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Affordability Calculator
Find out how much you can borrow in the UK based on your income and the standard income multiple approach used by lenders.
Your Income
Combined income before taxes
£
£20,000£1,000,000
Typical UK lenders offer 4–4.5x income
x
3x6x
Your Savings
£
£0£500,000
Mortgage Terms
%
0.5%15%
Used for stress testing. Current BoE base rate affects this.
%
2%15%
yrs
5 yrs35 yrs
Affordability Summary
Stress Fail
Income Multiple Used4.5x
Maximum Mortgage£270,000
Monthly Payment at 4.5%£1,501
Monthly Payment at 10.5% (stress test)£2,549
Stress payment as % of income51.0%
Maximum Property Price£320,000
Stamp Duty (on max price)£3,500
UK lenders typically offer 4–4.5x annual income. Your borrowing capacity is primarily determined by the income multiple. The stress test at SVR + 3% (10.5%) checks affordability under higher rates. Payments above 50% of monthly income may flag affordability concerns.
Your Affordability
Maximum Property Price
£320,000
Deposit: £50,000
Maximum Mortgage
£270,000
4.5x income multiple
Monthly Payment (contract rate)
£1,501
At 4.5% over 25 years, 30.0% of monthly income
Monthly Payment (stress test)
£2,549
At 10.5% (SVR + 3%), 51.0% of monthly income
Stamp Duty Estimate
£3,500
On max property price of £320,000
PilotLend provides educational mortgage estimates and does not constitute financial advice. Actual qualification depends on your lender's criteria.