See How Much You Can Borrow
Get a clear idea of your home-buying budget
Understanding how much you can borrow is one of the first and most important steps when exploring mortgages. It gives you a realistic budget, helps focus your search, and puts you in a stronger position when you’re ready to make an offer.
Working out your borrowing potential can feel complicated, but that’s where expert mortgage advice makes all the difference. Use our mortgage calculator to gauge how much you may be able to borrow, then seek guidance from our experienced mortgage advisors who are here to assess your circumstances and give you a clear picture of what lenders may be willing to offer, so you can move forward with confidence.
How much could you borrow?
The amount you can borrow depends on several factors, including your income, outgoings, credit history, and deposit. Whether you’re buying on your own, with a partner, or exploring options like shared ownership, our mortgage brokers will help you understand what’s possible.
With access to a wide range of lenders across the market, we compare mortgages to find one that suits your situation. We’ll also explain how different lenders assess affordability, so there are no surprises along the way.
Get clarity before you start searching
Knowing your budget early on means you can focus on properties within your price range and avoid disappointment. It also shows estate agents and sellers that you’re a serious buyer.
We can help you secure an agreement in principle, giving you a more accurate borrowing estimate and strengthening your position when making an offer. With the right mortgage advice, you’ll be ready to move quickly when you find the right home.
What Exe Mortgages will do for you
Our expert mortgage advisors will guide you through the process step by step, from understanding your borrowing capacity to helping you move forward with a full application. As experienced mortgage brokers, we handle the hard work by comparing lenders, recommending suitable mortgages, and supporting your application from start to finish.
Our goal is to make everything straightforward, clear, and tailored to you.
Ready to find out how much you could borrow? Get in touch for a free, no-obligation chat and get trusted mortgage advice from a team that puts you first.
See How Much You Can Borrow FAQs
- How is my borrowing amount calculated?
Lenders assess how much you can borrow based on your income and your outgoings. Typically, they’ll apply an income multiple (typically around 4 to 4.5 times your annual income), but this can vary depending on the lender and your circumstances.
They’ll also look closely at your monthly commitments such as loans, credit cards, childcare costs, and general living expenses, to ensure the mortgage is affordable both now and in the future. Many mortgage advisors will also explain how lenders “stress test” your finances to check you could still afford repayments if interest rates rise.
- Does my credit score affect how much I can borrow?
Your credit profile plays an important role. A strong credit history can improve your chances of being approved and may give you access to more competitive mortgages.
If you have missed payments, defaults, or a limited credit history, this may reduce how much you can borrow or limit the lenders available to you. This is where tailored mortgage advice from experienced mortgage brokers can help you find suitable options.
- Can I borrow more with a larger deposit?
Typically, a larger deposit reduces the amount you need to borrow and lowers the lender’s risk, which can improve your borrowing position.
It may also give you access to better interest rates and a wider choice of mortgages. Your mortgage advisors can show you how different deposit levels impact your borrowing and monthly repayments.
- What if I’m self-employed or have irregular income?
You can still get a mortgage if you’re self-employed or have variable income, but lenders will assess your earnings slightly differently. Typically, they’ll look at your accounts or tax returns over the past 1–3 years to establish an average income.
If your income fluctuates, some lenders may take a more cautious approach, while others are more flexible. Working with experienced mortgage brokers ensures you receive the right mortgage advice and are matched with lenders who understand your situation.
