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How much can I borrow? Mortgage calculator

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A great place to start when thinking about buying a home, is finding out how much you may be able to borrow. You can use our 'how much I can borrow' mortgage calculator to get an idea of what we might lend to you. All you need to do is answer a few questions about your income and how much you spend.

While this isn’t a full mortgage affordability calculator and is only a guide, it'll help you plan ahead and understand what might be affordable for you before you apply. The amount shown is an estimate, not a guarantee, but whether you're a first time buyer, moving home or remortgaging, it can help you feel more confident as you explore your mortgage options.

1How many applicants?

2How many financial dependents do you have (i.e. Children)

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Financial dependants

Number of financial dependants (i.e. Children).
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Financial dependants

Number of financial dependants (i.e. Children).

3Income

?

Gross annual income

This is the amount you earn yearly before any deductions have taken place.
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Monthly net income

This is the amount you receive once any statutory deductions have been made.

Outgoings

?

Monthly loan or credit card repayments

These are any monthly payments on outstanding debt such as loans or credit cards.
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Other monthly expenditure

Please consider things like child care, child maintenance, education fees, existing insurance policies and private pensions.

3First applicant - Income

?

Gross annual income

This is the amount you earn yearly before any deductions have taken place.
?

Monthly net income

This is the amount you receive once any statutory deductions have been made.

First applicant - Outgoings

?

Monthly loan or credit card repayments

These are any monthly payments on outstanding debt such as loans or credit cards.
?

Other monthly expenditure

Please consider things like child care, child maintenance, education fees, existing insurance policies and private pensions.

Second applicant - Income

?

Gross annual income

This is the amount you earn yearly before any deductions have taken place.
?

Monthly income

This is your monthly net income (the amount you receive once any statutory deductions have been made).

Second applicant - Outgoings

?

Monthly loan or credit card repayments

These are any monthly payments on outstanding debt such as loans or credit cards.
?

Other monthly Expenditure

Please consider things like child care, child maintenance, education fees, existing insurance policies and private pensions.

4Mortgage term

?

Mortgage term

The term of your mortgage is the amount of years you would like your mortgage to last.

Please note: This information does not contain all the details you need to choose a mortgage. You'll need to get an Illustration before you decide. All figures provided by our 'How much can I borrow' mortgage calculator are an estimate only. Please get in touch with us to talk through your needs in more detail.

Understanding how much you can borrow

When you apply for a mortgage, lenders will assess how much you can borrow based on your affordability. That means, as well as your income and regular outgoings, they’ll also consider your deposit, any existing commitments like debts, and how changes to interest rates could affect your monthly payments. It’s all about making sure your repayments feel manageable for you, giving you peace of mind that you can afford the mortgage now and in the future.

You can read more about mortgage affordability and what lenders look at when approving your mortgage in our mortgage guides.

To get a better understanding of how much we may be able to lend to you, you’ll need to get a decision in principle.

Get a Decision in Principle

Get an idea of how much we could lend to you with a Decision in Principle (DIP). It won't affect your credit score.

Get a DIP

What is a Decision in Principle?

Common questions

Lenders don’t just look at your income and regular outgoings when they assess how much you can borrow. They also look at:

  • existing debts and bill payments e.g. credit cards and loans.
  • any other financial commitments e.g. childcare and commuting costs.
  • how much deposit or equity you have in your home.
  • your credit score.
  • how changes to interest rates could affect your monthly payments.

It’s about making sure your repayments feel manageable and comfortably fit into your life without stretching you too thin. This helps give you peace of mind that you can afford the mortgage not just today, but for years to come.

Our mortgage calculator can give you a rough idea of how much we’ll be able to lend to you. To get a more accurate figure, you’ll need to contact us and get a decision in principle.

No, our online mortgage calculator won’t affect your credit score. We don’t do any credit checks at this stage as the calculator just gives you an idea of what you could borrow. If you apply for a mortgage with us, we'll then do a full credit check, which may impact your score.

What is a credit score and how does it work?

There are a few things that lenders look at that will determine how much you can borrow for a mortgage, such as:

  • Your income
    Most lenders offer roughly 4 to 5 times your annual income.
  • Your outgoings
    Lenders want to check that there's enough room in your budget to afford the monthly mortgage payments.
  • Any existing debt
    Debt increases your outgoings and so the more debt you have, the less you'll be able to borrow.
  • Your credit score
    A good credit history can help you borrow more. It shows you're responsible with payments.
  • Deposit size
    The more you save, the better. A bigger deposit gives lenders more confidence.

Our mortgage calculator can give you a rough idea of how much we’ll be able to lend to you. To get a more accurate figure, you’ll need to contact us and get a decision in principle.

Now you've got an idea of what you might be able to borrow, it's time to check your eligibility and explore your mortgage options. When you're ready to apply, get in touch and one of our mortgage advisors will be able to talk you through what's next.

Contact us

Talk to a mortgage expert

Whether you have a question or are ready to take the next step, we're happy to help.

0345 241 3785

schedule 8:30am to 6:00pm Monday to Friday
schedule 8:30am to 12:30pm on Saturday

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