MORTGAGE AFFORDABILITY

How much could you borrow?

A transparent range based on household income, commitments and a repayment stress check.

Applicant 1 annual incomeApplicant 2 annual incomeDepositMonthly credit and loan paymentsMonthly childcare/dependant costsEssential monthly household spendingMortgage term (years)Illustrative mortgage rate (%)Affordability stress rate (%)Lender income multiple

Illustrative maximum borrowing

£255,477

Household income: £70,000
Income-multiple ceiling: £315,000
Stress-payment ceiling: £255,477
Payment at entered rate: £1,420/mo
Payment at stress rate: £1,725/mo
Property budget with deposit: £305,477

The lower of the selected income multiple and an expenditure-constrained stress test is used. Lenders also assess credit history, income evidence, age, property type, committed expenditure and their own policy.

Important

This is an estimate, not a mortgage offer. Lenders use different income multiples, credit checks, age limits, stress rates and affordability policies.