How it works
Illustrative borrowing = annual income × selected multiple. Property budget = borrowing + deposit.
A worked example
At 60,000 income and a 4.5 multiple, illustrative borrowing is 270,000; a 40,000 deposit gives a 310,000 budget.
What to keep in mind
Illustration only, not an affordability assessment or lending decision. Lenders consider spending, debts, dependants, age, credit history, deposit and stress-tested rates. Buying costs are excluded.
What UK mortgage lenders usually consider
Lenders normally assess income alongside regular spending, existing debts, dependants, credit history, age, deposit size and the effect of higher interest rates. Two households with the same income can therefore receive different lending decisions.
How to use this affordability estimate
Choose an income multiple to explore a range of borrowing scenarios, then add the deposit available for the purchase. Keep money for Stamp Duty where due, legal work, surveys, moving and other buying costs instead of treating the full amount as a deposit.
Frequently asked questions
Will a lender offer this amount?
Not necessarily. This is a simple scenario based on your chosen multiple, not a mortgage eligibility check.
Can I use combined household income?
Yes. Enter the combined gross annual income of the applicants, but remember that a lender will assess each application in detail.
Are buying costs included in the property budget?
No. Stamp Duty, legal fees, surveys, mortgage fees and moving costs are excluded.
For general information and planning, not personalised financial or tax advice. Verify important decisions with a qualified adviser.