Things may have changed since you last got your mortgage – Central Bank Rules will now come into play, for instance. So how much you can borrow will be based on your income, your house price, and what you can afford.
You can borrow a maximum of 90% of the value of the property (this percentage is known as the LTV, or Loan to Value of your home). Yep, that means you’ll need a 10% deposit.
The amount you can borrow also depends on what you can comfortably afford to repay monthly, this typically shouldn’t exceed 35% of your disposable income. It’s that comfort cushion. Why not use our mortgage calculator to see what you can afford?