Back | How it Works

Securing an excellent mortgage offer with Revolution Finance Brokers couldn't be easier

1Get in Touch

Complete a quick form to give us an overview of your mortgage or financing requirements, and we'll provide recommendations about the best opportunities for you.

2Submit Your Application

Once you've chosen your preferred mortgage deal, we'll steer you through the paperwork with comprehensive application management from start to finish.

3Mortgage Completion

Revolution Finance Brokers will finalise the details and enable you to move forward without delay!

Get Started

Back | About

About

Back | Insurance

Business Protection Insurance

Life Insurance

Building Insurance

Home Insurance

Mortgage Repayment Protection

Family Income Benefit

Critical Illness Cover

Back | Calculators

Commercial Stamp Duty

How Much Can I Borrow?

Buy To Let

Bridging Loan

Residential & Commercial Bridging

Mortgage Repayment

Development Finance

Commercial Mortgage

Back | Your Mortgage Position

Your Mortgage Position

Bad Credit

Bridging

Buy to Let

Development Finance

Self Employed

Mortgage for professionals

Lifetime Mortgages

Expat mortgages

Interest Only

Mortgage Affordability

Mortgage Application

Income Types

Residential Mortgages

Commercial Mortgages

Property Types

Remortgages

First Time Buyers

Mortgage Declined

Offset Mortgage

Other

Back|Bad Credit

Bad Credit Mortgages

Mortgage for Applicants with Bad Credit

Mortgage with Defaults on Your Credit

Buy to Let Mortgage With Bad Credit

Finding a Mortgage with Poor Credit

Mortgage Interest Rates with Bad Credit

Mortgage After Repossession

Getting a Mortgage After Payday Loans

Avoiding Repossession

Subprime Mortgages

Mortgage with a CCJ

Mortgage with Credit Card Debts

Adverse Credit Mortgage Online

Self-Employed Mortgage with Bad Credit

Shared Ownership Mortgage with Adverse Credit

Right to Buy as a Bad Credit Applicant

Commercial Mortgages for Bad Credit Borrowers

Deposit Requirements for Bad Credit Mortgages

Finding a Mortgage Offer After Rental Arrears

How Can I Repair my Credit Score to Get a Mortgage?

How Does the Help to Buy Scheme Work for Bad Credit Applicants?

How to Decipher Your UK Credit Reports

How to Secure a Bad Credit Buy to Let Mortgage

Is it Possible to Find a Mortgage After Bankruptcy?

How to Qualify for a Mortgage with Zero Credit Score

Joint Mortgage Applicant Has Bad Credit

Are There Mortgage Options After a Debt Management Plan?

Are There Mortgage Options After a Debt Relief Order?

Back|Bridging

Bridging Finances

Auction Finance

Fast Bridging Finance

Low-Cost Bridging Loans

Bridging Loans Guide

Bridging Loans for Residential Homes

Bridging Loan at 100% Loan to Value?

