Legal, Survey or EPC Quote
Book an appointment
Calculators
01332 300300Mortgages
How Much Can I Borrow? Mortgage Calculator for Derbyshire and the UK
See how much you could borrow for a mortgage based on your income, debts and deposit. We show what most lenders offer, and what some lenders may go up to. Based in Pride Park, Derby, we help buyers across Derbyshire and the UK find the lender that fits.
★★★★★ Rated 5 stars on Google | FCA Regulated (Ref: 706676) | Derby-Based, Advising Across the UK | Call 01332 300300
Request a Callback
Leave your number and one of our advisers will call you back, usually within one working day.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
Work Out How Much You Could Borrow
Answer five questions. The notes next to each box explain what to enter and why it matters.
How this calculator works
Lenders start with a multiple of your yearly income. Most lend up to 4.5 times income. Some go to 5.5 times, and a few go up to 6 times for certain buyers. We take your debt payments into account, then show all three so you can see the range.
Reviewed by Suzanne Bradshaw, Director, Mortgage & Finance Arena. Last updated September 2026.
Most lenders could lend you around
£0
What Different Lenders Might Offer
Most lenders
£0
Most likelyThe standard limit for most high street banks and building societies.
Some lenders
£0
Often for higher earners, some professions or first-time buyer boost schemes. Many need a household income of £40,000 or more.
Selected schemes
£0
A few lenders, mostly for first-time buyers. Often only on 5 or 10-year fixed rates, with minimum incomes such as £30,000 alone or £50,000 together.
Income we used
£0
Your deposit
£0
Loan to value (most lenders)
0%
What Might the Monthly Payments Be?
Change the amount, term or rate to see a rough monthly cost. The rate is an example you can change, not a quote.
£0 a month
Capital and interest repayments over the full term at a fixed example rate. Real rates depend on the lender, your deposit and your credit record. Fees are not included. Lenders also check you could still afford the payments if rates went up.
Want to Know Which Lenders Would Say Yes?
We search lenders across the market, including those offering higher income multiples. Leave your details and one of our advisers will call you, usually within one working day.
Guide only. Not a quote, offer or recommendation.
How Lenders Work Out What You Can Borrow
Income Multiples
Lenders start with your yearly income and multiply it. Most cap this at 4.5 times. Some lend 5 to 5.5 times to higher earners, and a few offer up to 6 times through special schemes.
Affordability Checks
Lenders then look at your spending, debts and family costs. They also test whether you could still pay if rates rose. This check can bring the figure down.
Deposit and Credit Record
A bigger deposit and a clean credit record open up more lenders and better rates. Some higher income schemes need a deposit of 10% or more.
Income Multiples at a Glance
| Multiple | Who it is usually for |
|---|---|
| Up to 4.5 times | Most borrowers with most lenders |
| 5 to 5.5 times | Higher earners, some professions and first-time buyer boost schemes |
| Up to 6 times | Selected schemes, mostly for first-time buyers with a minimum income |
| Over 6 times | A small number of specialist lenders with strict rules |
Ways to Borrow More
| Step | Why it helps |
|---|---|
| Clear or cut debts | Lower monthly payments leave more room for your mortgage |
| Apply with someone | Two incomes are added together |
| Save a bigger deposit | More lenders and better rates become available |
| Use a broker | We know which lenders offer higher multiples |
Local Advice in Derbyshire
Our advisers work from Pride Park in Derby. We help first-time buyers, movers and homeowners across the county find out what they can borrow and which lenders will say yes. Find out more about our mortgage advice in Derby.
Advice Across the UK
Buying outside Derbyshire? We arrange mortgages across the UK by phone and video call, with the same service and support.
Derby · Belper · Ripley · Heanor · Ilkeston · Long Eaton · Swadlincote · Alfreton · Matlock · Ashbourne · Chesterfield · Buxton
How Much Can I Borrow? FAQs
Most lenders will lend up to 4.5 times your yearly income. On a £40,000 salary that is around £180,000. Debts, spending and your credit record can bring this down.
Some lenders now offer up to 6 times income, mostly to first-time buyers. These deals often need a minimum income and may only come with longer fixed rates. We can check if you qualify.
Yes. Monthly payments on loans, car finance and credit cards reduce what lenders will offer. Clearing or cutting debts before you apply can raise the amount.
Most lenders need at least 5% of the price. A deposit of 10% or more gives you more choice and usually lower rates.
Yes. Lenders usually look at your last two years of accounts or tax returns. Some will use your latest year if your income is rising.
No. The calculator does not run a credit check or store your figures. A lender only checks your credit when you apply.
Lenders look at your whole budget, including childcare, travel and other costs. They also check you could afford higher rates. A missed payment or a small deposit can also lower the figure.
Have a Question? Get in Touch
Prefer to tell us more about your plans first? Send us a message and one of our advisers will get back to you directly.
"*" indicates required fields
Want Advice Based on Your Own Circumstances?
Speak to one of our advisers for a personal recommendation, not just a guide figure.
Your home may be repossessed if you do not keep up repayments on your mortgage. This calculator gives a guide only. It is not a quote, an offer of a mortgage or a personal recommendation. Lenders set their own rules and will check your income, spending and credit record. Higher income multiples are only offered by some lenders and have extra conditions. Mortgage & Finance Arena Ltd is authorised and regulated by the Financial Conduct Authority (FCA No. 706676).