Mortgage Borrowing Calculator

Even though property may still be seen as a gamble, most people will make money on their home in the long term. However, it can be dangerous to borrow too much. No matter how attractive owning rather than renting a property is, buyers should beware of becoming financially overstretched. You might consider how your mortgage payments would increase should the base rate rise by using our rate rise calculator. Having said all that, one of the most common uses of this mortgage calculator is to answer the question "how much can I borrow?"

In order to answer that question you must understand that since the Mortgage Market Review (MMR) all lenders now use their own affordability calculator and the maximum mortgage amount they will lend varies widely. Lenders now consider many different variables when calculating the total loan they are willing to advance. These include:

This means the maximum offered to each client can vary. Our online mortgage borrowing calculator will work out a maximum limit of 5 times a single or joint annual salary but doesn't take into account any of the criteria outlined above.

Your annual incomeWhat is your gross annual income?

Your partner's incomeWhat is your partner's gross annual income?

The results of your calculations

Based on the information you have given us about your annual income, you could borrow between a lower amount of and an upper amount of .

How can I get a free mortgage quote?

To get your free mortgage quotes, you just need to enter some basic information into our simple form for mortgage advice and your dedicated adviser will search the entire marketplace to find you the best mortgage deals available.