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How much can I borrow?

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In this guide

Why do you need to know what you can borrow? 

Once you know how much you can borrow you can set a realistic savings goal to cover your deposit and other expenses.

 

If you're a first time buyer, knowing how much lenders are willing to let you borrow can be really helpful. 

 

Understanding how much you could borrow will help you: 

  1. get a realistic idea of the type of home you can afford

  2. decide roughly how much you need for your deposit

How much can you borrow? This is: Amount you can borrow + deposit you can save = A rough idea of your price range

 

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