Mortgage Calculator

 

Mortgage Calculator for New Build Homes

If you’re not sure what you can afford, don’t worry. Use our mortgage calculator to find out how much you could possibly borrow.

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Thanks to our easy-to-use mortgage calculator, you can find out how much your monthly mortgage repayments could be based on the interest rate and chosen loan period.

In order to get the most accurate results from the mortgage calculator, it's important to consider how much deposit you have available, taking into consideration other property purchase costs.

Once you have worked this out, use the sliding scale to enter this amount and then the value of the property. This will indicate the size of the mortgage which you will require.

 

Mortgage calculator:

House Value

£300,000

Deposit Amount

£15,000

Mortgage required

£285,000

Loan to value

95%

Typical Monthly Repayments:

Years

25

Interest Rate

3%

Monthly repayment

£1,352

Mortgage required:

£300,000

Interest rate:

3%

Monthly repayments

£1,352

How to use our new build mortgage repayment calculator

Based on the mortgage amount you will be borrowing, you can now find out what your monthly repayments will be online. This figure will be prepopulated from the results previously entered but is also dependent upon the number of years the repayment is made and the interest rate. These factors can be amended by moving the sliding scale.

It is worth considering how much repayment you will comfortably be able to afford, so you do not try to stretch your funds too far and make sure your budget allows for other eventualities.

It takes just a few clicks to see how much you can borrow and how much your mortgage might cost.

Step-by-step guide

1. Enter your house value and deposit
The first step is to enter your house value and how much you can afford to pay towards your deposit.

2. Enter your repayment terms
To get an accurate idea of how much you will be paying each month, select over how many years you want to pay off your mortgage. The older you are, the lower the number of years you should select. You will also need to enter an interest rate. As of July 2021, the average mortgage rate is between 2-3%.

3. Complete!
Now you’ll be left with a figure for your monthly repayments.

Expert help and advice from Bovis Homes

Here at Bovis Homes, we have a few ways in which we can help you move into your dream home. First-time buyers can move in with just a 5% deposit using the government-backed Help to Buy scheme.

Alternatively, if you have a property to sell, we’ll help you sell your old property quickly by dealing with the estate agents on your behalf and even pay their fees when your house is sold with our Smooth Move package.

Using our Home Exchange scheme will see us buy your property at market value, meaning there are no last minute ‘drop-outs’ and you avoid estate agent fees. We also have exclusive help available for members of the Armed Forces.

For more help, advice and guidance, get in touch with our team today.

More ways we can help you move

Help to Buy

Are you a first-time buyer? Buy today with just 5% deposit, and 75% mortgage using the government backed scheme.

Home Exchange

Do you have a home to sell before you can buy one of ours? We could be your guaranteed buyer with Home Exchange.

Smooth Move

Looking for a Bovis Home but have to sell first? With Smooth Move we can sell it for you, to save you the hassle.

Introduce a friend

Know someone who’d love a new Bovis Home? Introduce a friend and we’ll give you £500* when they buy from us.

Help to Buy

Are you a first-time buyer? Buy today with just 5% deposit, and 75% mortgage using the government backed scheme.

Home Exchange

Do you have a home to sell before you can buy one of ours? We could be your guaranteed buyer with Home Exchange.

Smooth Move

Looking for a Bovis Home but have to sell first? With Smooth Move we can sell it for you, to save you the hassle.

Introduce a friend

Know someone who’d love a new Bovis Home? Introduce a friend and we’ll give you £500* when they buy from us.

Still haven't found what you're looking for?

Terms & Conditions: Please note that all options will be dependent on the specification for your new home, and availability is according to key build stages. All options and extras will require 50% upfront payment at time of ordering. The final balance must be paid before completion and will not be refunded in case of home purchase cancellation.

All images are used for illustrative purposes only and are representative only. They may not be the same as the actual home you purchase and the specification may differ. Images may be of a slightly different model of home and may include optional upgrades and extras which involve additional cost. Individual features such as windows, brick, carpets, paint and other material colours may vary and also the specification of fittings may vary. Any furnishings and furniture are not included in any sale. Please check with our sales consultants for details of the exact specifications available at the development(s) for each type of home and the associated prices.