Affordability Calculator
Get a more realistic estimate of how much you could borrow by factoring in your income and existing commitments.
Your Income
Enter your annual income before tax.
Note: Lenders may only accept a portion of variable income.
About This Calculator
How is this different from the simple calculator?
This calculator factors in your monthly commitments (loans, credit cards, childcare, student loan) which can significantly affect how much lenders will offer you. A simple income multiplier doesn't account for these.
Why do commitments reduce my borrowing?
Lenders assess your ability to afford mortgage payments alongside your existing commitments. The more you're already committed to paying each month, the less "spare" income you have for mortgage payments, so they'll typically offer you less.
Should I pay off debts before applying?
It depends on your situation. Paying off credit cards and loans can increase your borrowing capacity, but it might also reduce your deposit. It's worth discussing your specific circumstances with a mortgage adviser.
We value your privacy
We use cookies to enhance your browsing experience, serve personalised content, and analyse our traffic. By clicking "Accept All", you consent to our use of cookies. You can manage your preferences or learn more in our Cookie Policy and Privacy Policy.