how much can we borrow

The amount that can be borrowed, especially for mortgages, depends primarily on income, outgoings, deposit size, property value, and lender criteria. Most lenders calculate borrowing capacity based on an income multiple and monthly financial commitments. Borrowers with higher incomes and lower outgoings can generally borrow more. The maximum loan amount is also influenced by deposit sizes, property types, credit history, and the lenders' assessment of personal circumstances. Tools like mortgage calculators can give rough estimates based on income, deposit, and property value, but a personalized lending decision called a "Decision in Principle" or pre-approval is recommended for an accurate figure. In summary, borrowing limits vary by individual financial situations and lender policies, and it is advised to use borrowing calculators or consult lenders for specific limits.