Before spending time completing an application, see if your client's request is likely to be successful. This calculator is a quick guide to affordability - but does not constitute an offer.
Click here to see which incomes TMW will include.
N.B. The affordability result is subject to underwriting and does not constitute a lending decision. To refer an affordability query to an underwriter, please call 0845 45 45 400 (option 3).
* Minimum income £20,000 single or joint
** Standard maximum loan amount: £350,000
† Please enter ongoing financial commitments e.g. monthly payments on credit/storecards, loans, child maintenance. (Exclude current mortgage and living expenses).
‡ Please input the appropriate revert to rate for the product required or initial interest rate whichever is the higher. Please refer to the current Product Guide [534 Kb].
TMW will include the following income:
100% of
-
Current basic income
-
Guaranteed overtime, bonus, commission or other contractual income
-
Pensions
-
Large town weighting allowance; car allowance; housing allowance
-
Income from permanent part time employment
-
Other permanent income
50% of
-
Regular overtime or bonus
-
Performance bonus
-
Shift allowance, call out allowances
-
Income from commission
-
Other income – individually assessed, including maintenance – evidence of the last six month period must be obtained and evidence that maintenance payments will continue for at least three years. Maintenance payments must be arranged via Child Support Agency (CSA) or Court Order.
x 1:
-
Income from permanent secondary employment
My TMW
TMW Online
My Tools
My Forms
|
| ||
