This calculator helps you work out how much mortgage you might be able to borrow based on your income.
Sometimes taking out a joint mortgage can increase the amount you can borrow, especially if you both have well-paid jobs. Our mortgage borrowing calculator will provide you with an approximation of how much you’re likely to be able to borrow but please remember this amount will vary from lender to lender and will also depend on things like your monthly credit commitments. It is important to understand how much you can afford so that you are comfortable with the payments, not just now but also in the long term.
There are a number of criteria that must be taken in to account when calculating exactly. These could include but are not limited to:
Your monthly outgoings or regular commitments
Whether your income is a basic salary or includes bonus, commision or overtime
Whether you are self employed
The amount of deposit you have
Your age and whether you are borrowing past your retirement date
The lender however has the final input in to determining how much you can borrow. Each lender has their own criteria and as a broker we are perfectly placed to match you to the right lender for your borrowing requirements.
The calculators do not have the final say in how much you can borrw, your repayments etc., but this is where our expertise and experience in the field come in to play. We can sometimes make available a higher borrowing by taking your personal circumstances in to account.
*all potential borrowing is subject to affordability checks and credit status.
