Mortgage Calculator

How much can you borrow?

Find out how much you can borrow:

Starting the mortgage application process can be a daunting prospect, and many customers are unsure how much they will be able to borrow, and therefore what their budget for their new home could be. Use our super quick calculator below to get an idea of how much you?could be able to borrow based on your salary and deposit.

How much can I borrow?

The figure above doesn’t take into account your monthly expenses, which can drastically affect how much you can borrow. It’s not always best to borrow the maximum amount available. It’s always best to talk to an advisor to discuss your circumstances if you’re ever unsure, why not chat to one of our friendly advisors?

Is my mortgage deposit enough?

UK mortgage lenders offer mortgages up to 95% of the home value. The higher deposit that you have available will usually get you a better mortgage rate, however many people use 10% as a benchmark to save towards. If you don’t have 10% available you may still be able to get a loan, speak to an advisor and we’ll walk you through all of your options.

Why use a mortgage broker like Eddison Wells?

Speak to any home buyer and they’ll tell you how much of a nightmare it can be to get a mortgage, there’s a lot of jargon and a lot of information required, and it can be really tough to keep track of it all.

A mortgage broker takes care of the whole process for you. We cut through all the jargon, and talk with all the parties involved through the whole purchase process. Best of all we don’t charge a penny until completion.

More questions:

Can I borrow more than the mortgage calculator says?

Usually not but it is not impossible. Have you taken into account?all sources of household income? Are you able to source a larger deposit? How is your credit rating? Many things affect the likelihood of borrowing the full amount or more.

How accurate is the mortgage calculator?

Lenders have hundreds of criteria, and no online calculator will give you as accurate idea as an advisor or broker. Always talk to a professional about it – it’s usually free like with Eddison Wells, and it’s pretty quick, and they’ll be able to more accurately calculate what you should be able to borrow with your salary and deposit, including any expenses you might have.

Joint applications - how much can we borrow

Joint mortgage applications are typically calculated slightly differently than single person applications. Typically a couple would be able to borrow less than a single person with the same total income – largely due to having double the expenses and risk from a lenders perspective. Speak to an advisor to find out how you can maximise the amount you can borrow as a couple.

It’s as simple as:


Fill out a form in less than a minute to receive a personalised quote from one of our advisors.


Speak to your personal mortgage broker about your circumstances in a little more detail, and if you?re happy to proceed we?ll take it from there.

Sit Back

We take care of all third-parties on your behalf, we?ll let you know what documents we need from you and notify you at every stage.

Damien Berry

“Eddison Wells Ltd are amazing they helped me save a fortune on my mortgage, I’ve dealt with may companies over the years when remortgaging and I can highly recommend Eddison Wells over any others, they’re professional yet easy to talk to, they’re the most helpful company I’ve ever dealt with and as I said at the beginning I’m now paying a lot less than I was a few months back, I will be back once my fixed term is back. on a side note I’ve just got them to sort my parents mortgage out too, if thats not a recommendation then nothing is.”

via Google Reviews

Margaret Dawson

“Highly recommend Eddison wells. Quick and easy. Saved us loads on our mortgage. Helped and recommended other financial areas and made things simple. So easy to deal with and Matt was so understanding and helpful. I chose to meet in their offices and was able to see the great team they have.Would not hesitate to recommend them. And thanks again for helping me start 2018 a lot better off.”

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Page content tags:

Quick & easy income based mortgage calculator ? Find out how much you can borrow ? Mortgage – how much can you get? ? How much deposit do you need for a mortgage? ? What mortgage can you afford? ? Single person mortgage – how much can I get? ? Joint mortgage – how much can we get?

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? 3 Ways a mortgage broker can save you money