Mortgage affordability calculators are handy online tools that help you estimate how much you might borrow for a home. They're provided by lenders, banks, and brokers, and can help focus your property search based on your budget. Some even let you compare mortgage products and calculate potential repayments.
Remember, these calculators offer initial estimates, not formal mortgage offers. The final amount you can borrow depends on many factors, like lender criteria, credit history, property type, and employment status. For a more accurate understanding and personal advice, it's best to speak with a mortgage adviser or lender.
At Austin Friars, we're here to help guide you through this process. Don't hesitate to reach out to us for support.