Self-Assessment – Age

What parameters are determining your loan tenure?

Part 1: Loan-to-valuation

Part 2: Your age & Income-weighted average age.

Part 1: Loan-to-Valuation

For residential property loan tenure, it is always factored with your Loan-to-valuation (LTV). 

In order not to confused the user, we only build in the logic, based on the assumption of maximum LTV. 

The maximum loan tenure for maximum LTV (75% of the purchase price), it is always till age of 65. 

Please engage our consultant for lesser LTV and Maximum loan calculation. 

Part 2: Your age & Income-weighted average age

For single borrower, you may just enter your age in the form field. If there are two or more borrowers, the income-weighted average age will be applied. 

Income-weighted average age formula:

Borrower 1: percentage of income contribution x age

Borrower 2: percentage of income contribution x age

Borrower 3: percentage of income contribution x age

……

Here is the example:

Income-weighted average age formula:

Borrower 1: percentage of income contribution x age

Borrower 2: percentage of income contribution x age

Borrower 3: percentage of income contribution x age

……

Here is the example:

We know the math may be tedious for some of the users, our consultants will be happy to assist you in calculating your maximum mortgage for multiple borrowers.