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Mortgage calculator: How to work out how much you can borrow – tips

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For example, doctors, dentists and other professionals may be able to borrow up to six times their annual income from some mortgage providers.

The Money Advice Service explains more about the loan-to-income ratio on their website: “In the past, mortgage lenders based the amount you could borrow mainly on a multiple of your income. This is known as the loan-to-income ratio.

“For example, if your annual income was £50,000, you might have been able to borrow three to five times this amount, giving you a mortgage of up to £250,000.

“Now, when you apply for a mortgage, the lender will cap the loan-to-income ratio at four-and-a-half times your income.”



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