Budget
calculator
Get an idea of how much it could cost using rent to buy.
I want to know my budget
I have a home in mind
Where do you want to live?
Annual household income
(pre tax)
(pre tax)
£45,000
Desired lease length
5 years
Like what you see?
Get started with Keyzy
Get started with Keyzy
How does this calculator work?
How is my maximum budget calculated?
It's based on your income and where you want to live. We want to make sure it's something you could afford, and is not capped at four and half times your income like traditional mortgage lenders. You can apply for a budget in principle to get an idea of how much you could spend. After you’ve completed a full application we’ll review your circumstances in detail and give you an updated budget which could be higher or lower than before.
Can I add my savings as a deposit?
Keyzy is a zero deposit solution. If you have savings, you can keep them and keep growing them. When it's time to buy the home from us you can use your savings to increase your deposit.
How are my monthly payments calculated?
Your monthly payments are based on several factors; the value of the home, typical rental amounts in your area for similar properties, plus the fact that we fix your rent for up to 7 years unlike traditional landlords. Also, an additional 25% of your monthly payments are converted into reducing the future buy-back price you pay for the home later on.
How do you calculate the future buy-back price?
Your future buy-back price will be made up of the locked-in price (the price we paid to buy plus stamp duty, legal fees and all costs related to the purchase) and then reduced by your accumulated converted payments. If you choose to buy the home before the lease ends, the buy-back price might be higher as you won't have accumulated as much in converted payments.
Are there any hidden fees?
- No, there are no hidden fees when you buy a home with Keyzy. We charge an up front survey and valuation fee of £999 when you have an offer accepted on your chosen home.
- We also charge a £1,999 product fee before you get your keys and move in.
- There is a 2% early exit fee if you buy your home from us before the end of your agreed lease. There’s a 2% early exit fee if you chose to sell the home to another buyer.
- Your monthly payments stay the same for the full duration of your lease. No increases.
Are the calculator numbers guaranteed for me?
No. The calculator numbers are our best estimates based on the information you have entered. To get a full budget in principle you will need to complete the Keyzy application form.
How does Keyzy make money?
Simple, we make money from your monthly rent. You keep your converted payments and any gain in the property value, if there is one, when it's time to buy the home from us later on.
