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Affordability
Find Out How Much You Could Borrow with our Mortgage Affordability Calculator
Use our quick and easy affordability calculator to estimate how much you may be able to borrow based on your income and outgoings. Get a clearer picture of your budget before you start house hunting.
We work with more than 120 mortgage lenders, including
CALCULATOR
Find Out How Much You Could Borrow
Affordability calculator gives you a quick estimate of how much you can afford to borrow based on your income and expenses.
Whether you’re already house hunting or just starting your journey, this tool helps you understand your budget and the mortgage options available to you.
How Much Can I Borrow Calculator
Use our calculator to get an estimate of how much you could borrow based on your income.
- If you’ve already found a property, enter its value to see your Loan to Value (LTV) ratio, helping you check the mortgage rates available to you.
- If you’re still searching, simply enter your gross annual income (before tax), and we’ll show you the maximum amount you may be able to borrow.
Keep in mind that this is an estimate and does not consider factors like your household expenses, credit history, or the property’s condition.
Mortgage Affordability Calculator
Disclaimer: Please note that the results generated by this calculator are estimates. For precise information tailored to your circumstances, please call us at 020 3827 8588.
Why Choose Mortgage-Tek Mortgage Services
Get your right and on-point advice by our OMA-approved brokers. Working with Mortgage-Tek is simple and straightforward, here are the benefits we offer to our worthy clients.Â
FCA & CeMAP Certified
FCA-authorised and CeMAP-qualified, we deliver expert, transparent mortgage advice designed to give you confidence at every step.
Niche Market Experts
Whether you’re self-employed, dealing with credit challenges, or buying a unique property, our brokers have the expertise to guide you.
Dedicated to Fairness
We enforce a fair fee policy, ensuring brokers follow clear pricing and never charge clients more than the agreed capped amount.
Guided by Expertise
At Mortgage-Tek, we’re trained professionals with extensive financial expertise, helping clients make informed decisions.
Save Valuable Time
Managing finances can be complex. Our expert advisers handle the research and paperwork, helping clients save time and effort.
Custom Mortgage Plans
Our advisers carefully evaluate your finances and goals to provide personalised mortgage solutions at their best.
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Get in Touch For Our Expert Mortgage Advice
Looking for the right mortgage solution? Whether you’re securing a better rate, switching deals, or exploring let-to-buy options, our experts are here to help. Get in touch today for tailored mortgage advice and find the best deal for your needs—hassle-free and straightforward!
| Call Us | 020 3827 8558 |
| Email Us | info@mortgage-tek.co.uk |
| Address | 31, Metro Centre, Dwight Rd, Northwood, Watford WD18 9SB |
| Opening Hours | Mon–Fri (8:30am–7pm) Sat (9am–5pm) |
Frequently Asked Questions
What does the mortgage affordability calculator show?
It estimates how much you may be able to borrow based on income, expenses, and commitments. Results are indicative only.
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How accurate is the affordability calculator?
It provides a useful guide using typical lender criteria. Your actual borrowing amount depends on full lender assessment.
What factors affect my mortgage affordability?
Income, monthly expenses, debts, credit history, and deposit size all influence borrowing power. Lenders also apply stress tests.
Does my credit score impact affordability?
Yes, a stronger credit profile can improve your borrowing options. Poor credit may reduce the amount lenders offer.
Can self-employed or contractors use the calculator?
Yes, it works for all income types using the figures entered. Final affordability depends on how lenders assess your income.
How much income do I need to get a mortgage?
Most lenders offer around 4 to 4.5 times your annual income. The exact amount varies by lender and circumstances.
Does my deposit affect how much I can borrow?
Yes, a larger deposit usually improves affordability and access to better rates. It also lowers your loan-to-value.
Should I speak to an adviser after using the calculator?
Yes, the calculator is only a starting estimate. An adviser can confirm your true borrowing capacity and suitable deals.