How much can I borrow for a mortgage?

Planning to buy a new home?

Looking to remortgage? Get started with these tools

Got a mortgage with us already?

Go to Manage your mortgage Open in new window

Mortgage rate finder

Go to Mortgage rate finder Open in new window

Ready to start your remortgage?

Start an Agreement in Principle Open in new window

Great, now tell us a bit about you

I’m not a first time buyer Open in new window

I’m not moving home Open in new window

Number of applicants 1 2

Your total annual income before tax

What should this include?

This is income before tax and National Insurance deductions.

You should also include guaranteed overtime, bonuses or commissions, investments, rental income and state benefits.

If you’re self employed, please tell us your average annual gross earnings over the past two years.

Next, tell us about your expenses?

Total monthly loan payments (optional)

What does this mean?

These are payments for any unsecured loans, like a loan to buy a  car or holiday.

Credit card balance after your last repayment (optional)

Monthly expenditure amount (optional)

What does this include?

This should include things like pension contributions, ground rent, childcare costs, care of elderly relatives. Don’t include grocery shopping, utility bills, fuel and travel.

Finally, we just need these last few details

Your deposit (optional)

What is a deposit?

This is the amount of money you’ve already got towards the cost of a property. If you're selling a property, then the deposit for your new mortgage could be from the equity in your current home.

Length of term

How do I choose this?

This is how long you’d like to borrow the money for.

The average length of term is between 25 to 30 years but it can depend on how much deposit you have, and how quickly you’d like to pay your mortgage off.

Ideally, you should try to pay your mortgage off before you reach your retirement age.