or equal to 0.

2nd Job (Same Industry)

Please enter a number greater than or equal to 0.

Income Frequency

Annual BTL Rental Income (3 or More Properties)

Please enter a number greater than or equal to 0.

SA302 Figure

Secondary Income

Monthly Regular Overtime

Please enter a number greater than or equal to 0.

Monthly Regular Shift Allowance

Please enter a number greater than or equal to 0.

Regular Bonus/Commission

Please enter a number greater than or equal to 0.

Income Frequency

2nd Job (Different Industry)

Please enter a number greater than or equal to 0.

Income Frequency

Annual BTL Rental Income (2 or Less Properties)

Please enter a number greater than or equal to 0.

SA302 Figure

Annual Pension/Investment Income

Personal/Occupational Pension

Please enter a number greater than or equal to 0.

State Retirement Pension

Please enter a number greater than or equal to 0.

Investment/Trust Income

Please enter a number greater than or equal to 0.

Monthly Deductions Before Tax

Pension Contributions(Required)

Please enter a number greater than or equal to 0.

Childcare Vouchers

Please enter a number greater than or equal to 0.

Other

Please enter a number greater than or equal to 0.

Monthly Deductions After Tax

Student Loan

Please enter a number greater than or equal to 0.

Other Non-Taxable Deductions

Please enter a number greater than or equal to 0.

E.g. cycle purchase schemes, Sharesave, Save As You Earn (SAYE) & benefit purchases

Monthly Other Non-Taxable Income

Maintenance (if by Court Order)

Two years minimum

Maintenance (if not by Court Order)

Two years minimum

Benefits (Evidence Required)

Universal Credit (UC), Attendance Allowance (AA), Constant Attendance Allowance (CAA), Job Seekers Allowance (JSA), Pension Credit (PC) or Carers Allowance (CA)

Benefits (Evidence Required)

Child Tax Credit (CTC), Personal independence Payment (PIP), Employment & Support Allowance (ESA), Disability Living Allowance (DLA), Pension Credit (PC) or Adult Disability Payment (ADP)

Child Benefit

Working Tax Credit (WTC)

Bursary (Evidence Required)

Total of Other Income Sources

No tax will be deducted from this figure, and evidence of income will be required.

Hidden

Tax Year 2024-2025

Salary & Dividend Tax Calculator

Hidden

NI Rate (Primary Threshold to Upper Earning Limit) - Annual

Please enter a number greater than or equal to 0.

Hidden

NI Rate (Above Upper Earnings Limit) - Annual

Please enter a number greater than or equal to 0.

Hidden

NI Rate (Primary Threshold to Upper Earning Limit) - Weekly %

Please enter a number greater than or equal to 0.

Hidden

NI Rate (Above Upper Earnings Limit) - Weekly %

Please enter a number greater than or equal to 0.

Hidden

NI Rate (Above Upper Earnings Limit) - Weekly

Hidden

NI Rate (Primary Threshold to Upper Earning Limit) - Weekly

Please enter a number greater than or equal to 0.

Hidden

Above Upper Earnings Limit - Primary Threshold to Upper Earning Limit

Hidden

Thresholds

Hidden

Tax Free Dividends

Please enter a number greater than or equal to 0.

Hidden

Basic Rate Limit

Please enter a number greater than or equal to 0.

Hidden

Higher Rate Limit

Please enter a number greater than or equal to 0.

Hidden

Additional Rate

Please enter a number greater than or equal to 0.

Hidden

TAKE HOME PAY CALCULATOR ----------------------- ADMIN VIEW ONLY

Hidden

Salary

Hidden

Dividends

Hidden

Total

Hidden

Personal Allowance

Please enter a number greater than or equal to 0.

Hidden

Allowance Reduction Threshold

Please enter a number greater than or equal to 0.

Hidden

Personal Allowance Reduction

Hidden

Applicable Personal Allowance

Hidden

Allowance is Zero From

Hidden

Total Annual Income inc. Dividends

Hidden

Annual Salary/Self-Employed Income

Minus pension income

Hidden

Deductions: National Insurance

Hidden

NIC Income Basic

Hidden

NIC Income Higher

Hidden

Allowance

Hidden

Basic Rate

Hidden

Higher Rate

Hidden

Additional Rate

Hidden

Total: Allowance + Basic Rate + Higher Rate + Additional Rate

Hidden

Deductions: Salary Tax

Hidden

Tax Income Basic

Hidden

Tax Income Higher

Hidden

Tax Income Highest

Hidden

National Insurance Calculation

Hidden

Deductions: Dividends

Hidden

Allowance for Dividend Calculation

Hidden

Dividend Allowance

Hidden

Dividend Basic Rate

Hidden

Dividend Higher Rate

Hidden

Dividend Additional Rate

Hidden

Dividend Tax Totals (Including Tax Free Dividend Allowance)

Hidden

Deductions

Hidden

National Insurance

Hidden

Salary Tax

Hidden

Dividend Tax

Hidden

Other Deductions After Tax

Hidden

Total Deductions

Net Income

Annual Net Income

Monthly Net Income

Hidden

Allowance Admin

Hidden

Allowance if Tax Code Used

Hidden

Allowance for Calculation

Hidden

Combined Net Income

Hidden

Combined Annual Net Income

Hidden

Combined Monthly Net Income

Committed Monthly Expenditure

Existing Residential Mortgage Commitment

Please enter a number greater than or equal to 0.

Loans & Hire Purchase Payments

Please enter a number greater than or equal to 0.

Hidden

Interest Rate (%)

Credit Card Balance

Please enter a number greater than or equal to 0.

Monthly Credit Card Expenditure (3% Interest Rate)

Court Agreed Child Maintenance Payments

Please enter a number greater than or equal to 0.

