Framer code component
Affordability Calc
UK mortgage affordability the way a broker sizes a case: borrowing capped by an income multiple on income net of commitments, with the stress-tested payment lenders actually test against shown beside the pay rate.
How far it reaches
Property budget£373,000
Borrowing £333,000Deposit £40,000
What caps the borrowing
Income x4.5£333,000
LTV 90%£360,000
Stressed at 7.7%£389,222
Income x4.5 is what binds, and the next ceiling up sits £27,000 above it. Saving more deposit moves the budget, not the borrowing. Reducing the monthly commitments is what lifts this.
Monthly repayment£1,727Stressed at 7.7%£2,374Loan to value89.3%
Assessable income is gross income less annualised commitments. The stress ceiling holds the payment at 45% of assessable monthly income at 7.7%. Lender criteria vary. An estimate, not a mortgage offer.