Mortgage Borrowing Calculator
Our borrowing calculator is designed to help you work out how much you could borrow, which gets you one step closer to owning your own home.
Simply enter a few key details to get an estimate of how much you could borrow.
Please note this is only an estimate and can vary depending on the lender and your personal circumstances.
To get a more accurate quote, we recommend you speak to one of our advisers. They can help you make an informed decision that is right for you.
Alternatively, check out all of our mortgage calculators.
How much can I borrow?
Next Steps
If this is enough to get the property you want, speak to an adviser about a mortgage in principle.
Not enough?
Check your mortgage affordability against a pool of over 50 lenders to give you a more accurate estimate.
Mortgage Borrowing Calculator
Our borrowing calculator is designed to help you work out how much you could borrow, which gets you one step closer to owning your own home.
Simply enter a few key details to get an estimate of how much you could borrow.
Please note this is only an estimate and can vary depending on the lender and your personal circumstances.
To get a more accurate quote, we recommend you speak to one of our advisers. They can help you make an informed decision that is right for you.
Alternatively, check out all of our mortgage calculators.
How much can I borrow?
Next Steps
Check your mortgage affordability against a pool of over 50 lenders to give you a more accurate estimate.
Tired of Renting?
If you’ve been renting for years and feel like owning a home is out of reach, you’re not alone.
Whether you’re struggling to save for a deposit, unsure what you can afford, or overwhelmed by the buying process, we’re here to help.
This guide is designed specifically for renters like you who want to break free from rent payments and start building a future in a home of your own. Let’s take the first step together.
What do you believe is stopping you from buying a house?
Many buyers in the UK usually have a deposit between 5 and 10% of the property’s value.
For example, if you wanted to buy a property valued at £250,000, you’d need £25,000 to meet your 10% deposit.
Some lenders have begun to offer a 100% mortgage, meaning you don’t need a deposit.
WHAT IS THE BEST THING FOR SOME WITH A SMALL DEPOSIT TO DO?
WHAT IS THE BEST THING FOR SOME WITH A NO DEPOSIT TO DO?
In many cases mortgage payments are lower than rental payments.
Our mortgage affordability tool will take you ingoing and outgoings and given you idea on what you could borrow along with the monthly payments. Compare them against what you're currently paying, you might be surprised.
Mortgage rates change depending on what’s going on in the wider world. It may still be more affordable each compared to you rent.
Check some mortgage rates and repayments to compare.
If the repayments look manageable and you've got some sort of deposit, our mortgage advisers can go through your options and get you closer to owning you're own home.
The initial conversations are free of charge and we'll tell you about any costs along the way.
A less-than-perfect credit score or a patchy financial history can feel like a major roadblock to getting a mortgage.
However, it's not always a definitive "no”. Lenders look at various factors to assess how financially responsible you are, and there are products out there designed for those with past financial challenges.
Don't let your credit history stop you from exploring your options. Speaking to mortgage adviser can help you understand what's possible and guide you towards solutions that might work for you.
Some first time buyers turn to their family for financial support to fund their deposit. This is known as a ‘gifted deposit’.
There are a number of family assist options, where relatives can help by providing security (savings, or equity in their own home).
You could also have a family member named on the mortgage without being on the property deeds (known as a joint borrower, sole proprietor mortgage).
If you're in this situation then a mortgage adviser can go through all of options and opportunities available you.
It's a common misunderstanding that being self-employed puts a mortgage out of reach, but that's simply not true.
Lenders are increasingly open to self-employed applicants, even with as little as one years’ worth of accounts. The key is demonstrating consistent income and financial stability.
This is where an adviser can talk you through everything you need, and tailor a mortgage application to lenders who understand the nature of self-employed work.
Find out more about mortgages if you're self employed
Or ask us a question and an adviser will give you what you need to know.
When you start looking for a mortgage, one of the main things you need to know is how much you can borrow.
Lenders will do their own assessments of your finances, but why not go in prepared? Using our mortgage affordability calculator, you can get ahead of the curve.
How does it work?
Enter in a few details about you income and outgoings along with some property information. We’ll search through a pool of over 50 lenders to find an estimate of your mortgage affordability.
See what the highest, most likely and lowest amounts that you the lender panel may be able to offer
There's no credit checks required. You'll then have the option to contact an adviser to talk about the next steps.
What you'll need:
In order to give you an accurate estimate of the mortgage you can afford, you'll need to know the following:
- Property details
- Mortgage requirements
- Income
- Monthly outgoings
One of the easiest ways to note your expenses is to have a copy of your monthly expenditures on hand. These will be things like, loans, credit card balance and any childcare costs.
If you've not got them, don't worry. Estimating these details will still give you a guide.
It's always helpful to speak to someone so, whatever the result, contact us to get personalised advice for your situation.
Important information
Your home may be repossessed if you do not keep up repayments on your mortgage.
There may be a fee for mortgage advice. The actual amount you pay will depend on your circumstances. The fee is up to 1% but a typical fee is 0.3% of the amount borrowed.
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Interesting in saving your result? Enter your details below and we'll send you this information within an email.
Make sure you check the tick box to stay up to date with the latest mortgage information.
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How we can help
We can help first time buyers, remortgages, buy-to-lets, home movers and many more.
- Tailored mortgage advice specific to your needs and circumstances
- Access to over 12000 mortgage deals across 90+ lenders, including ones that aren't available on the high street
- Guidance on which mortgage lender and product to choose
- Protection support and advice to protect you and your family
Download the Mortgage Advice Bureau app
Our app is a digital mortgage coach designed to help you save up, plan, and track your home buying journey – whether you’re buying your first home, or just fancy a move.
We’ll guide you through step by step to ensure you always know what’s coming up next.
