As Featured In

How Much Mortgage Can FTB Get

How Much Mortgage Can First Time Buyers Get?

There is no set amount which all First Time Buyers can get. The amount of mortgage you can get is primarily based on affordability. This means considering income and outgoings. Amount of deposit and Credit Rating also play a part. 

A broad rule of thumb is that you may be able to borrow 4.5 times your annual gross salary, less if any existing debt. This isn’t guaranteed. Some mortgage lenders will allow less, and some will allow more. 

Some mortgages are designed for specific groups of people. You may be able to borrow up to 6 times your income if you are eligible for one. For example if you have graduated and are a qualified practicing ‘professional’ such as teacher, dentist, doctor or solicitor you can access special mortgages. These mortgages are called Professional Mortgages and are also available to other professions.

You can even get a mortgage while on a graduate employment scheme or if you have just started permanent employment.

The best way to calculate how much First Time Buyer Mortgage you can borrow, is to speak with a Mortgage Broker. A Mortgage Broker will quickly and easily assess your circumstances to confirm how much you can borrow. You can then be confident in what you can afford to buy before you search for a new home.


Row of colorful english houses Standard Mortgage
Open chat
Hi, let me know in as much detail as possible how we can help?
Seraphinite AcceleratorOptimized by Seraphinite Accelerator
Turns on site high speed to be attractive for people and search engines.