PLANNING TOOL
Mortgage borrowing calculator
Turn your gross annual income into two simple borrowing illustrations. Use the result to frame your questions—not as a lending decision.
Your figures
Enter your annual income
If you are applying jointly, enter the applicants’ combined gross annual income before tax.
Actual affordability also depends on committed spending, dependants, debts, deposit, term, credit profile, property and lender criteria. These figures are not a mortgage offer.
What this calculator does—and does not do
The multiplication is intentionally transparent. A lender carries out a fuller affordability and eligibility assessment, and may use a lower or higher income multiple depending on its policy and your circumstances.
- Check whether the income you entered is likely to be accepted and how it will be evidenced.
- Allow separately for your deposit, purchase costs and a comfortable monthly budget.
- Do not treat the higher illustration as an amount available from every lender.
Continue your planning
Want an affordability assessment?
An advisor can put the illustration in the context of your income, commitments and plans.