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14 Apr 2024
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Mortgage Affordability Calculator

Mortgage Affordability Calculator Explained

Mortgage affordability calculators are a new way for mortgage lenders to calculate how much you can borrow for a new mortgage. Mortgage lenders have traditionally looked at income multiples to decide how much to let you borrow.

All mortgage lenders now calculate how much that they will lend based pn affordability instead of income multiples like 2 times joint income or even 3.5 times single income.

Enhanced Affordability Calculators

Lenders are now prepared to offer you even more if you choose a five or ten-year fixed rate mortgage. This is because the monthly repayments stay the same for a long time, and so feel like less of a risk to the lender.

For more details on lenders that us mortgage affordability calculators please feel free to contact us and one of out advisors will contact you to discuss how much you could borrow with a lender that uses mortgage affordability calculators. If you wish to get an idea now on how much you could borrow using mortgage affordability instead of income multipliers please feel free to use the link above to the Halifax's and Nationwide's affordability calculators on their web site.

Mortgage affordability Advice

With so many mortgage lenders offering different mortgage amounts using their affordability calculators it can be quite confusing trying to work out how much you can borrow. Go Financial Services have access to many lenders who could help you get the mortgage amount you what. Simply complete our fee free mortgage advice from and a professional mortgage advisor will contact you to discuss your mortgage needs.

Try Go Direct's mortgage budget planer to calculate how much you can afford for your new mortgage


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We normally do not charge a fee for mortgage advice, however this is dependent on your circumstances. Our typical fee would be £349



Think carefully before securing other debts against your home, your home may be repossessed if you do not keep up repayments on your mortgage.

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Go Financial Services is a trading style of Go Direct UK Ltd which is an appointed representative of Personal Touch Financial Services Ltd which is authorised and regulated by the Financial Conduct Authority. Registered in England & Wales Company 5703224. FCA Number 456600

We normally do not charge a fee for mortgage advice, however this is dependent on your circumstances. Our typical fee would be £349

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Mortgage Affordability Calculator from godirect.co.uk