How much can I borrow for a mortgage?
The amount you could borrow for a mortgage depends on your income, expenses and other factors.
Use the Lloyds mortgage borrowing calculator to get an idea of how much you can afford to borrow.
Use the mortgage borrowing calculator
- Answer a few questions about your income and outgoings.
- Get an idea of how much you could borrow.
- Check your mortgage affordability before you apply.
How does the borrowing calculator work?
Want to work out your repayments?
What happens next?
Learn more about our mortgage rates
Whether you’re a first-time buyer, moving home or want to move your mortgage to Lloyds, find out more about our mortgage rates.
Apply for an agreement in principle
If you’re happy with the rates you’ve seen and confident in your affordability, you can apply for an agreement in principle (AIP). It lets you know how much you could borrow before you apply for a mortgage and won’t impact your credit score.
First-time buyer guides
From deposits and stamp duty to conveyancing and insurance, get up to speed on buying your first home.
Let’s look at the details
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The mortgage amount you could borrow is often based on your income and other factors, such as existing debts. Lenders also look at your loan to value (LTV) ratio when reviewing your application. This is the % of the property value you’re wanting to borrow.
The borrowing calculator can give you a quick view of what you might be able to afford. It can also help you work out your LTV ratio. But if you want an exact idea of how much we could lend you, with no hard credit check, it’s best to apply for an agreement in principle.
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When using the borrowing calculator, you’ll need to enter in some simple details. This includes:
- your income
- your employment status
- your outgoings
- any dependants you have
- your earnings and debts.
If you’re applying with another person, we’ll also consider their income and outgoings alongside your own.
If you do an AIP to get an exact idea of how much you could borrow, we’ll ask a wider range of questions and do a soft credit check. If you complete a full mortgage application, we’ll then do a full credit search.
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With Lloyds, you could borrow up to 5.5x your income, depending on your circumstances. Use the calculator to find out more. Lending subject to approval.
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