Mortgage Affordability Calculator UK — Find Your Borrowing Limit
Calculate how much mortgage you can afford in the UK based on your salary existing debts and monthly expenses. See what lenders will offer.
UK mortgage lenders typically offer 4 to 4.5 times your annual income as a maximum mortgage amount. Some specialist lenders offer up to 5.5x for high earners or certain professionals. Your actual borrowing power depends on your income existing debts monthly spending and the stress test which checks you can afford payments if rates rise by 3%. Understanding these calculations before house hunting prevents disappointment and wasted viewings.
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Mortgage Calculator
Key Information
| Parameter | Details |
|---|---|
| Standard Income Multiple | 4 - 4.5x annual salary |
| Maximum Multiple (specialist) | 5 - 5.5x for professionals |
| Stress Test Buffer | 3% above current rate |
| Minimum Deposit | 5% (with higher rates) |
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Use Calculator NowFrequently Asked Questions
How much can I borrow on £60000 salary UK?
On a £60000 salary most UK lenders offer 4-4.5x income giving a mortgage of £240000-£270000. With a £30000 deposit (10%) you could buy a property worth £270000-£300000. Joint applicants combining incomes significantly increase borrowing. A couple earning £60000 and £40000 could borrow £400000-£450000.
Does my spending affect mortgage affordability?
Yes since 2014 the Mortgage Market Review requires lenders to assess your actual living costs not just income multiples. Regular expenses like childcare car finance subscriptions and credit card payments reduce your borrowing capacity. Reducing monthly commitments before applying can increase your maximum mortgage by £10000-£30000.
What is the mortgage stress test UK?
UK lenders must check you can still afford payments if interest rates rise. They test at your actual rate plus a buffer (typically 1-3% above the revert rate). This means even if you qualify at current rates you might be refused because the stress test payment would be unaffordable. Fixing for 5 years can sometimes reduce the stress test requirement.
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Last updated: March 2026