How much can I borrow for a UK mortgage?

Most lenders offer 4–4.5x annual income. A household earning £60,000 can typically borrow £240,000–£270,000, subject to affordability checks and stress testing.

What is the mortgage LTI flow limit?

FCA/MPC rules limit lenders to having no more than 15% of their new lending above 4.5x LTI (Loan to Income), meaning higher multiples are available but restricted.

How does affordability stress testing work?

Lenders test affordability at a higher rate (typically 3% above the initial rate). You must prove you could still afford repayments if interest rates rose significantly.

UK Mortgage Affordability Calculator 2024

Calculate maximum UK mortgage based on income multiples (4–4.5x), stress test rates, and affordability rules. Includes LTI flow limits (15% above 4.5x), deposit requirements, and MPC considerations.

Principal ($)

Annual Rate (%)

Years

Compounding / Year

$ Finance Disclaimer: These calculators are for educational and illustrative purposes only. Results do not constitute financial advice. Consult a licensed financial advisor before making investment or borrowing decisions.

How It Works

Calculate maximum UK mortgage based on income multiples (4–4.5x), stress test rates, and affordability rules. Includes LTI flow limits (15% above 4.5x), deposit requirements, and MPC considerations

Each component has a specific meaning:

Income multiples (4–4 — The income multiples (4–4 recorded for the scenario being assessed.

Note: Interpret the uk mortgage affordability result against the thresholds and context described above.

How to Use

Enter the income multiples (4–4 for the scenario you are assessing. Calculate maximum UK mortgage based on income multiples (4–4.5x), stress test rates, and affordability rules. Includes LTI flow limits (15% above 4.5x), deposit requirements, and MPC considerations. Use the uk mortgage affordability result to inform your calculation.

Related Calculators

UK SDLT Residential

Finance & Accounting

UK Help to Buy Repayment