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Introduction
Are you considering buying a home but not sure how much you can borrow? Our mortgage website calculator can help. Most lenders will let you borrow up to 4.5 times your annual income, so this calculator is designed to indicate the amount you might be able to borrow with a mortgage.
How to use this calculator
Enter your annual income and our calculator will show you an estimate of how much you might be able to borrow. Buying with a friend or partner? Simply enter your joint income for a more accurate result.
The results of the calculator should be used only as an indication of what you might be able to borrow, and are not a guarantee from any lender. Your actual borrowing power depends on your credit score, financial history, property type and any other factors lenders consider when assessing mortgage applications.
It’s important to remember that the results of our mortgage website calculator are only an estimate, and we recommend speaking to an independent mortgage broker before making any decisions. They will be able to give you a better indication of what you can borrow, and how much it might cost in fees and interest. At Echo Finance, our advisers are always ready to provide free advice, tailored to your individual circumstances. Get in touch today!
Next steps
If you’d like to find out more about buying a home, check out our mortgage guide. It contains lots of useful information on the entire process, including choosing a lender and understanding your costs.
Applying for a mortgage in principle
If you’re ready to start the process, you can apply for a mortgage in principle. This is an agreement from a lender that they would be willing to lend you money, subject to certain conditions being met. It doesn’t guarantee that you will definitely get a mortgage, but it does give you more bargaining power when negotiating with estate agents and vendors.
Get in touch with our team and we can help you get started with your application. We’ll guide you through the process and make sure you receive the best possible deal.
Good luck with your house hunting! We hope our mortgage calculator has been helpful.
Find your local adviser
Frequently Asked Questions
Below you will find the answers to the questions we hear most often from Echo Finance customers:
A mortgage broker, or a mortgage advisor, is an intermediary who acts as a conduit between an aspiring borrower and a lender. It is their job to provide the mortgage applicant with impartial advice, help them choose the right product and arrange the deal with the lender.
Brokers provide services including advice on which type of mortgage to choose, providing access to exclusive rates through their lender contacts, and application support. Some can offer advice on all areas of the mortgage market, while others specialise in niche fields such as buy-to-let, bad credit, commercial finance, first-time buyers or self-employed borrowers.
People choose to apply for their mortgage through a broker because it can boost their chances of finding the right deal, while saving time and money in the long run.
- Residential mortgages: Everything from fixed-rate to tracker mortgages for first-time buyers, homemovers and remortgage borrowers
- Specialist mortgages: For borrowers who fall outside of standard lending criteria, including people with bad credit, self-employed professionals and more
- Later-life lending: Including advice on equity release, mortgages for pensioners and retirement interest only (RIO) mortgages
- Bridging & Commercial: We have specialist advisors on hand for commercial mortgages, bridging loans, development finance and more
- Insurance & Protection: Including life, home and critical illness cover for families and individuals, as well as landlord and business protection insurance
Echo Finance is regulated by the Financial Conduct Authority and is reviewed annually by an independent compliance company. All of our brokers and advisers hold industry-standard qualifications, such as CeMAP, CeRER and DipMap, where required.
We are committed to providing advice through the channels that best suit your needs. Our brokers can provide advice via phone, email, video and web chat from anywhere in the UK, but we also aim to offer face-to-face appointments for those who request them.
