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Published 16 August 2022
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How Much Can I Borrow for a Mortgage?

Get an instant estimate of how much you could borrow to buy a home using our mortgage calculator. Add your details below to get started, or read on to learn more about mortgage affordability.

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Mortgage borrowing calculator

Use our mortgage calculator to discover how much you could potentially borrow to buy a house based on your income. Simply share details of your income – and your partner’s if applicable below – and get a mortgage estimate within minutes.

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What is a mortgage borrowing calculator?

A mortgage affordability calculator estimates how much a lender might lend you to buy a house, based on your income and the income of anyone else you are buying a home with if you are applying for a joint mortgage. However, it’s important to remember that a mortgage borrowing calculator only gives a rough estimate. A lender will also take into consideration how much deposit you have and your monthly outgoings when deciding how much you can borrow for a mortgage.

What information do I need for a mortgage borrowing calculator?

To use our mortgage affordability calculator, we’ll need to know your income. If you plan on applying for a joint mortgage, we’ll also need the income of the other person you’re buying with.

How many times my salary can I borrow for a mortgage?

Typically you can borrow up to 4.5 times your income for a mortgage. But this will vary depending on the lender and the type of mortgage. For instance, some deals offer 5.5 times your income or more if you earn above a certain income level or hold a specific job role. Speaking to an independent mortgage adviser could help you find mortgage deals that allow you to borrow more against your salary.

How do mortgage providers work out how much I can borrow?

Lenders have set rules for calculating how much mortgage you can afford to borrow. While this may vary slightly between mortgage providers, most will factor in these details:

Where can I find the best mortgage deals?

You can find the best mortgage deals by shopping around. Price comparison sites can help you find and compare mortgages and mortgage rates easily within minutes. Speaking to a mortgage adviser may help you access a wider range of deals.

» MORE: Best mortgage lenders    

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Dive even deeper

Holiday Let Mortgages: Buying a Holiday Home to Rent Out

Holiday Let Mortgages: Buying a Holiday Home to Rent Out

A holiday let mortgage is used to buy property to rent out to paying guests. Buying a holiday let home can provide you with an income stream and certain tax benefits if you follow the rules.

When Can You Remortgage?

When Can You Remortgage?

It’s possible to remortgage whenever and how often you like, but there may be charges if you remortgage before your current deal ends.

How Long Does a Remortgage Take?

How Long Does a Remortgage Take?

The remortgaging process may take one to two months if you’re switching to a new lender, and maybe less than a week if you stay with your current lender.

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