Commercial Bridging Finance

Bridging Loan with Adverse Credit

Fast Bridging Finance

Financing a Property Purchase at Auction

Finding Regional UK Bridging Loans

Financing an Auction Property Purchase

Bridging Finance for Land Developments

Long & Short Term Bridging Finance

Bridging Finance on Rental Investments

UK Bridge to Let Mortgage Borrowing

Using Bridging Finance for Development Projects

Back|Buy to Let

Buy to lets

Buy To Let Mortgages for Expats

Buy To Let Refurbishment Mortgages

Buy to Let Interest-Only Mortgages

Changing Your Mortgage to Buy to Let

Mortgages for Buy to Sell Investments

Company Mortgages for SPVs

Stamp Duty for Buy to Let

HMO Finance

LTD Company Property Finance

Holiday Let Mortgages

Holiday Let Mortgages 80 LTV

Repayment Mortgage for Buy to Let

Buy To Let Mortgages For New Builds

Buy to Let Mortgages Guide for Investors

Buy To Let Mortgage With Poor Credit

Let to Buy

BTL UK Portfolio Mortgages

Portfolio Landlord Mortgages

Property Refurbishment Finance

Best Buy to Let Mortgages: 75% LTV

Buy to let 80% LTV Mortgages

Buy to Let Remortgage

Securing BTL Mortgage Quotes & BTL Agreement

Buy to Let Mortgages for First Time Buyers

Buy To Let Mortgages For Retiree Landlords

Back|Development Finance

Development Finance

Development Finance Explained

Guide to Construction Finance

Development Exit Finance

Why Location Matters in Development Finance Applications

Development Finance for Residential Properties

Finance a Property Development with No Deposit

Development Finance Applications

Development Finance ROI

Checklist of Considerations before you Develop Your First Propertyce

Development Finance FAQs

Lender Criteria for Development Finance

Back|Self Employed

Self Employed Mortgages

Company Director Mortgages

Mortgages for LLPs

BTL Mortgage If You Are Self Employed

Self-Employed Mortgage After 2 Yrs Accounts

Mortgages For Newly Self Employed

Mortgage for Partnerships & Sole Traders

Mortgages for Self-Employed Accountants

Back|Mortgage for Professionals

Mortgages for UK Professionals

Foster Carer Mortgages

Mortgages For Armed Personnel

Mortgages for Doctors

Mortgages for Graduates

Mortgage for Teachers

Mortgages for Solicitors, Barristers & Lawyers

Mortgages For Social Workers

Back|Lifetime Mortgages

Lifetime Mortgages

Equity Release With & Without Mortgage

Equity Release with a Mortgage

Interest-Only Equity Release Mortgages

Home Reversion in Equity Release Financing

Analysing Equity Release Product Safety

Equity Release as a Retirement Strategy

Repaying an Equity Release Mortgage Early

Back|Expat Mortgage

Expat Mortgages for UK Nationals

Expat Remortgages for UK Nationals

Finding a UK Mortgage Broker as an Expat

Buy To Let Mortgages for UK Expats

Mortgage Calculator Guide for Expats

Back|Interest Only

Interest Only Mortgages

Switching Your Mortgage to Interest-Only

Part Repayment & Interest-Only Mortgages

Repayment vs Interest-Only Mortgages

Interest-Only Mortgage for First-Time Buyers

Secured Interest-Only Home Loans

Interest-Only Retirement Mortgages

Interest-Only Lifetime Mortgages

Repayment Vehicles for Interest Only Mortgages

Back|Mortgage Affordability

Mortgage on 5.5 x Salary

Mortgage on a Single Income

Mortgage with an Overdraft

Mortgages on 4 - 4.5 x Salary

Mortgage based on Salary

Mortgage on a Single Income

Requirements for a £350,000 Mortgage

Mortgages at 6 x Income

Affordability Check for a Mortgage Application

How Do Mortgage Affordability Checks Work?

