Mortgage Calculator for NHS Staff

How it is worked out

1. 1Repayments use the standard formula lenders use: the loan is paid off in equal monthly amounts over the term, with interest charged on the balance each month.
2. 2Overpayments go straight off the balance, which cuts the interest you pay and can shorten the term.
3. 3Stamp duty is worked out slice by slice using the England and Northern Ireland bands, with first-time buyer relief on homes up to £500,000.
4. 4The borrowing estimate multiplies your income by 4 to 5 times, which is where most lenders start before their own checks.

Worth knowing

• Rates change often. Use the rate you have been offered, or check the lender's own website.
• Scotland and Wales have their own property taxes (LBTT and LTT), which are not covered here.
• Some lenders offer schemes for key workers, including NHS staff. Ask the lender or a mortgage adviser.

Sources

The rules and figures behind this calculator come from:

• ↗MoneyHelper: How much can you afford to borrow for a mortgage?
• ↗Bank of England: Bank Rate
• ↗GOV.UK: Stamp Duty Land Tax residential rates

Results are estimates for Agenda for Change staff in England using 2026/27 figures. They are not financial advice. Your payslip, employer or NHS Pensions statement has the final word.