Budget Calculator
Use this calculator to work out your maximum budget when looking to buy a property.
Maximum Mortgage Amount
Lenders will typically allow you to borrow up to 4.5 to 5 times your annual income.
+£
Savings
You can put any money you have in savings towards your purchase. Just remember you'll need to save some for solicitors fees and moving costs etc.
+£
If you have a existing property you are selling as part of the purchase you can use the proceeds of the sale
+£
Existing Mortgage
If you a mortgage on the property you are selling, the remaining balance (plus fees) will need to be paid
-£
Total Budget
£