How much could you borrow?

Our easy to use calculators will help you to figure out what you could comfortably afford to borrow from a mortgage lender.

Get an idea of the size of mortgage you could afford:

Based on your annual income

Based on a fixed monthly payment

Working out what you can afford

It’s important to understand the costs involved with borrowing, so you’re not stretching yourself too thin.

Sorting out your finances

You’ve found a property you like, now find out what you need to do to make a successful offer.

Finding and choosing a mortgage

Once you have found the property you want you need to make sure you get the right mortgage for you. There are two ways to get a mortgage, the first is through a mortgage advisor and the other is through a lender like a bank or building society.

Understanding the different mortgage types

Selecting a mortgage is a difficult decision that you’ll need to think about carefully. While you can choose to receive advice from either a lender or adviser, make sure you are up to speed with the different types of mortgage so you feel fully prepared for the conversation.

During your mortgage interview

As part of getting a mortgage, you’ll need to have a detailed interview. But don’t worry. This will help establish what you can afford without stretching yourself. After all, buying a property is one of the biggest purchases you’ll ever make.

Getting a mortgage in principle

Even though an Agreement in Principle (AIP) isn’t required, some agents will insist that you have one. An AIP is a written estimate from the lender, giving you an indication of what you could borrow, and can be really helpful in your property hunt.

Submitting your mortgage application

You’re almost there. It’s time to make sure all the details in your application are correct. Then see what to expect while you wait for a decision from the lender. As long as you’ve done your prep and followed the advice from your interview, you’ll have given yourself the best chance of approval.

What to do once you’ve got a decision

Received your lender’s mortgage offer? Congratulations! There are just a few more things to consider and put in place before completion. Or was it rejected? In which case, find out what you can do next.

What to expect from the lender’s valuation

The lender will arrange for a qualified surveyor to inspect the property you’re looking to buy and check its value. As well as make sure that it’s a property they’ll lend against.

Tools you may find useful:

Repayment calculator
See what happens if you make over-payments and when interest rates change.
Moving costs calculator
Estimate the costs of your move including stamp duty, legal costs and removals.