UK affordability tool
A quick, hedged read on whether your payslip income may support the property you have in mind.
£45k income, £25k deposit, £250k home: borrowing range £180k-£202k, LTV 90%, stress test ok.
Appears consistent
Within typical multiples and LTV.
Tight
Possible at some lenders - worth reviewing.
Outside
Bigger deposit or lower price likely needed.
Joint income £80k, deposit £40k, property £320k.
Range: 4.0x-4.5x = £320k-£360k. Property £320k just within reach. LTV 87.5%.
Stress test: monthly at 8% on £280k 25-yr ≈ £2,160. Net joint ≈ £4,800/mo. 45% - over the 35% bar - worth reviewing with a broker.
4.0-4.5x is typical for mainstream UK lenders. Some go to 5x or higher under specific schemes.
No. We are not regulated. Lenders apply their own affordability and credit checks.
5% minimum for most schemes; 10-15% gets meaningfully better rates.
Loan-to-value: loan ÷ property price. Lower LTV = lower risk = better rates.
Lenders model whether you could afford payments if rates rose. We use +3% as a proxy.
Sources
Last verified: 2026-05-03.
Disclaimer: PayslipIQ is not a regulated mortgage adviser. Speak to an FCA-authorised broker for advice.