Question 1

How does this 100% LTV calculator work?

Accepted Answer

The calculator compares all five UK lenders offering genuine 100% LTV mortgages side by side: Skipton Building Society (Track Record, Delayed Start, and Shared Ownership variants), Hanley Economic, Melton Building Society, April Mortgages, and Metro Bank's Joint Borrower Sole Proprietor product. For each lender it applies the specific Loan-to-Income (LTI) multiplier, minimum and maximum loan size, and rent-based affordability cap, then returns an indicative monthly payment using the standard capital and interest annuity formula.

Question 2

Which lenders and products are included?

Accepted Answer

The calculator covers every product family currently active in the UK 100% LTV market:
- Skipton Track Record (TM080) at 5.65% (5-year fix)
- Skipton Delayed Start (TA021-TA023 / TB021-TB023) from 5.70% (5-year fix)
- Skipton Shared Ownership Track Record (ST029) at 5.90% (5-year fix)
- Hanley Economic Rent to Own (MFD675) at 6.73% (5-year fix)
- Melton Building Society (GF004) at 6.15% (5-year fix)
- April Mortgages at 6.70% (10-year fix) and 6.90% (15-year fix)
- Metro Bank JBSP (R09214) at 6.99% (5-year fix)
Rates were last checked on 27 August 2026. They can change at any time - even on the same day - and products can be withdrawn without notice, so always confirm the current rate with the lender or your mortgage adviser before relying on it.

Question 3

What inputs do I need to use the calculator?

Accepted Answer

You need four numbers: the property purchase price, your gross annual household income, the mortgage term in years, and your current monthly rent. Current rent is essential because Skipton and Hanley both cap your new mortgage payment as a multiple of your existing rent payments.

Question 4

Why does my current rent matter so much?

Accepted Answer

Hanley Economic caps your new monthly mortgage payment at 133% of your current rent. Skipton's equivalent rule is a ceiling rather than an entitlement: in some circumstances it will lend up to 150% of the mean average rent over the last six months, but affordability and its 4.49x income cap still govern the outcome, so do not assume 150% is automatic. This rent-based test sits alongside the income multiple, so the lower of the two figures becomes your true maximum borrowing. Melton, April Mortgages and Metro Bank do not use this rule, which is why they can be useful for buyers living rent-free with family.

Question 5

How is maximum borrowing actually calculated?

Accepted Answer

Skipton and April Mortgages both apply a flat 4.49x LTI multiplier on gross annual income, Metro Bank applies 4.45x to the combined income of up to four applicants, and Hanley and Melton use manual underwriting with their own affordability models. Melton publishes no income multiple at all, so the figure the calculator shows for Melton is our estimate rather than a lender rule. The calculator takes the lower of the LTI cap and the rent cap (where applicable) to give you a realistic maximum loan figure per lender.

Question 6

What does the calculator NOT capture?

Accepted Answer

This is an indicative tool and deliberately keeps inputs simple. It does not assess: credit history, defaults, CCJs or missed payments; existing debts such as credit cards, loans, car finance or student loans; complex employment income like self-employed accounts, bonus, commission, contractor day rates or limited company dividends; number of dependants and childcare costs; or any non-standard property factors. A real lender decision will weigh all of these.

Question 7

Are the rates shown an offer of a mortgage?

Accepted Answer

No. The rates and monthly payments are illustrative only and based on publicly available product information at the date shown. They are not a personal quotation, agreement in principle, or offer of a mortgage contract. Pricing, criteria and availability can change at any time without notice.

Question 8

How do I get a real decision based on my circumstances?

Accepted Answer

Book a free consultation with one of our advisers. As an FCA regulated independent broker we can run a full affordability assessment, soft-search your credit file with the relevant lender, package your application correctly, and submit it on your behalf. Most 100% LTV applications need careful packaging because the lenders manually underwrite them.

Question 9

How often is the calculator updated?

Accepted Answer

We update lender rates, LTI multipliers and product criteria whenever a lender publishes a change, typically within 24 to 48 hours. The 'last updated' date at the bottom of the page reflects the most recent review. For applications going to offer right now we always re-verify pricing directly with the lender on the day.

Question 10

Can I overpay on a 100% LTV mortgage?

Accepted Answer

Generally yes. Skipton, Hanley and Melton allow up to 10% annual overpayments without an early repayment charge during the fixed-rate period, and April allows unlimited overpayments with no charge at all. Metro Bank has not published overpayment terms for its Joint Borrower Sole Proprietor product, so check with the lender. Overpaying brings down your LTV quickly, which means at remortgage you can typically access far cheaper rates from the wider 90% and 85% LTV market.

Question 11

What if my income is below a lender's minimum?

Accepted Answer

Each lender sets a minimum income threshold (for example Hanley Economic requires £25,000 minimum). If you are below the threshold for one lender the calculator will still show what the others would offer, so you can see which 100% LTV route remains open to you.

Question 12

Is the income figure my gross salary or net take-home?

Accepted Answer

Always gross annual income before tax and National Insurance. This matches the way every UK mortgage lender assesses affordability. Include basic salary plus any guaranteed allowances. Variable income (bonus, commission, overtime) is treated differently by each lender, so for a complete picture please speak to an adviser.

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