Affordability Calculator
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Mortgage Affordability
When you begin the mortgage process, one of the first things you need to determine is how much you can borrow. This initial step is crucial as it sets the foundation for your home search and helps you understand your budget.
To get an approximate figure, you can use the calculator below. This tool will provide a rough estimate based on general financial parameters and your inputs, giving you a starting point for your planning.
However, it is important to note that this calculator does not provide an exact amount. It does not take into consideration all the specific factors that could affect your borrowing capacity, such as your credit score, employment history, outstanding debts, and unique financial circumstances.
If you would like a more precise figure tailored to your individual situation, it is recommended that you book an appointment to speak with an adviser.
A professional adviser can assess your complete financial picture, consider all relevant factors, and provide a more accurate borrowing estimate. They can also guide you through the mortgage process, answer any questions you may have, and help you make informed decisions.
How much will a lender let me borrow for my mortgage?