Working Out What You Can Afford

Taking out a mortgage is a big deal, it doesn't need to be overwhelming when it's actually pretty straightforward. You will need to consider all of your outgoings and whether you would realistically make the mortgage payments each month. Starting off with working how much you can potentially borrow will give you a good idea of the price range you would be looking within.

Calculate Your Eligibility

Every lender has different ways of calculating how much they will lend to you, and will take the following into consideration. As these will likely impact your monthly payments:

  • The size of your deposit
  • How much you spend on a regular basis
  • Your credit rating
  • Your income

The 'how much can I borrow' mortgage calculator below is a great way to start by getting a rough idea of your mortgage eligibility – but it’s certainly not a definitive answer.

Affordability Calculator

Mortgage loan calculator
First applicant

First Mortgage Applicant

* £
* £
Second applicant

Second Mortgage Applicant

* £
* £

As a guide, you could potentially borrow around:


Want to find out more? Call us or Email Us

This is not a quotation under the Consumer Credit Act. Figures are subject to validation of income, credit checks and a property valuation.

OnTheMarket receives an introducer fee from John Charcol of up to 30% of the value of the fees paid by the mortgage lender to John Charcol for each successful mortgage application arranged by them.

You are currently offline. Some pages or content may fail to load.