How To Work Out Your Mortgage Affordability | With An Example | First Time Buyer UK

In todays video Sam is discussing how to calculate your mortgage affordability.

When it comes to borrowing for a mortgage, understanding your affordability is crucial. Knowing your borrowing ceiling, or how much you can reasonably borrow, helps you make informed decisions and navigate the home-buying process effectively. In this blog post, we will break down the calculations involved and provide you with a practical example to illustrate the concept.

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Chapters:
0:00 Intro
00:16 How To Calculate Your Affordability
01:21 Affordability Criteria
02:31 Outro


UK Mortgage Centre is a trading style of Refresh Mortgage Network Limited. Refresh Mortgage Network Limited is authorised and regulated by the Financial Conduct Authority. FRN – 826982. Registered in England & Wales: 11614569. As a mortgage is secured against your home, it could be repossessed if you do not keep up the mortgage repayments. The Financial Conduct Authority does not regulate some forms of buy-to-let mortgages. The Financial Conduct Authority does not regulate will writing and taxation and trust advice.