A new apartment is leasehold, and the mortgage is only part of what it costs each month. Set the price and mortgage, then the service charge and ground rent from the listing and your council tax, and see the total.
The mortgage payment plus the three charges that come with a leasehold home.
Most new houses are freehold with no ground rent, but many developments charge an estate management fee for private roads, green space and drainage that the council has not adopted. Ask the developer and enter it in the service charge line.
Yes. It is set each year from the actual and budgeted costs of the building, and first-year estimates on new developments are often low. Ask for the budget, the reserve fund policy and who manages the building before you reserve.
Lenders include it in their affordability check, so a high charge lowers what they will lend. Some also decline flats with escalating ground rents or very short leases; a peppercorn rent and a long lease on a new build avoid both.
Every home on ShowPage is new, with its price, move-in date and the developer's own contact details on the page.
The monthly repayment on a home from its price, your deposit, the term and the rate.
Calculate →The tax on your purchase in England, Scotland or Wales, band by band, with first-time buyer relief.
Calculate →Your income and deposit as the price of home you can look at, with the homes to match.
Calculate →Deposit, stamp duty and the fees in one figure: the cash you need on completion day.
Calculate →A mortgage payment next to the local rent for the same size of home, and what each buys.
Calculate →Gross and net yield from the price, the rent and the costs of letting a new build.
Calculate →