Mortgage affordability: how much can you borrow?
We're all about making sure you're on the right mortgage for your circumstances, and part of that is assessing your affordability.
When you start looking for a mortgage, one of the main things you need to know is how much you can borrow. Lenders will do their own assessments of your finances, but why not go in prepared? Using our mortgage affordability calculator, you can get ahead of the curve.
Alternatively, see all mortgage calculators.
How does it work?
Enter in a few details about you income and outgoings along with some property information. We’ll search through a pool of over 50 lenders to find an estimate of your mortgage affordability. See what the highest, most likely and lowest amounts that you may be able to afford.
There's no credit checks required.
You'll then have the option to contact an adviser.
What you'll need:
In order to give you an accurate estimate of the mortgage you can afford, you'll need to know the following:
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Property and location information
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Deposit
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Income
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Monthly outgoings
One of the easiest ways to note your expenses is to have a copy of your monthly expenditures on hand. These will be things like, loans, car or phone finances, credit cards or even childcare costs.
When you're ready, try out the calculator below!