Find Out How Much You Could Borrow
Our free mortgage borrowing calculator will provide you with an instant estimate of how much you could borrow for a mortgage, whether you’re buying your first home, moving house or looking to remortgage.
Simply enter your annual income, deposit or existing equity, financial commitments and preferred mortgage term to receive an initial estimate of your borrowing potential.
For a more detailed understanding of your borrowing power, our fee-free mortgage advisers can take a closer look at your income, financial commitments and personal circumstances to help you understand how much you may realistically be able to borrow and which mortgage options are suitable for you.
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What Can You Do With Your Mortgage Calculator Results?
Your mortgage borrowing calculator result provides an initial estimate of how much you could borrow, based on the financial information you’ve provided.
With a clearer idea of how much you could borrow, you can start to explore:
- Your property budget: Combine your estimated mortgage borrowing with your available deposit to get an idea of the property prices you could consider.
- Your mortgage options: Explore different mortgage types, products and terms to understand what might be suitable for your circumstances and financial plans.
- Your next steps: Whether you’re buying or remortgaging, use your estimate to guide discussions with your mortgage adviser and consider whether you’re ready to proceed with an application.
Remember, your result is only an estimate. Your actual borrowing potential will depend on your financial circumstances and individual lender criteria.
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Personalised Mortgage Advice
Our fee-free mortgage advisers can help you understand your calculator results and explore suitable mortgage options.
With whole-of-market access to over 1,000 mortgage products, we can assess your circumstances against different lenders’ affordability criteria, helping you understand your borrowing potential and plan your next steps with confidence.
And the best part? Our personalised mortgage advice won’t cost you a penny.
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Looking for a Different Calculator?
Looking for a different type of mortgage? Whether you’re remortgaging, moving home, considering equity release or exploring your options, our other calculators can help you get an initial estimate of your borrowing potential.
Frequently Asked Questions
What Information Do I Need for a Mortgage Borrowing Calculator?
To use our mortgage borrowing calculator, all you need is your annual income, available deposit or existing equity, monthly financial commitments and preferred mortgage term.
If you’re unsure of any figures, you can enter your best estimate. However, providing accurate information will help make your borrowing calculation more useful.
Can I Borrow More Than My Mortgage Calculator Estimate?
Yes, you may be able to borrow more than your calculator estimate, depending on your income, financial circumstances and the lender’s affordability criteria.
Different mortgage lenders use their own income multipliers and affordability assessments, meaning your actual borrowing potential could be higher or lower than the amount shown.
Will Using a Mortgage Borrowing Calculator Affect My Credit Score?
No, using our mortgage borrowing calculator will not affect your credit score.
Is My Mortgage Borrowing Calculator Result an Agreement in Principle?
No, your mortgage borrowing calculator result is an initial estimate and is not the same as an Agreement in Principle (AIP).
Neither a calculator estimate nor an AIP guarantees that your full mortgage application will be approved.
A mortgage broker can help you obtain an AIP and will work with you to submit a full mortgage application.
How Accurate Is Our Mortgage Borrowing Calculator?
Our Mortgage Borrowing Calculator provides an initial estimate based on your income, deposit or available equity, financial commitments and preferred mortgage term.
However, your actual borrowing potential may differ depending on your credit history, financial circumstances and individual lender criteria, including the income multiples they use.
Our fee-free mortgage advisers can provide a more personalised assessment and help you explore suitable options.
Why Is My Mortgage Calculator Result Lower Than Expected?
Your estimated borrowing amount may be lower than expected because our Mortgage Borrowing Calculator considers more than just your income.
Your deposit or available equity, financial commitments and preferred mortgage term can all affect your result. Individual lenders may also assess your affordability differently, meaning you could borrow more or less than estimated.
Our fee-free advisers will be able to provide you with more detailed, personalised advice and can explore suitable options for your circumstances.
Your home may be repossessed if you do not keep up repayments on your mortgage.
Boon Brokers Limited is authorised and regulated by the Financial Conduct Authority (FCA). The Financial Services Register number is 973757. The FCA does not regulate some Buy to Let mortgage contracts. We do not charge a fee for our mortgage, insurance or equity release advice and arrangement services. Calls may be recorded for training and monitoring.