Calculators
Joint Mortgage Calculator
Buying with someone else can significantly increase what you're able to borrow. This calculator gives you a starting estimate based on combined income.
Whether you’re applying with a partner, friends, or family, joint mortgages offer excellent opportunities for people looking to get onto the property ladder.
How much could I borrow?
Enter your income, any monthly credit commitments and your deposit for an indicative borrowing range.
Bonus, overtime, commission or second job, where a lender will consider it.
Loans, car finance and credit card repayments.
Indicative borrowing range
£160,000 – £220,000
Based on lenders typically working between 4 and 5.5 times total income, reduced by the credit commitments entered. Some lenders stretch further for certain professions or higher earners.
Estimate only — figures are for guidance and are not a mortgage offer. What you can actually borrow depends on a full lender assessment of your income, outgoings, credit history and the property. Initial advice is free; if you proceed, a fee typically between £199 and £299 may apply and will always be agreed with you before any application.
This information is a guide only and should not be relied on as a recommendation or advice that any particular mortgage is suitable for you. All mortgages are subject to the applicant(s) meeting the eligibility criteria of the specific lender. You should make an appointment to receive mortgage advice which will based on your needs and circumstances.
What is a Joint Mortgage Calculator?
Our joint mortgage calculator is a financial tool which uses the combined income of the applicants to provide an estimation of the loan size a lender may offer you.
It’s important to recognise that the figure given is intended to be used as a guide only. For more detailed consultation, feel free to reach out to one of our expert mortgage brokers by calling 0191 580 9890.
What is the Purpose of a Joint Mortgage Calculator?
The purpose of our joint mortgage calculator is to give you an idea of:
- Loan Affordability: Estimating the potential joint borrowing capacity for the applicants.
- Deposit Calculation: Determining the required deposit based on the ownership percentage of each applicant.
- Loan Duration: Identifying the suitable mortgage term corresponding to the loan amount.
- Instalment Breakdown: Providing a breakdown of the instalment amount each applicant needs to contribute.
- Interest Rate Impact: Analysing how changes in interest rates could affect the mortgage deal.
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Frequently asked questions
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