Back|Mortgage Application

Mortgages for Individuals

Friends or Family Members

VISA Mortgages

Foreign National Mortgage

Multiple Applicant Mortgages

Single Parent Mortgage

Mortgage Application Process

Mortgage Agreement in Principle

Joint Applicant, Sole Proprietor Mortgages

Single Parent Mortgage

Joint Mortgage Applications

Rejected Mortgage Application

Back|Income Types

Mortgage with Non-Mainstream Income

Mortgage on a Temporary Work Contract

Mortgage on a Zero Hours Contract

Mortgages for Part-Time Workers

Mortgage Applications Based on Pension Income

Mortgage Options for Gambling Income

Mortgages for Freelancers & Self-employed

Mortgages for Contractors with Variable Income

Mortgages for Agency Staff Employed Through an Umbrella Company

Back|Residential Mortgages

Residential Finance

Moving Home

Consumer Buy to Let Mortgages

Specialist Mortgages

Second Charge Mortgage Brokers

Offset Mortgages

Shared Ownership Mortgages

Self-Build Mortgages

Regional First-Time Buyer Mortgages

Interest Only Mortgages

Tier 2 Visas Mortgages

Mortgages at 95% Loan to Value

Back|Commercial Mortgages

Commercial Property Finances

Commercial Mortgages

Property Investment Finance

Commercial Remortgages

Semi Commercial Mortgage

Interest Only Commercial Mortgages

Mortgages For Flats Above Shops

Mortgaging Land Purchases

Portfolio Landlord Mortgages

Mortgages with Bad Credit

Mortgages for Land Investments

Mortgages for Pub Businesses

Large Commercial Mortgage

Bridging Loans for Commercial Mortgages

Mortgages for Large Investments

Commercial Mortgages for B&Bs

Mortgages for Dental Practices

Mortgages for Pharmacies

Remortgaging Commercial Property

Care Home Commercial Mortgages

Second Charge Mortgages

Business Through Mortgage Lending

Deposits on Commercial Mortgages

Hotel Mortgages

Affordability Criteria in Commercial Mortgages

Pros & Cons of Commercial Mortgages

Buy to Let Mortgages for Businesses

Mortgage Terms on Commercial Lending

Asset Finance & Working Capital

Unsecured Business Loans

Business Expansion Finance

Invoice Finance

Partnership Buyout Finance

Hire Purchase

Lease Purchase

Back|Property Types

Mortgage Rates on New Constructions

Timber Framed House Mortgages

Home with Identified Asbestos

Mortgage on a Maisonette

Property with a Deed of Covenant

Mortgages on Non-Standard Developments

Mortgages on Single Brick Properties

Eco-Friendly Home Mortgages

Ex-Local Authority Flat

Flying Freehold Mortgage

Thatched Roof Property

Flat Mortgages for High Rises

Studio Flat Mortgage

Mortgage on a Home with a Flat Roof

Mortgage Survey Undervalues Your Property

Properties in Flood Risk Areas

Mortgage Lending on Homes with Annexes

Steel Framed House Mortgages

Mortgages for Concrete Properties

Mortgages for Leasehold Properties

Mortgaging a Cottage Property

Mortgage for below Market Value

Repossession Property Purchase

Planning Permission for British Properties

Mortgage on a Home Adjacent to Commercial Properties

Back|Remortgages

Back|Mortgage Declined

How To Deal With Having A Mortgage Declined On Affordability

Finding a Solution When You Have Had a Mortgage Declined Post-Valuation

Help for Homebuyers Who Have Had a Mortgage Declined After Agreement in Principle

Tips and Advice on Proceeding If You Get Declined for a Mortgage After Exchanging Contracts

What to Do if You Have Had a Mortgage Application Declined

Back|First Time Buyers

First Time Buyers

Deposit Requirements

First Time Buyer Guarantor Mortgages

Applying for a First-Time Buyer Mortgage

Finding a First Time Buyer Mortgage With a 5% Deposit

First-Time Buyer Stamp Duty and Mortgage Costs

Back|Offset Mortgages

UK Offset Mortgages

What is a Flexible Mortgage - And Who is It Best Suited To?

Offset Mortgages Rated - Pros and Cons

Average Rates on UK Offset Mortgages

What Are Cashback Mortgages - and How Do They Work?

How To Find the Lowest Fixed Rates on Offset Mortgages

Is a UK Current Account Mortgage Right For You?

Guide to Offset Mortgage Online Calculators

How Family Offset Mortgages Work

Mortgage Reserves - How an Offset Works

Back|Other Mortgages

Second Charge Mortgages Brokers

Applying for a Mortgage With a New Job

Mortgages for Uninhabitable Property Purchases

Can I Mortgage a Contaminated Land Investment?

Can I Mortgage a Listed Grade Two Property?

Can I Get a Mortgage While on Maternity Leave from Work?

How Does a Public Footpath Impact My Mortgage Chances?

How Many Mortgage Products Can I Have Simultaneously?

What Deposit Sources are Acceptable in the UK?

What Sort of Homeowner Loan Am I Eligible For?

Complete Guide to the UK Mortgage Process

How Can a Broker Improve My Mortgage Eligibility Assessment?

Mortgage Calculator for Help to Buy Borrowing

Free Help to Buy mortgage calculator to support UK applicants understand their borrowing limits, available financing, and anticipated monthly mortgage repayments.

