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Before you start looking for a new home or decide to increase your mortgage, it makes sense
to know how much you can borrow.
Lender's attitudes vary, but they will usually lend you between 3 and 3.25 times your annual
income before tax if you're applying for a mortgage on your own. If you're applying with
somebody else, they will usually lend either between 3 and 3.25 times the main income plus
the second income or 2.5 times the two incomes added together.
This calculator gives you a chance to estimate how much you can borrow.
Please note that your full financial situation will be taken into account
when being assessed for a mortgage.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
Written quotations are available on request. Subject to status. Contracts of insurance may be required. A professional brokerage fee of up to 1.95% may be charged.
Mortgages Direct Limited, authorised and regulated by the Financial Services Authority. Registered in England and Wales No. 2780784. Registered Office: Wellington House, Butt Road, Colchester, Essex, CO3 3DA.
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