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Mortgage calculators - How much can I borrow?

Banks and building societies used to lend three times a single salary or two and half times a joint salary on a property mortgage. With the average house price in the UK now over £130K, lenders have had to rethink their criteria. In addition to salary, they now consider deposit size and monthly financial commitments (excluding rent or mortgage payments) when making their decision. Our borrowing calculator can give you an idea of the amount could borrow under the new criteria.

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Comparison Customer Services The Motley Fool Limited 2nd Floor Golden House 30 Great Pulteney Street London W1F 9LT Feedback on Fool.co.uk

Some lenders will not put the recent Base Rate increase into effect until the end of the month, so some of the rates shown here still reflect the old Base Rate.

The Motley Fool Mortgage Service is powered by Fool Financial Services Ltd, Golden House, 30 Great Pulteney Street, London, W1F 9LT. Fool Financial Services Ltd is authorised and regulated by the Financial Services Authority (FSA FRN 479153).

Fool Financial Services Ltd also works with other mortgage brokers, London & Country, John Charcol and Charcol. The Motley Fool Mortgage Service provides you with free, whole of market mortgage advice.

Your home or property may be repossessed if you do not keep up repayments on your mortgage.

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For more information, please see our Mortgages Disclosure