How much can I borrow?

As a rough guide, with a good deposit and with provable income, you should be able to borrow up to approximately 4.5 times your annual income, this is subject to your personal circumstances.

Elamo will be able to confirm if you can get a mortgage and how much you can borrow with answers to a few simple questions. To ensure that the monthly costs fit your budget and disposable income accurately we would suggest you also update your Elamo budget planner or speak to an expert.

Especially if your circumstances are out of the norm for example, high income, self-employed, director, contractor, debt consolidation, looking for a buy-to-let or a shared ownership or help to buy mortgage you will almost certainly need to get an Elamo Agreement in Principle before moving forward or you can always speak to an expert for more immediate tailored advice.