Mortgage Calculators
How Much Can I Borrow?
Various lenders use slightly different formulae to calculate
the amount of money that they are willing to lend to you.
Although some lenders use an affordability formula based
on your monthly expenses and disposable income, most use
something similar to the multiples method outlined below.
You can usually find out what criteria will be used by
a particular lender by looking on their website, reading
their product literature or telephoning them.
Use this calculator to work out approximately how much
you will be able to borrow according to different lending
criteria. Remember that your individual history and other
circumstances can sometimes affect the amount you can
obtain, so use this only as an indication.
