Over 55s Calculator
Let's see how much it will cost
The decision that the calculator gives you is a guide only, and not the full application assessment that takes place. This means that the decision this calculator gives you and our final decision may vary.
What is the value of the property you want to move to?
Co-Ownership's current property value limit is £190,000
What is the current value of your own home?
How much is left to pay on your existing mortgage? If you have paid off your mortgage please insert £0.
If you are planning to pay off any existing credit arrangements from the proceeds of your house sales, please state the amount.
What is the total savings or lump sum amount you can put towards the purchase you want to move to?
With Co-Own for Over 55s you can retain up to £25,000 of savings. How much of your total savings do you plan to keep?
Any savings over £25,000 must be put towards the purchase of your new home.
Your contribution to your new property is
We have deducted £5,000 from the sale proceeds for sale expenses.
Here's your results!
Your contribution towards your new property
£110,000.00
Share percentage
60%
Monthly Co-Ownership rent
£145.83
This calculator is a tool for you if you hope to buy a home through Co-Own for Over 55s. The figures and shares calculated are only a guide, a full assessment of your application will take place before we can issue an Approval in Principle. All Co-Own for Over 55s applications are subject to terms and conditions and full assessment. We have deducted £5,000 from the sale proceeds for sale expenses. You should not put your home on the market on the market or agree it for sale until you have received your Approval in Principle.
Here's your results!
Based on the information you have provided, it would appear that you do not currently meet the criteria for Co-Own for Over 55s.
We recommend that you give us a call on 028 9032 7276 to discuss your circumstances further.
This calculator is a tool for you if you hope to buy a home through Co-Own for Over 55s. The figures and shares calculated are only a guide, a full assessment of your application will take place before we can issue an Approval in Principle. All Co-Own for Over 55s applications are subject to terms and conditions and full assessment. We have deducted £5,000 from the sale proceeds for sale expenses. You should not put your home on the market on the market or agree it for sale until you have received your Approval in Principle.