How mortgage affordability works
Lenders usually cap the amount you can borrow at a multiple of your annual income — commonly around 4.5 times, though some will lend a little more or less depending on your circumstances. If you are buying with someone else, most lenders consider your combined income.
Income is only part of the picture. Lenders also look at your regular outgoings, existing credit commitments, the size of your deposit, and how comfortably you could keep up repayments if rates rose. That is why the real figure — and the right lender — is best confirmed with advice.
We search the whole market to find a lender whose approach fits your situation, then handle the application from start to finish. See how our mortgage advice works or estimate your stamp duty.