How much can I borrow?
Mortgage calculators can often work as a good indicator for how much you can borrow. However, they don’t take individual financial circumstances into account.
You can use this free calculator below, although please be aware that it may not be entirely accurate for yourself. Exact amounts will depend on your own circumstances and on the lender.
If you need to know how much you can borrow then there are a few financial factors to take into account. You will need to provide your annual salary and any additional income. You will also need to let the lender know if you have any debts or credit cards.
Other things to take into account are the mortgage term – how long you intend to take the mortgage out for – and the interest rate set by the lender. This can have a huge effect on how much you pay each month.
Alternatives to a mortgage calculator
We would always advise for you to speak to a qualified mortgage broker directly before making any solid financial decisions. You can speak to Renshaw Mortgage Solutions for solid mortgage advice in Nottingham. Initial advice is completely free of charge and will give you a good idea on how much you can borrow. You can call us on 01773 861050 or you can use the form below.
About our mortgage advice
Renshaw Mortgage Solutions was set up to provide honest and unbiased mortgage advice across Nottinghamshire. We are not affiliated with any particular lender so we only have your interests at heart. With combined experience of over 25 years we will be sure to find a mortgage product that suits your individual needs. From then on we’ll handle the whole application process so you need not worry about a thing!
Renshaw Mortgage Solutions Ltd is an appointed representative of Stonebridge Mortgage Solutions Ltd, which is authorised and regulated by the Financial Conduct Authority.