Mortgage Calculators BTL

<% dim rotate, repayment2, intonly2, rent, term, rate, loan, deposit, value, intonly, repayment, rest, loanformat, rentformat, rentvoid, repaymentvoid, intonlyvoid, valuefall, newLTV rotate=rotate*1 If Request.QueryString("Button1")<>"" then rotate = Request.QueryString("rotate") rotate=rotate+1 if rotate = 4 then rotate = 1 end if rest = 12 rent = Request.QueryString("rent") if rent = "" then rent= 0 end if term = Request.QueryString("term") if term = "" then term= 0.001 end if rate = Request.QueryString("rate") if rate = "" then rate = 0 end if rentformat = FormatCurrency(rent,2) loan = rent/rate/1.30*1200 loanformat = FormatCurrency(loan,2) value = FormatCurrency(loan/.85,2) deposit = FormatCurrency(value-loan,2) intonly = FormatCurrency(loan*rate/100/rest,2) repayment = FormatCurrency(pmt(rate/rest/100,term*rest,-loan,0),2) 'rate, period, present value,future value, type repayment2 = FormatCurrency(pmt((rate+1)/rest/100,term*rest,-loan,0),2) 'rate, period, present value,future value, type intonly2 = FormatCurrency(loan*(rate+1)/100/rest,2) rentvoid = FormatCurrency(rent*3,2) repaymentvoid = FormatCurrency(repayment*3,2) intonlyvoid = FormatCurrency(intonly*3,2) valuefall = FormatCurrency(value*.9,2) newLTV = FormatNumber(loan/valueFall*100,2) End if %>

Interest Rate
Buy to let lenders typically have interest rates in the region of 6%-7% with varying arrangement fees. Use a rate between these values to get an idea of the amount you could borrow

Rental Income
The amount of income that a surveyor, instructed by the lender, says a property might generate each month. Contact a lettings agency or estate agent to get an indication of what this might be.

<% If Request.QueryString("Button1")<>"" then %>

If the rent is <%response.write(rentformat)%>pm then borrowings of <%response.write(loanformat)%> may be possible.

Purchase Price = <%response.write(value)%>
Deposit: <%response.write(deposit)%>
Interest Only Payments: <%response.write(intonly)%>pm.
For comparison purposes, a repayment mortgage would cost <%response.write(repayment)%>pm.

<% End if If Request.QueryString("Button1")<>"" and rotate = 1 then %>

No tenant for 3 months?
I'll have to pay the mortgage (<%response.write(intonlyvoid)%>) and lose rent of <%response.write(rentvoid)%>.
Can I afford that?

` <% End if If Request.QueryString("Button1")<>"" and rotate = 2 then %>