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Mortgage affordability

Mortgage affordability calculator

Use this calculator to estimate how much you could borrow and your potential property budget. It uses your income and deposit as a guide. Lenders will also consider your regular outgoings and personal circumstances.

Your details

How are you applying?

Choose whether you are applying on your own or with someone else.

Are all applicants first-time buyers?

Select Yes only if everyone applying is buying their first home. Eligible applicants may also see a potential enhanced estimate.

Enter your gross yearly income before tax, in whole pounds.

Enter the amount you have available towards the property purchase, in whole pounds. Leave blank to exclude a deposit.

Your results

Enter your annual income, then select Calculate borrowing to see your estimate.

Important information

These figures are indicative income-multiple estimates and are not a mortgage offer or formal affordability assessment. Mortgage lenders will also consider your expenditure, debts, credit history, deposit, employment circumstances, chosen property and mortgage term.

Your next steps

Use these tools to budget for property tax, estimate monthly repayments and explore mortgage rates as you plan your purchase.

STAMP DUTY

Allow for your property purchase tax

See how much you could borrow and whether you may qualify for a mortgage.

Calculate stamp duty →

REPAYMENTS

Estimate your monthly mortgage repayments

See how the amount you borrow, interest rate and mortgage term affect your monthly repayments.

Calculate repayments →

MORTGAGE RATES

Compare current mortgage rates and fees

Compare mortgage rates and product fees as you plan your borrowing. The options available will depend on your circumstances.

Compare mortgage rates →

Want help with your mortgage options?

Not sure what your affordability estimate means for you? Our advisers can compare options across 100+ lenders and help you understand what could work for your circumstances.

Speak to a mortgage adviser

Your questions answered

A mortgage affordability calculator gives you an indication of how much you could potentially borrow based on the income you enter.

Our calculator also combines your borrowing estimate with your deposit to show an estimated property budget and loan-to-value (LTV). These figures are only a guide and are not a mortgage offer or formal affordability assessment.

Your estimate depends on your income, whether you are applying alone or jointly, and whether all applicants are first-time buyers.

For most applicants, the standard estimate is based on 4.5 times your gross annual household income.

Some applicants may see a different estimate:

  • Sole first-time buyers earning £30,000 or more may also see potential enhanced borrowing of up to 6 times their income.
  • Joint first-time buyers with a combined income of £50,000 or more may also see potential enhanced borrowing of up to 6 times their combined income.
  • Joint applicants who are not all first-time buyers and have a combined income of £100,000 or more may see a standard estimate based on 5.5 times their combined income.

These figures are indicative only. The amount you can actually borrow will depend on the lender’s affordability, credit and eligibility checks.

Some first-time buyers may potentially be able to borrow more through selected mortgage products.

The calculator shows an enhanced figure where all applicants are first-time buyers and either a sole applicant earns at least £30,000 a year, or joint applicants have a combined income of at least £50,000 a year.

The enhanced amount is shown separately from your standard borrowing estimate. It does not mean you will necessarily be able to borrow that amount, and any mortgage remains subject to the lender’s full affordability, credit and eligibility checks.

Mortgage lenders look at more than your income when deciding how much you could borrow.

They may also consider your regular expenditure, existing debts, credit history, deposit, employment circumstances, mortgage term and the property you want to buy.

Different lenders use different affordability and eligibility criteria, which means the amount you may be able to borrow can vary between lenders.

In this calculator, your deposit does not change the income-based borrowing estimate. Instead, it is added to your estimated mortgage amount to show your estimated property budget.

Your deposit also affects the loan-to-value (LTV) shown by the calculator. In practice, lenders will consider your deposit alongside your income, expenditure and other circumstances when assessing a mortgage application.

No. An affordability calculator gives you an indicative estimate based on the information you enter. It is not a mortgage offer or formal affordability assessment.

An Agreement in Principle is a separate step that gives you a more personalised indication of how much you may be able to borrow.

 

Your home may be repossessed if you do not keep up repayments on your mortgage.