Mortgage Affordability Calculator

Work out what you could afford and how much your monthly mortgage payments might be. Use our free calculator to plan your home purchase or remortgage.

How to Use Our Mortgage Calculator

Enter your annual income and deposit amount to see how much you could potentially borrow. Our calculator uses a standard 5x income multiplier and considers minimum deposit requirements to give you an estimate of your maximum property value.

What Affects How Much You Can Borrow?

• Your income - Lenders typically offer 4-5.5 times your annual salary
• Your deposit - A larger deposit means you can access better rates and borrow more
• Your credit score - A good credit history helps you access the best deals
• Your outgoings - Existing debts and commitments affect affordability
• Property type - Some property types may have lending restrictions
• Employment status - Employed applicants are typically easier to assess than self-employed

Mortgage Calculator FAQs

How accurate is a mortgage calculator?

Our calculator provides a useful estimate based on standard lending criteria. The actual amount you can borrow depends on individual lender assessments, your credit history, and other personal factors.

What deposit do I need?

Most lenders require a minimum 5% deposit for residential properties and 25% for buy-to-let. A larger deposit typically gives you access to better interest rates.