How it works
Illustrative borrowing = annual income × selected multiple. Property budget = borrowing + deposit.
A worked example
At 60,000 income and a 4.5 multiple, illustrative borrowing is 270,000; a 40,000 deposit gives a 310,000 budget.
What to keep in mind
Illustration only, not an affordability assessment or lending decision. Lenders consider spending, debts, dependants, age, credit history, deposit and stress-tested rates. Buying costs are excluded.
A common question
Will a lender offer this amount?
Not necessarily. This is a simple scenario based on your chosen multiple, not a mortgage eligibility check.
For general information and planning, not personalised financial or tax advice. Verify important decisions with a qualified adviser.