Affordability

Plumlife and its partner organisations will use the affordability calculators below to assess what size shares their purchasers can look to purchase

The Homes and Communities Agency have worked to provide these calculators based on individual financial circumstances and availability of mortgage products

 

LHBA Headline Calculator North 

Shared Ownership Affordability Assessment

Equity Loan Affordability Assessment

 

For more information on these calculators please contact the Plumlife HomeBuy team on 0161 447 5050 

Helping you make the most of your money

The Money Advice Service

 

Whatever the situation with your finances, it’s good to know you’re on top of things and are making the most of what you have.

 

The Money Advice Service is here to help. It offers clear and unbiased money advice and information to help you make the most of your money, whatever your circumstances – and it’s free.

 

About the Money Advice Service

 

The Money Advice Service is independent and unbiased so it won’t recommend any particular products or try to sell you anything.  It was set up by government and is funded by a levy on the financial services industry. 

 

You can access their services in three ways:

 

Online – www.moneyadviceservice.org.uk

 

 

The HCA believes everyone proposing to buy their own home and obtain a mortgage should be aware of what they are taking on, and what they can afford. 

 

You should also have continued support after purchasing and the Money Advice service can offer that support by providing you with the tools to assess your financial health on an on going basis, work out priority payments such as your mortgage, and obtain help and support if your circumstances change and you need some extra advice.

 

The tools available through The Money advice service can also help purchasers if you are thinking of staircasing or paying back you second charge or just want to reassess your situation.   

 

For further details and to find a link to the Money Advice health check tool, click on the link below.

https://healthcheck.moneyadviceservice.org.uk/