Let’s Get Started Ask a question

Discover What Our Customers

Have to Say!

Almas Uddin

Founder and Mortgage Advisor

2023-05-09

Mortgage Calculator for Help to Buy Borrowing

Help to Buy equity loans are available only for new-builds, and there are lots of calculators online. The problem is that nearly all calculators will return a different result because they can only be based on averages and estimates.

While a calculator is useful to get a rough idea about what you might be able to borrow, or what your monthly repayments might be, they are never entirely accurate.

Calculators can also cause confusion since they cannot consider whether you meet the lender's eligibility criteria. That can cause issues if you proceed with an application, only to find you do not meet them - and rack up credit checks on your credit file that diminish your chances of approval elsewhere.

Here we'll run through how calculators work, and what information they use. For more detailed quotes and help to find a Help to Buy lender, give the Revolution Brokers team a call on 0330 304 3040, or email us at [email protected].

Which Help to Buy Mortgage Calculators are Best?

You can find several mortgage calculators on the Revolution Brokers calculator pages - but again, these are only useful for a rough indication.

Enter the details about how much you need to borrow, how much deposit you have, and how much you earn, and you'll get an idea about the maximum mortgage you might be able to secure.

Already Interested, Let’s Get Started!

The following

topics are

covered below

How Can I Calculate my Maximum Help to Buy Mortgage Value?

How Does the Interest Calculation Work on a Help to Buy Loan?

How Do the Calculations for Help to Buy Loan Repayments Work?

How Do Lenders Calculate UK Help to Buy Mortgages?

How Does my Credit Rating Impact my Help to Buy Application?

Professional Help to Buy Mortgage Advice

Show less

Why Revolution Brokers?

Whole of market brokers

Mortgage that suits you

On time customer support

How Can I Calculate my Maximum Help to Buy Mortgage Value?

Generally, UK lenders offer mortgages up to 4.5 times your annual salary.

The below table gives you an idea about how much mortgage you can borrow, assuming you have the minimum 5% deposit required. For this illustration, we have used a 3% interest rate.

Value of the property	5% deposit	20% Help to Buy loan	Mortgage required
£100,000	£5,000	£20,000	£75,000
£150,000	£7,500	£30,000	£112,500
£200,000	£10,000	£40,000	£150,000
£250,000	£12,500	£50,000	£187,500

How Does the Interest Calculation Work on a Help to Buy Loan?

Your Help to Buy equity loan is interest-free for the first five years. After that, interest is charged at 1.75%.

The interest rate increases each year, based on the Retail Price Index plus 1%.

As an example, the below table shows the interest payable on the loan each year, on a property purchase of £200,000 with a 20% equity loan of £40,000, based on an RPI of 5%:

Year	Interest rate RPI + 1%	Annual interest cost
Years 0-5	0%	£0
Year 6	1.75%	£700
Year 7	1.86%	£744
Year 8	1.97%	£788
Year 9	2.08%	£832
Year 10	2.21%	£840

Remember that this is the interest payable on only the equity loan - the capital remains outstanding, and this does not include your mortgage repayments.

As an example, if you take out a £200,000 mortgage, in year seven your equity loan will cost £744 per year in interest, in addition to your monthly mortgage costs of £711.

How Do the Calculations for Help to Buy Loan Repayments Work?

You can repay the Help to Buy loan at any time, or need to repay the full balance if you sell the home.

Part payments mean that you gradually buy back the equity shares until you own all of the property. This reduces your interest charges and is called staircasing.

If you are interested in paying back the equity loan in this way:

You need to keep up with the mortgage repayments.
Each payment towards the capital of the equity loan must be at least 10% of the property value.
Some lenders have other criteria around staircasing payments.
When you want to make a repayment, you will need to cover the valuation costs of an independent survey.

As your property value grows, so too does the value of the equity share owned by the government.

If you need support with budgeting for buying back equity shares, or to understand the long-term costs against a typical mortgage product, give us a call on 0330 304 3040.

How Do Lenders Calculate UK Help to Buy Mortgages?

