How Much Can I Actually Borrow On My New Mortgage ?

One of the most common questions first-time buyers ask is, “How much can I borrow?”

Most lenders use your income and outgoings to calculate affordability, but the exact amount can vary depending on the lender and your circumstances.

A good starting point is around 4.5 times your household income, but this isn’t the full picture.

Want to learn more? Watch our short video below to understand what affects borrowing and why speaking to a mortgage adviser could help you unlock the best options.

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We charge a fee for our services. Our fee range is £0 to £595, with a typical fee of £395. If a Fee is payable, it is paid in 2 stages. Stage 1. £100 when we submit your mortgage application. Stage 2. £295 (or the remainder of the agreed fee) when you receive your official Mortgage Offer. We’ll always agree this with you before we start any chargeable work, and you’ll receive written confirmation so everything is clear from the start.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP WITH MORTGAGE REPAYMENTS

First Time Buyer Mortgages Ltd is an Appointed Representative of PRIMIS Mortgage Network, a trading name of First Complete Ltd. First Complete Ltd is authorised and regulated by the Financial Conduct Authority.

The Guidance contained within this website is subject to UK regulatory regime and is there primarily targeted at the consumers based in the UK.

First Time Buyer Mortgages Ltd, registered in Northern Ireland. Registration Number - NI730959.

Registered address, 222 Lisburn Road Belfast BT9 6GD.