Mortgage Borrowing Calculator
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This calculator uses the following assumptions.
Maximum borrowing is a multiple of between 2.50 and 5.00 times total income less annualised outgoings.
This is intended as an indicative guide only. It is a generic calculation that does not take into account the individuals circumstances, it should not therefore be relied on.
Your home may be repossessed if you do not keep up repayments on your mortgage.
UK News
The Bank rate was cut in August but many analysts do not expect any further reductions this year.
The UK government is calling this the largest commercial deal of its kind and expects it to create more than 7,600 "high-quality jobs".
Borrowing costs are not guaranteed to come down much more than they already have, even after this week's rate cut.
The Federal Reserve makes its first cut to interest rates since 2024, and signals more to come.
While UK inflation held steady in August, the pace of price rises for food surged, increasing cost of living pressures.