True Cost of Ownership

You've budgeted for the deposit, stamp duty and legal fees. Here's what owning the home costs on top of your mortgage — the costs that don't appear in the brochure.

Ownership typically adds £200–£700/month on top of the mortgage payment
Do you know your monthly mortgage payment?

Your mortgage

Capital and interest combined

Your property

Recurring ownership costs costs a renter doesn't pay

Your landlord pays this — as an owner it's your responsibility
Auto-set by property type — adjust if you know better
Saving for: boiler ~£3k, roof ~£8–15k, rewire ~£5–10k, windows ~£5–8k. Your landlord absorbs these as a renter.
Fencing, gutters, driveways, landscaping — owner's responsibility

Year one reality check optional — tick if you've just moved or are about to

Your mortgage payment
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+
Ownership adds per month
—
costs you don't pay as a renter
=
True monthly cost of ownership
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—
What makes up the extra
Buildings insurance—
Maintenance & repairs—
Major works reserve—
Garden & exterior—
Not included — you'd pay these renting too Council tax, gas & electricity, water, broadband, contents insurance. These are household costs, not ownership costs. This tool shows only what ownership adds on top.
What this means Enter your details above.
For illustrative purposes only. Not financial advice.
Speak to an independent adviser before major decisions.