Am I Ready to Buy? First Home Affordability Check

You keep refreshing property listings without knowing if the numbers actually work. Give your salary, fixed outgoings, and target price, and you get a proper affordability walkthrough: how lenders set your maximum borrowing, roughly what you could repay each month, and whether the gap between dream and budget is closeable. Built for first-time buyers doing the maths for real.

I'm considering buying my first home and want to understand whether I can genuinely afford it. My gross annual salary is {ANNUAL_SALARY} and I have {MONTHLY_EXPENSES} in fixed monthly outgoings. The properties I'm looking at are around {TARGET_PROPERTY_PRICE}.

Please walk me through a full affordability assessment covering: how lenders typically calculate maximum borrowing (income multiples), what my approximate monthly mortgage payment might look like at current rates, how much of a deposit I'd need, and whether my income-to-outgoings ratio is healthy. Flag any warning signs that suggest I should wait or adjust my budget before approaching a mortgage lender.