Mortgage Affordability Calculator
Not sure what size mortgage fits your budget? Enter your details into our Mortgage Affordability Calculator to get an instant estimate of how much you could borrow based on your income and regular expenses. Simple, fast, and designed to help you plan with confidence.
Potential Property Value
£0
Based on 4.5x your household income plus your deposit, you could potentially purchase a property of this value.
Based on your income, this is the amount lenders may be willing to let you borrow. Actual offers may vary.
Your estimated monthly payment based on the interest rate and mortgage term you entered. Increase your deposit or term to lower this.
LTV is the percentage of the property value you're borrowing. Lower LTVs are considered less risky and may secure better rates.
How It Works
Three simple steps to secure your mortgage – backed by expert advice and a smart, supportive process from start to finish.
Tell Us a Little Bit About You
A quick, painless 60-second form captures your current situation.
We Find the Perfect Match
Partnering with over 100 leading lenders, including exclusive specialist options
Your Personal Mortgage Team
You’ll be assigned a dedicated team of experts who handle every step.
Got Questions?
Our FAQs are here to give you clear, straightforward guidance so you can understand your options with confidence. Whether you’re checking what you can afford, exploring repayments, or comparing mortgage deals, you’ll find the essentials covered here.
What factors influence how much I can borrow on a mortgage?
Lenders typically assess your income, regular outgoings, credit history, employment stability, and the size of your deposit. Each lender weighs these differently, which is why borrowing amounts can vary. GoMortgage helps you compare across lenders to find what’s realistic for you. Use our mortgage affordability calculator above.
Do I need to be in a full-time job to qualify for a mortgage?
Not necessarily. Many lenders accept part-time workers, self-employed applicants, contractors, and freelancers. What matters most is demonstrating consistent and reliable income. Your GoMortgage adviser can help identify lenders who fit your situation.
Will my current debts affect how much I can borrow?
Yes, your existing commitments – such as loans, credit cards, car finance, or childcare costs – can reduce your borrowing power. However, this doesn’t mean you won’t qualify for a mortgage. It simply means lenders will factor these into your affordability assessment.
Can my borrowing amount change depending on the mortgage term?
Yes. A longer mortgage term can lower your monthly payments, which may increase how much lenders are willing to offer. A shorter term usually means higher payments and, therefore a lower borrowing amount. Your adviser can show you how different terms affect affordability.
Does having a higher deposit increase my borrowing potential?
A larger deposit can strengthen your application and sometimes allow access to lenders who offer higher income multiples. It may also reduce your monthly payments. While it’s not the only factor, it can improve your overall affordability profile.
How accurate is an income multiple for estimating what I can borrow?
Income multiples (like 4x or 4.5x your income) are a rough guide, but lenders rarely rely on them alone. Affordability is now based more on your full financial picture. That’s why the number you see online may differ from what a lender actually offers- and why personalised advice from GoMortgage makes a big difference.
