Example Calculator

Use the calculator below to create an example of what you may be able to afford under the Armed Forces Home Ownership Scheme.

Type in your annual salary, this will automatically be multiplied by 3.5, which is the average mortgage multiple for this scheme (this can range between 3x and 4x).

Type in the amount of savings you will be putting in as a deposit (remember to retain at least £3,000 for solicitors fees, moving costs etc).

Type in the amount of Long Service Advance of Pay (LSAP) you will be using.

The calculator will then display your probable mortgage, based on the average mortgage multiple, and your possible maximum purchase price assuming the maximum AFHOS Equity Loan was awarded.

Your Salary*
Amount of Savings you have for a Deposit (remember to retain at least £3,000 for fees etc)
Amount of LSAP
Your Mortgage
Your possible maximum purchase price (this assumes a maximum AFHOS Equity Loan)^§

* Please note this calculator does not take into account any outstanding loans or credit cards you may currently have - these would reduce the mortgage you could achieve

^§ The AFHOS Equity Loan will be calculated taking into account your expectations in terms of purchase price, your salary and available deposit, and will not necessarily be the maximum of £75,000

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