Please note that, depending on the area, average local rents may be a lower or higher proportion of average wages. This calculator is intended as a guide only, and should not be the main basis for your decision to let to a particular tenant or tenants.
The Buy to Let rent affordability calculator is to work out how affordable the rent you charge will be for your prospective tenant. This calculator is based on the notion that an 'affordable' rent should be about 35% or less of your tenant's take-home pay.
If you have more than one tenant, enter their combined wages into the field provided. (If you are renting to sharer tenants on separate tenancy agreements, work out each rent separately.) When you click ‘calculate’, you will be presented with an affordable monthly rent for your tenant or tenants.
Calculate your monthly repayments for an interest only or capital repayment Buy to let mortgage.Load this calculator
Calculate how much rent you need to charge based upon the size of your monthly mortgage interest payments.Load this calculator
Use our free tax calculator to get an estimate of how much tax you may need to pay on rental income for the year.Load this calculator
Establish if you will achieve a profitable return on investment from property purchase with our yield calculator.Load this calculator
Most landlords need to pay extra stamp duty land tax (SDLT) on buy-to-let property acquisitions. Use our stamp duty calculator to find out how much you need to pay.Load this calculator
For buy-to-let investors, an LTV calculator can be an invaluable tool to check the ratio between the value of their property and the debt secured against it.Load this calculator