First-time buyer calculators

Four quick sums, no sign-up. How much you can borrow, how long your deposit will take, what stamp duty you will pay, and what a mortgage costs a month.

How much can I borrow?

Lenders typically lend 4 to 4.5 times your income before tax. Some stretch to 5.5 for higher earners or certain jobs.

Your income before tax (yearly)

Second applicant's income (if any)

Deposit you have or expect

Typical borrowing range

£0

House price you could look at: £0
If a lender stretches to 5.5×: £0
Loan-to-value at the top of the range: –

Income multiples only. Real affordability checks look at your outgoings, debts and credit. A mortgage in principle gives you the real figure.

Deposit planner

How long until you have enough? Tick the Lifetime ISA box to add the government's 25% bonus on up to £4,000 a year.

Price of the home you are aiming for

Deposit 10%

Saved so far

Saving each month

Time to your deposit

–

Deposit needed: £0
Still to save: £0
Lifetime ISA bonus: –
You'd be there by: –

Assumes no interest on savings. The LISA bonus is 25% of what you pay in, up to £1,000 a year, and the account must be open 12 months before you use it.

Stamp duty (England and Northern Ireland)

First-time buyers pay 0% on the first £300,000 of a home costing up to £500,000. Scotland (LBTT) and Wales (LTT) are different.

Purchase price

Are you a first-time buyer?

Yes, all buyers areNo / not sure

To get the relief, everyone buying must never have owned a home anywhere in the world, and you must plan to live in it.

Stamp duty to pay

£0

Saved by first-time buyer relief: £0

Monthly mortgage payment

A repayment mortgage, which is what first-time buyers get. Change the rate to see how much it matters.

Mortgage amount

Interest rate (%)

Term 30 years

Per month

£0

If the rate were 1% higher: £0
Total repaid over the term: £0
Of which interest: £0

Illustration only. Your rate depends on your deposit, the lender and the deal. Fees not included.

A note on the numbers. Thresholds, schemes and typical costs are correct as far as we know at the time of writing and are for England and Northern Ireland unless we say otherwise. Rules change and lenders differ. Check the current position, and get advice from a qualified broker before you commit.

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