Own Lease, Maintenance, Ground Rent & Service Charges

Please enter a number greater than or equal to 0.

Interest-Only Repayment Strategy

Please enter a number greater than or equal to 0.

Hidden

Total Committed Expenditure - Monthly

Hidden

Total Committed Expenditure - Annual

Household Size

The household size must be selected from the dropdown options before proceeding. Please ensure that the number of adults matches the number of applicants you have added.

Number of Adults(Required)

Please enter a number greater than or equal to 0.

Number of Children(Required)

Please enter a number greater than or equal to 0.

Hidden

How Many Applicants are Retired?

Are All Applicants Retired?

Monthly Expenditure

Basic Essential Expenditure & Quality of Living Costs

Would you like to use ONS data?

If 'Yes' is selected, the fields will be automatically populated with ONS expenditure data, which can be over-typed.

Food & Drink

Clothing

Utilities (Gas, Electricity & Water)

Household Goods & Repairs

Health

Personal Transport (inc. Car Insurance)

Communication (inc. Mobile Phone)

Recreation

Council Tax(Required)

Please enter a number greater than or equal to 0.

Holidays

Please enter a number greater than or equal to 0.

Home & Protection Insurance Premiums

Please enter a number greater than or equal to 0.

Personal Goods (e.g. Luxury Toiletries)

Please enter a number greater than or equal to 0.

Hidden

Affordability Totals

Total Monthly Expenditure

Total Annual Expenditure

Hidden

Annual Budget Summary

Hidden

Total Annual Income After Tax

Hidden

Total Annual Spending

Hidden

Total Left Over

Hidden

Personal Income

Hidden

Disposable Monthly Income

Ability to Meet Monthly Mortgage Repayments

Is this a holiday let mortgage?(Required)

Yes

BTL Landlord prior to 1st January 2017?

From January 1st, 2017, BTLs are under PRA regulation. BTLs initiated before this date are exempt unless additional borrowing occurs. However, the Society only exempts pre-existing Loughborough Building Society BTLs. Remortgage cases are assessed similarly to new BTL mortgages.

Expected Annual Gross Rental Income(Required)

Expected Monthly Gross Rental Income(Required)

Which tax band does the applicant fall into?(Required)

Hidden

Applicant 1: Annual Income Before Deductions

Hidden

Applicant 2: Annual Income Before Deductions

Hidden

Applicant 1: Highest Rate of Tax Applicable

Hidden

Applicant 2: Highest Rate of Tax Applicable

Hidden

Highest Rate of Tax Applicable

Hidden

ADMIN EDIT - LANDLORD COSTS: BASIC RATE

Hidden

ADMIN EDIT - LANDLORD COSTS: HIGHER RATE

Hidden

ADMIN EDIT - LANDLORD COSTS: ADDITIONAL RATE

Hidden

Rate of Tax Applied to Profits (%)

Rate of tax applied to profits based on income entered

Holiday Let: Tax applied to profits at Basic Rate

Gross rental coverage of stressed payment must be 130% or greater

Gross rental coverage of stressed payment must be 165% or greater

Ability to Support Stressed CMS

Hidden

Gross Monthly Rental Income

Hidden

90% Net Disposable Monthly Income

Hidden

Monthly CMS at Stress Rate

ICR (Interest Coverage Ratio) at Stress Rate (%)

The gross rental income must cover at least 130% (basic rate taxpayers) or 165% (higher rate taxpayers) of the mortgage payment at the stress rate, as per the Society's criteria. If the gross rental income is insufficient, it can be supplemented with 90% of the net disposable monthly income.

ICR Including Income at Stress Rate (%)

Hidden

ICR Applied

Hidden

Is ICR at Stress Rate >=ICR Applied?

1 is Yes 2 is No

Affordability Result

Affordability Results

On Gross Rental Income: Pass

On Gross Rental Income: Fail

Hidden

MAIN: Is ICR incl. Income at Stress Rate >=ICR Applied?

1 is Yes 2 is No

On Combined Gross Rental Income Plus 90% of Disposable Income: Pass

On Combined Gross Rental Income Plus 90% of Disposable Income: Fail

Hidden

Rate Applied to Loan

Maximum Loan Achievable Based on Rental Calculation

If you require assistance with this calculator or if you have any other queries, please ring our Intermediary Team on 01509 631953.

BTL, Family BTL & Holiday Let Calculator

Welcome to the BTL, Family BTL & Holiday Let Calculator

Tax Year 2024-25

Application Information

Applicant 1

Applicant Information

Primary Income

Secondary Income

Annual Pension/Investment Income

Monthly Deductions Before Tax

Monthly Deductions After Tax

Monthly Other Non-Taxable Income

Tax Year 2024-25

Thresholds

TAKE HOME PAY CALCULATOR ----------------------- ADMIN VIEW ONLY

Deductions: National Insurance

Deductions: Salary Tax

Deductions: Dividends

Deductions

Net Income

Allowance Admin

Applicant 2

Applicant Information

Primary Income

Secondary Income

Annual Pension/Investment Income

Monthly Deductions Before Tax

Monthly Deductions After Tax

Monthly Other Non-Taxable Income

Tax Year 2024-2025

Thresholds

TAKE HOME PAY CALCULATOR ----------------------- ADMIN VIEW ONLY

Deductions: National Insurance

Deductions: Salary Tax

Deductions: Dividends

Deductions

Net Income

Allowance Admin

Combined Net Income

Committed Monthly Expenditure

Household Size

Monthly Expenditure

Affordability Totals

Loan Details

Capital Repayment

Interest-Only

Loan Totals

Loan Totals

Annual Budget Summary

Personal Income

Ability to Meet Monthly Mortgage Repayments

Ability to Support Stressed CMS

Affordability Result

Affordability Results