How much you can borrow depends on your personal circumstances, such as income. It’s also down to how much we're willing to lend. Although you’re ultimately responsible for paying it back, we're also obliged to check you can afford to repay the loan and make sure you’re not over-stretching your finances.
Other factors such as your loan-to-value (LTV) ratio and the current value of your property will also be considered. The LTV ratio is the comparison between the amount you want to borrow and the value of your home, expressed as a percentage. It tells us how much equity you have in your home. The lower the percentage, the better the deals you can usually get.
Try out our Mortgage Affordability calculator to see how much you could borrow.