Our savings calculator will help you work out how much, or for how long, you’d need to save to reach a set amount.
If you are trying to save for something specific, perhaps for a deposit on a house or a holiday or card our online savings calculator can help you work out what you need to put away each month. It works in 2 ways, either fill in all the details apart from the term, and we’ll tell you how long it will take to reach your goal, or fill in all the details apart from the monthly investment and we’ll tell you how much you need to save each month to get there.
There are a number of criteria that must be taken in to account when calculating exactly. These could include but are not limited to:
Your monthly outgoings or regular commitments
Whether your income is a basic salary or includes bonus, commision or overtime
Whether you are self employed
The amount of deposit you have
Your age and whether you are borrowing past your retirement date
The lender however has the final input in to determining how much you can borrow. Each lender has their own criteria and as a broker we are perfectly placed to match you to the right lender for your borrowing requirements.
The calculators do not have the final say in how much you can borrw, your repayments etc., but this is where our expertise and experience in the field come in to play. We can sometimes make available a higher borrowing by taking your personal circumstances in to account.
*all potential borrowing is subject to affordability checks and credit status.
