For our calculator to give you a quick calculation on your mortgage affordability let us know:

• How many applicants are applying for a mortgage.
• Any guaranteed bonus or overtime income you receive.
• Your annual income (before tax).
• Click “Get results” to see what you may be able to borrow.

Lots of things influence how much you can get for a mortgage and what a lender is willing to offer you. Here are the main ones:

• Your income

  This includes your salary, bonuses or other regular earnings. If you’re applying with someone else, both incomes will be considered.

• Your outgoings

  Lenders look at your regular spending, including rent, bills, childcare, subscriptions, and debts.

• Existing credit

  If you’ve got loans, credit cards or car finance, that may reduce how much you can borrow.

• Your credit history

  This shows how well you’ve managed money in the past. A good credit score can help your application.

• Deposit amount

  The more you can put down upfront, the more likely you are to access better mortgage deals.

If you’re saving for your first home, a Lifetime ISA (LISA) could give your deposit a boost. The government adds a 25% bonus to what you save - up to £1,000 a year.

Find out how a Lifetime ISA works or see how much you could save with our Lifetime ISA calculator.

• Interest rates

  These affect your monthly repayments. Higher rates might reduce the total amount you can borrow, as your repayments would be more expensive.

No. This calculator provides a quick calculated estimate and does not run a credit check.

This tool gives a rough indication of what you might be able to borrow but should not be considered a mortgage quote. Lenders look at how much you’re spending each month too, so it’s always best to speak to a mortgage adviser for expert advice.