Calculators
How Much Can I Borrow?
Get a quick estimate of how much you could borrow for a mortgage, based on your income, regular commitments and deposit. Then book a free, no-obligation consultation to find out what lenders would actually offer you.
Loan and car finance payments, credit card balances you pay off monthly, childcare and similar.
You could borrow around
£203,000
With your £30,000 deposit, that suggests a purchase price of about £233,000 (87% loan to value).
| Estimate | Borrowing |
|---|---|
| Lower estimate (4x) | £180,000 |
| Typical estimate (4.5x) | £203,000 |
| Some lenders, some applicants (5.5x) | £248,000 |
For illustration only. Based on £45,000 of yearly income after your commitments. Lenders make their own affordability assessment using your income, outgoings, credit history and the property, so the amount you can borrow may be higher or lower. Higher income multiples are only offered by some lenders to some applicants. This is not a mortgage offer.
Affordability
What affects how much you can borrow
Income multiples are a starting point. Before making an offer, lenders look at the whole picture.
| Your income | Basic salary counts in full. Bonus, overtime, commission and self-employed income are often averaged over one to three years, and some lenders only count part of it. |
|---|---|
| Your outgoings | Loans, car finance, credit cards, childcare and other regular costs reduce what a lender will offer, because they come out of the same monthly budget as the mortgage. |
| Your deposit | A bigger deposit lowers the loan to value, which can open up more lenders and better rates. Some lenders also allow higher income multiples at lower loan to values. |
| Your credit history | Missed payments, defaults or CCJs do not always rule out a mortgage, but they can narrow the choice of lenders and affect how much they will lend. |
Your home may be repossessed if you do not keep up repayments on your mortgage.
Borrowing questions, answered
Many lenders will lend around 4 to 4.5 times your annual income, less an allowance for your regular commitments. Some lenders go higher for some applicants, such as higher earners or certain professionals. The exact figure depends on each lender's affordability assessment.
No. It is a rough guide based on income multiples. A lender looks at your full income, outgoings, credit history, deposit and the property before making an offer, so the real figure may be higher or lower.
Yes. Most lenders add the incomes of everyone named on the mortgage together, then apply their income multiple and affordability checks to the total.
Paying down loans or credit cards, saving a larger deposit, choosing a longer mortgage term or finding a lender that suits how you earn can all help. We can look at your situation and explain which options are realistic for you.
No. The calculator runs in your browser and does not carry out a credit search. A lender will only search your credit file when you apply for an agreement in principle or a mortgage.