Question 1

How accurate is this budget planner?

Accepted Answer

This budget planner provides an illustrative guide based on the information you enter. It is designed to help you understand your household budget and how mortgage affordability is commonly considered, but it does not replace a personalised assessment with a mortgage adviser.

Question 2

Does this calculator tell me how much a lender will lend?

Accepted Answer

No. Mortgage lenders use a full affordability assessment which includes income verification, stress testing, and review of committed and lifestyle expenditure. The figures shown here are illustrative only and not a guarantee of lending.

Question 3

Is this mortgage advice?

Accepted Answer

No. This calculator does not provide mortgage advice. It is for information only and is intended to help you understand typical affordability considerations before speaking to a qualified mortgage adviser.

Question 4

What income do mortgage lenders use?

Accepted Answer

Mortgage lenders typically assess borrowing using gross annual income (before tax), alongside a full affordability assessment based on monthly take-home pay, existing commitments, and living costs.

Question 5

What should I do after using this calculator?

Accepted Answer

After using this calculator, the next step is to speak to a mortgage adviser who can review your full circumstances, explain your options, and check affordability across a range of lenders.

First Time Buyer Budget Planner

Using this free budget planner is a simple way to understand your monthly surplus income before speaking to a mortgage adviser.

Gross annual income (before tax)

Monthly take‑home pay

Monthly outgoings

Deposit

Ready to get in touch?

Mortgage Payment Calculator

First 12 Months Breakdown