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Left To Live

Left to Live Flow

A Left to Live is a mortgage calculation before or in conjunction with applying for a loan. This calculation considers a series of parameters to evaluate if the requested loan amount is acceptable giving the expected life costs, helping to ensure that an applicant won't take a loan that becomes a strain on their personal finances.

A Left to Live request is sent with some information about the applicant, like income, family size, other accommodations, etc. The result is a rating that represents how well the requested loan fits with their given situation:

  • if the returned rate is positive, then the applicant can take the requested loan amount
  • on the other hand, a negative value presents a loan that is considered an excessive financial burden (in this case a new loan amount is proposed, considering the applicant's situation)

As of Q2 2022, cost of cars is included in the calculation, read more in the cost of cars section.

Response examples

Given the wide range of situations that can be expressed by a Left to Live calculation, here are some possible responses:

  • a calculation with positive outcome (observe the success and loan_amount_adjusted fields):
    { "debt_ratio": 1.7547, "left_to_live_value": 29912, "left_to_live_budget": 13200, "loans": [ { "loan_amount": 1175000, "interest_rate": 6.0000, "amortisation_amount": 0, "loan_type": "consumer_credit", "loan_cost": 5875 } ], "requested_loan_amount": 1175000, "success": true, "left_to_live_original_result": 16712, "left_to_live_result": 16712, "accepted_loan_amount": 1175000, "loan_amount_adjusted": false }
  • a calculation with positive outcome by means of a reduction of the offered loan compared to the requested amount (observe the success, loan_amount_adjusted, requested_loan_amount and loans[].loan_amount fields):
    { "debt_ratio": 2.2452, "left_to_live_value": 13224, "left_to_live_budget": 13200, "loans": [ { "loan_amount": 695218, "interest_rate": 6.0000, "amortisation_amount": 0, "loan_type": "consumer_credit", "loan_cost": 3476 } ], "requested_loan_amount": 1175000, "success": true, "left_to_live_original_result": -1656, "left_to_live_result": 24, "accepted_loan_amount": 695218, "loan_amount_adjusted": true }
  • a calculation with positive outcome by means of including a private loan to cover part of the original requested loan amount (observe the success, loan_amount_adjusted and loans[].loan_type fields):
    { "debt_ratio": 1.4787, "left_to_live_value": 41814, "left_to_live_budget": 13200, "loans": [ { "loan_amount": 1700000, "interest_rate": 6.0000, "amortisation_amount": 1666, "loan_type": "consumer_credit", "loan_cost": 1917 }, { "loan_amount": 200000, "interest_rate": 11.5000, "amortisation_amount": 0, "loan_type": "blanco_loan", "loan_cost": 0 } ], "requested_loan_amount": 1900000, "success": true, "left_to_live_original_result": 28614, "left_to_live_result": 28614, "accepted_loan_amount": 1900000, "loan_amount_adjusted": false }
  • a calculation with negative outcome, due to a customer having unfavourable financial situation where not even the minimum loan amount is offered by SBAB (observe the success and error_message fields):
    { "debt_ratio": 0, "left_to_live_value": 0, "left_to_live_budget": 0, "loans": [], "requested_loan_amount": 1175000, "success": false, "error_message": "Max loan amount is less than 200000 which is minimum amount that can be lent out by SBAB", "left_to_live_original_result": -9303, "left_to_live_result": 0, "accepted_loan_amount": 0, "loan_amount_adjusted": true }
  • a failure (HTTP 400) by requesting a loan amount to collateral value ratio above the bank's limts:
    [ { "message": "Loan Amount too high compared to Collateral Value. Maximum ratio is 95%, calculated loan distribution values: mortgage amount: 1700000 blanco amount: 200000 non approved amount: 100000", "property_path": "LoanAmount", "error_code": "Loan ratio is too high", "invalid_value": "LoanAmount: 1900000, CollateralValue: 2000000" } ]