Excelergy Excelergy Mortgages

Affordability

How much could I borrow?

A quick estimate based on the income multiples UK lenders typically use, with the monthly payments it would mean. Lenders look at much more than this, so treat it as a starting point.

About you

Basic salary before tax.

Lenders often count only part. We use half.

Loans, car finance, card repayments, childcare.

Combined, after tax. Shows payment as a share of it.

The mortgage

Check current rates on the Compare page.

Lenders check you could cope if rates rose.

Your estimate

Income multiple Loan Property price LTV Monthly At test rate Of take-home
See deals at this price Stamp duty on this price

How this works: we add your incomes, plus half of any bonus, overtime or commission, then take off a year's worth of your monthly debt and childcare costs. Most lenders lend around 4 to 4.5 times that figure; some go to 5 times or more, usually for higher earners. Lenders also cap the loan at a share of the property value, typically 95%, so your deposit can limit you too.

Every lender has its own affordability model and will also look at your credit history, outgoings, employment and the property itself. This is an estimate only, not a mortgage offer or financial advice. Your home may be repossessed if you do not keep up repayments on your mortgage.