The rates are different in different regions of the UK, and work like this:

Region	Deposit required	Maximum equity loan	Mortgage required
Scotland	5%	Up to 15%	Deposit + mortgage must make up 85% of the property value.
Wales	5%	20%	75%
Midlands	5%	20%	75%
South England	5%	20%	75%
South East England	5%	20%	75%
London	5%	40%	55%
North England	5%	20%	75%
North West England	5%	20%	75%
Yorkshire	5%	20%	75%

How Does my Credit Rating Impact my Help to Buy Application?

It can be harder to find a Help to Buy mortgage with bad credit, and the interest rates quoted may be higher.

Some lenders do not accept any applicants with bad credit, but specialist lenders can usually help.

If you are in this situation, give us a call, and we'll advise on the best bad credit lenders who can offer the Help to Buy mortgage you would like.

Professional Help to Buy Mortgage Advice

The key is always to work with an experienced broker who understands your circumstances. We can signpost your application to a lender we know is likely to accept your application, and be willing to offer competitive lending terms.

As a whole-of-market broker, mortgage advisors can recommend any product from across the market that we think is ideal for you, and provide accurate calculations to help you understand exactly what you can borrow, and what it is going to cost.

Give us a call on 0330 304 3040, or email the team at [email protected] for more information.

Almas Uddin

Founder and Mortgage Advisor

Explore Our Presence

Securing an excellent mortgage offer with Revolution Finance
Brokers couldn't be easier:

Revolution Mortgage Brokers:100% 100%

Independent & Whole-of-Market

As specialist mortgage brokers for a huge variety of applicants, the whole-of-market consultants at Revolution provide access to an exceptional range of lenders, products and mortgage deals. That means you get the advantage of professional negotiation and broker-exclusives through an established lending network to ensure we always find you the most competitive mortgage available.

About our whole market brokers

Refer, Relax

andget £50

If you refer a friend for a mortgage or anytype of finance you’ll both receive £25 each when their new application successfully completes.

Know more!

We are proud
members of the:

FCA disclaimer

The content included in our articles, blogs, web pages and news publications is based on information accurate at the time of writing. Note that policies and criteria can change regularly throughout the UK mortgage lending market, and it remains essential to contact the consultation team to receive up to date guidance. The information included on the Revolution Brokers site is not bespoke to any circumstances or individual application scenarios and therefore is not intended to be used as financial advice. The content we share is designed to be informative and helpful but cannot be relied upon to provide individual advice relevant to your mortgage requirements. All Revolution team members are fully qualified, trained and experienced to provide mortgage advice of an independent nature.

We collaborate with lenders and providers who are regulated, authorised and registered with the Financial Conduct Authority (FCA). Should you require specific mortgage borrowing types, some products such as buy to let mortgages may not be FCA regulated. The Revolution team can provide further information about regulated and unregulated lending as required. Please remember that a mortgage is a debt which is secured against your home or property. Your home can be at risk of repossession if you do not keep up with the repayments or encounter any other difficulties in managing your mortgage borrowing responsibly. This also applies to any remortgage or home loan secured against your property, including equity release products.

Ask the Expert

Mortgage Brokers

Revolution Mortgage Brokers understands that mortgages can be complex and confusing! Ask us any question you might have, and one of our skilled consultants will come back to you as quickly as possible.

Get Started Call 0330 304 3040 Mon - Fri: 9am - 6pm

Find out more about us

Mortgage Calculator for Help to Buy Borrowing

Discover What Our Customers

Mortgage Calculator for Help to Buy Borrowing

Which Help to Buy Mortgage Calculators are Best?

How Can I Calculate my Maximum Help to Buy Mortgage Value?

How Does the Interest Calculation Work on a Help to Buy Loan?

How Do the Calculations for Help to Buy Loan Repayments Work?

How Do Lenders Calculate UK Help to Buy Mortgages?

How Does my Credit Rating Impact my Help to Buy Application?

Professional Help to Buy Mortgage Advice

Whole of market brokers

Mortgage that suits you

On time customer support

How Can I Calculate my Maximum Help to Buy Mortgage Value?

How Does the Interest Calculation Work on a Help to Buy Loan?