Affordability Calculator

The first step to your future home

Buying your first home or jumping back into the property market is an exciting venture that is often followed by a long list of questions. The first of many that people will ask, and need to know, is how much can I borrow?

Getting a clear picture of your affordability is incredibly important. Not only does it help you set realistic budgets, but you also gain financial clarity before speaking with a mortgage advisor. The Sky-House affordability calculator provides an estimate based on your personal income. Along with our expert buying guides and mortgage calculator, it’s the perfect first step in your home-buying journey to help you stay confident along the way.

How does an affordability calculator work?

Our affordability calculator is designed to be fast and easy! With just a few simple details, it will provide you with a straightforward estimate as to how much you may be able to borrow. A mortgage lender doesn’t just look at your salary; it’ll also be observing your regular monthly spending, any financial commitments, and how comfortably you can handle the monthly repayments.

We’ll take a few of your key details in order to provide a calculation that reflects what lenders may be willing to offer. This includes:

Income details (salaries, bonuses, commission, overtime, etc.)
Financial outgoings (loans, credit balances, car payments, utilities, etc.)
Deposit amount
Mortgage term
Potential property price
Retirement age

Calculate how much you can borrow

Just share some simple details, and we’ll provide you with an estimate!

By entering a few details, this calculator will check over 50 lenders to estimate how much you could borrow. You’ll also receive a downloadable Mortgage Passport to show proof of your affordability. There’s no credit check required to use this calculator.

Mallard Mortgages works with Sky House to provide their clients with expert mortgage and protection advice. Mortgage Advice Bureau has access to over 12,000 mortgages from 90+ lenders, so we can find the right mortgage to suit your individual needs. The expert advice we offer, combined with the volume of mortgages that we arrange, places us in a very strong position to ensure that our clients have access to the latest deals available and receive a first-class service.

We will take care of everything and handle the whole application process, from explaining all your options and helping you select the right mortgage, to choosing the most suitable protection for you and your family.

Your home may be repossessed if you do not keep up repayments on your mortgage. There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances. The fee is up to 1% but a typical fee is 0.3% of the amount borrowed.

Our calculator results are a guide only and do not guarantee mortgage approval.

What are the next steps when buying a home?

Now that you have a clear picture of how much you can borrow, the next step is to consider what your monthly repayments could look like. This helps prepare you for your future home, which can be done through our easy mortgage calculator, offering instant results to keep you informed.

Once you feel confident about your options, you can start the fun process of looking for your future home and speaking with a dedicated mortgage advisor. It’s also smart to stay up to date with resources such as guides and insights, covering everything from the full buying journey to sustainable eco-first homes and house-buying schemes. Being prepared from the very beginning can make the process feel even more enjoyable and manageable.

Affordability Checker FAQs

Choosing a Sky House really was the best decision. My Sky House is completely different to all new build homes and that's why I love it. Hassle free with all the extra details. Of course, the economic values are great but the roof terrace is the perfect touch and my favourite part.

Resident at Fox Valley

I love the sense of space and light. I like how every part of the house has a purpose and feels different in its own right. I think one of my favourite spaces is the landing. It could easily have just been an after thought - but I like that it feels like an extra little room to sit and read or just chill in.

Resident at Oughtibridge Mill