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The
amount that you are able borrow will usually depend on two things
- your annual disposable income and the amount that your chosen
lender is prepared to lend in relation to that income. As a rule
of thumb most lenders will currently lend a maximum of 3.25 times
the first income plus one times the second income. As an alternative
they will usually be prepared to add the two incomes together and
multiply the combined figure by 2.5 times if this gives a higher
figure than the first method.
Use
the calculator below to work out how much you will be able to borrow.
The calculator has been pre-set with the multiples shown above but
if you are looking for the absolute maximum, then click on the deposit
amount that you have below.
No
Deposit
5% Deposit
10% or more Deposit
Please
read the warnings below before using any of the figures provided
- warning
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