Work out how much cash you'd actually free up by selling your current home, after the mortgage balance and the costs of selling are taken out.
| Home value | £0 |
|---|---|
| Less: mortgage balance | £0 |
| Less: estate agent fee | £0 |
| Less: conveyancing / legal costs | £0 |
| Less: early repayment charge | £0 |
| Net equity released | £0 |
| Plus: cash savings added | £0 |
This figure is your starting deposit, not your full budget — you'll also owe Stamp Duty on the property you're buying, plus a fresh set of buying costs on the way in. Once you know what you've got to put down, run it through the affordability calculator to see what that deposit actually means for your new borrowing power.
This calculator is illustrative only and does not constitute financial advice. Always confirm figures with a lender, broker or HMRC before making a decision.
Property Pundit UK