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How much can I borrow?

We calculate this based on a simple income multiple, but, in reality, it’s much more complex.

When you apply for a mortgage, lenders calculate how much they’ll lend based on both your income and your outgoings – so the more you’re committed to spend each month, the less you can borrow.

This calculator provides useful guidance, but it should be seen as giving a rule-of-thumb result only. Read more about what lenders look at in the How Much Can I Borrow? guide

How many people are applying?

Applicant 1


Applicant 2

Calculations powered by London & Country*

Typical upper range of mortgage:

Based on typical bank's lending criteria

£{{resultsData.lowerAmount | currency : "":0}} - £{{resultsData.higherAmount | currency : "":0}}

Be aware that your credit score also has a big impact – read MSE's Credit Rating guide for further details. Also note that this calculation is mainly for people who are employed – sadly, for the self-employed, it's more difficult.

A mortgage at £{{resultsData.higherAmount | currency : "":0}} at 3% over 25 years would cost you £{{resultsData.repaymentPerMonth | currency : "":0}} per month ({{resultsData.percentIncome | currency : "":0}}% of your pre-tax income).

Likely range of mortgage

Decreasing likelihood

The nitty gritty on lenders

Lenders typically cap the loan-to-income ratio at around four-and-a-half times your annual salary, which is the upper limit in the red on the bar chart below.

Assuming you don't have existing debts and a clear credit rating you should have no difficulty in securing a mortgage in green.

Important! Remember, lenders will also assess your outgoings, including any loan agreements and credit card repayments, child maintenance payments, school fees and other bills to work out how much they'll lend. If you're a few months away from applying, try to budget as if you’re already paying mortgage payments, as lenders will want evidence from your outgoings that you can afford to repay. If you haven't already, do a budget.


IMPORTANT! Please read...

This information is computer-generated and relies on certain assumptions. It has only been designed to give a useful general indication of costs.

It's important you always get a specific quote from the lender and double-check the price yourself before acting on the information. We cannot accept responsibility for any errors (please report faults above).