How much I can afford to borrow?

  • This is the loan amount not the value of the home you can purchase.  Remember, you will still need a deposit + other upfront costs saved up.
  • The best practice tools in "Save up" are important first step to understand your income & expense position.
  • There are a number of tools available which allow you to work out what you can borrow, given your (and your partner if relevant) income and expenses.  It is important to note that we are currently in the lowest interest rate environment in decades (which means that if interest rates go up, you will be able to borrow less), so when you see how much you can afford to borrow, you may want to consider lowering this amount to apply a buffer for the future.
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