This popular calculator will show you how much you may be eligible and afford to borrow for your mortgage.
Remember, these figures are only an estimate as they do not take into account any outstanding debts or loans that you may have.
How much you may be eligible to borrow is usually calculated by multiplying your salary and any other income by 4. This assumes that you don’t have any existing debts and a clear credit rating. In example, a salary of £50,000 may be eligible to borrow up to £200,000. Add this amount to your deposit, and this will give you the budget for your new home.