UK Mortgage Affordability Calculator
Calculate how much mortgage you can afford based on your income
Updated for 2025/26 UK mortgage rules and interest rates
Mortgage Affordability Calculator
Find out how much you can borrow based on your income
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Results
Recommended Max Mortgage
£191,479
Potential Max Mortgage
£225,000
Income Multiple
4.5x
Monthly Payment
£1,360
Your borrowing is limited by affordability (35% of net income rule)
How It Works
Income Multiple: UK lenders typically allow 4-4.5x your annual income
Affordability Check: Considers your income minus monthly commitments
Stress Testing: Calculations include buffer for interest rate increases
Joint Applications: Combined income can increase borrowing capacity
UK Mortgage Information 2025/26
Current Mortgage Rates
- 95% LTV: 5.8% - 6.5%
- 90% LTV: 5.3% - 6.0%
- 75% LTV: 4.8% - 5.5%
- 60% LTV: 4.5% - 5.2%
- First-time buyer products available
Lending Criteria
- Minimum 5% deposit required
- Income multiple: 4-5.5x salary
- Stress test at rate + 3%
- Maximum 45-year term
- Proof of income (3 months payslips)
Additional Costs
- Stamp duty (varies by value/region)
- Legal fees: £500-£1,500
- Survey costs: £300-£1,500
- Valuation fee: £150-£1,500
- Arrangement fee: £0-£2,000
Government Schemes
- First Homes Scheme (30% discount)
- Shared Ownership (25-75% purchase)
- Mortgage Guarantee Scheme (5% deposit)
- Help to Buy ISA (bonus up to £3,000)
- Lifetime ISA (25% government bonus)