Mortgage Borrowing Calculator

Although each mortgage lender will have different income multiples, and some will work on affordability calculations instead of strict income multiples, the mortgage borrowing calculator below can be used as a general guide to how much you can borrow. You can input single applicant incomes or joint applicants incomes to see how the maximum amount is affected.

It is important to understand that any ongoing bank loan commitments and other financial liabilities that will remain in place when the new mortgage is up and running, will reduce the total amount that a lender will allow you to borrow.

If, however, you state your intentions to clear any other liabilities, then the lender accepts that you will do this and ignore them.

Use this mortgage borrowing calculator as a guide to the amount that can be borrowed on a mortgage
Income of Applicant 1
Annual Basic Salary	Ł
Guaranteed overtime/bonus	Ł
Income of Applicant 2
Annual Basic Salary	Ł
Guaranteed overtime/bonus	Ł

Mortgage Borrowing Range From
Use this link "Get a mortgage quote" to send your details to a mortgage broker to assess and get back to you with current interest rates, deals and costs. As a rule of thumb, if you want to borrow the larger amount above, then the number of lenders that will agree to this is going to be limited, whereas if you only want the smaller amount then most lenders will agree it (all other things being equal). The amounts above should only be viewed as a guide and there are other factors (size of deposit, credit history, length of current employment, professional status) which UK mortgage lenders take in to account in varying degrees, when deciding on how much they will lend to you.