Each lender has their own way of calculating how much they would lend, but this simple affordability calculator can give you a rough idea of how much you may be able to borrow.
For annual income, please use your basic salary only. If you’re self-employed then use the average net profit from the latest two years.
For monthly expenses, include credit card payments, loan (including student loans)/HP payments, maintenance payments or child care costs.
Mortgage Affordability Calculator
Please note though that any mortgage would be dependent on many things, such as age, credit-score, credit-history, status, valuation and underwriting so I’m afraid I can’t give any form of guarantee.
If you want a more realistic figure of what you may be able to borrow, please don’t hesitate to contact me and I’d be delighted to help.