Free mortgage calculator

Mortgage affordability calculator

Get a clearer guide to what you may be able to borrow based on income and commitments.

Built and checked by the advisers at Spolton Mortgages, former bank managers who are CeMAP qualified and FCA registered.

701

Five-star reviews

Local

Family-run since 2017

FCA

Registered · No. 993383

This is a guide, not a mortgage decision. Lenders also look at credit history, outgoings, deposit size and how affordable the payments look over time. This calculator provides an estimate only and should not be relied upon as a guarantee of borrowing capacity, affordability or mortgage eligibility. The actual amount you may be able to borrow, and your monthly repayments will depend on your personal circumstances, credit status and the lender's assessment.

First-Time Buyer Mortgages First-Time Buyers FAQs

How much can I borrow?

Most lenders start from an income multiple, often around four to four and a half times your income, then adjust for credit commitments, deposit and how affordable the payments look. This calculator gives a quick indicative range.

Every lender scores affordability differently, and the right one for you is not always your own bank. We compare the whole market to find the lender most likely to say yes at a competitive rate.

Your home/property may be repossessed if you do not keep up repayments on your mortgage.

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What clients say

701 verified reviews, rated 5.0

258 reviews on Google and 443 on VouchedFor for 4 advisers, all independently verified. A 5.0 average across both.

5.0 average · Google & VouchedFor

VouchedFor

I have dealt with Nick on a professional level for several years, and when the time came to purchase my new house, I knew that I would receive the same level of high quality service and advice. There was no question in my mind that Nick was the right choice. Nick helped us to look at our mortgage at the time and advised on how best to move forward to enable us to have a revised mortgage to purchase our current home. Being self employed, I was extremely grateful to him for the advice given which resulted in a successful mortgage offer. Absolutely, 100%. Nothing, Nick is a first rate advisor with years of experience. I would use him again if we ever change property, and will certainly continue to use his services when we come to re-mortgage in the future.

Verified client in Lincolnshire

Review of Nick Spolton

VouchedFor

I wanted to buy a house Nick guided me through the entire process of purchasing a home and applying for a mortgage, providing reliable and professional assistance at every stage. I could count on his support throughout Everything was completed in a fully satisfactory manner. Everything was completed in a fully satisfactory manner.

Verified client in Nottinghamshire

Review of Nick Spolton

VouchedFor

I was asked by a friend 'how important is your home'. Which I replied very important. There for I should seek professional help to get the best deal for me. By exploring the market and finding the best deal for me. Yes and then some. No.

Verified client in Lincolnshire

Review of Seth Jackson

VouchedFor

I wanted to discuss options for possible mortgage and equity release details. He has provided information to enable me to potentially make big life decision. Discussed mortgage options and equity release information. Yes. Seen options. N/A

Verified client in Lincolnshire

Review of John Hallam

VouchedFor

First time buyer John significantly simplified the mortgage aspect of buying my first home, making a potentially stressful process much less so. He sourced me a suitable mortgage for my situation, clearly explained the process from start to finish and patiently answered all my questions. Would highly recommend. Yes, I am very pleased with the outcome, having received a mortgage offer that fits my situation well. Nothing!

Verified client in Lincolnshire

Review of John Hallam

701

Five-star reviews

5.0★

Average rating

Read all 701 reviews

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