First-time buyer calculator — UK

Home buying, simplified.

Most affordability calculators tell you a number. Homabu shows the tier of mortgage that number actually depends on — and what it costs you once hidden charges are included.

Want lease length, service charges, and property-specific lending rules factored in too? Try the full Precise calculator →

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Higher tiers (6.5x–7.0x) are shown for comparison — they're aimed at high earners or specialist/private-bank lending, not typical first-time-buyer access.
Simplified mode doesn't factor in property type — lease length, ex-local-authority status, and similar restrictions can significantly change what's actually available. Switch to Precise for that.
Add a safety margin A Mortgage in Principle is often based on incomplete information — fees, exact service charges, and full underwriting checks come later. If you offer right at your absolute maximum, there's no room left if something changes, and a sale can fall through post-offer. A margin gives you genuine room to negotiate and a buffer against surprises.
£
Estimated maximum purchase price
£0
Standard tier · 4.5x income
Est. mortgage available£0
Plus your deposit£0
Safety margin applied£0
Est. monthly repayment (30yr term)£0
+ Service charge / month£0
True monthly cost£0
Total repaid over term£0
— of which interest£0
This is a general information tool, not financial or mortgage advice. Figures are estimates based on typical UK lending criteria and publicly reported lender ranges as of 2026, and will vary by individual lender, credit profile, and circumstances. Always confirm affordability and property-specific costs with a qualified, whole-of-market mortgage broker before making an offer.
Now that you know your number — speak to our trusted partners

Homabu doesn't give mortgage advice — these are independent partners you can choose to speak to next, not a recommendation tied to your result above.

01

Check your credit file

One report combining Experian, Equifax and TransUnion. Free for 7 days, then £14.99/month — cancel online anytime.

Check your credit file →
02

Talk to a broker

Whole-of-market advice on which tier you actually qualify for.

Get matched with a broker →
03

Sort your conveyancing

Compare vetted solicitors once an offer's been accepted.

Compare conveyancing quotes →
04

Get insurance quotes

Buildings insurance is required before exchange — compare providers.

Compare home insurance →
Homabu may earn a commission if you use these links, at no extra cost to you. Partners are chosen for fit with our buyer-first approach, not for the size of the commission — see our approach to partnerships.
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Transparency, not a black box

Why your number might differ from your broker's.

Most tools default to the standard 4–4.5x income multiple — the safest number to quote, and it applies to almost anyone. But lenders offer several higher tiers too, rationed by their own risk appetite, and often unavailable on property types like short leases or ex-local-authority flats. Homabu shows you every tier upfront, and which properties each one actually rules out.

TierMultipleWho qualifiesProperty restrictions
Standard4.0xMost borrowers, no special criteriaNone specific to the tier
Standard (top of range)4.5xMost borrowers, no special criteriaNone specific to the tier
Enhanced5.0xHigher earners (often £75k+)Usually excludes ex-LA, short lease, above-shop
Enhanced / First-time buyer boost5.5xHigher earners, or FTBs via schemes like Nationwide's Helping HandStandard construction only — excludes ex-LA, short lease, above-shop, some new-builds
First-time buyer boost / Professional6.0xSome FTB schemes stretch here; entry point for professional mortgagesUsually excludes ex-LA, short lease, above-shop, some new-builds
Professional / high-multiple6.5xQualifying professions or £150k+ combined incomeUsually excludes ex-LA, short lease, above-shop
High-net-worth / private bank7.0xVery high income/assets, typically via private banking, outside standard FCA multiple frameworkUsually excludes ex-LA, short lease, above-shop
The gap nobody warns you about

The number you're given rarely accounts for the specific property.

01

Lease length restricts lending →

Most lenders require 70–85+ years remaining, plus a minimum unexpired term after your mortgage ends. Fall short, and your options shrink fast — regardless of income.

02

Service charges aren't on the listing →

Rightmove and Zoopla don't require sellers to publish service charges. A flat that looks affordable on the mortgage alone can be £150–400/month more once ground rent and service charge are added.

03

What's below the flat matters →

Flats above shops, takeaways, or pubs often need 15–25%+ deposits and a smaller lender pool — a restriction most people only discover mid-purchase.

View all resources →