How much can I borrow?
The general rule is that you can borrow 4.5 times your annual income. So if you make £30,000 a year, you could borrow £135,000. If you had saved £20,000 as a deposit, you could look at properties priced at £155,000. Knowing how much you can borrow means you can adapt your property search to different areas or types of property. It can also tell you if you need to increase your income or your deposit. Mortgage Calculator