The amount you can borrow depends on factors like your income, monthly outgoings, deposit amount, credit history, and the value of the property you want to buy. Lenders usually calculate borrowing based on an income multiple but also consider your expenses and financial commitments. Mortgage calculators from various providers can give a rough estimate, but getting a Decision in Principle or a personalized assessment from a lender provides a more accurate figure. Key factors lenders consider include:

• Your gross annual income and any additional income like bonuses.
• Monthly expenses such as existing debts, bills, and other financial commitments.
• The deposit you have for the property.
• The value of the property and the loan-to-value ratio.
• Your credit rating and affordability to ensure repayments can be made even if interest rates increase.

You can use online mortgage calculators from banks or mortgage providers for a rough estimate, but remember that the real approved amount will depend on a detailed assessment of your circumstances by the lender.