Your mortgage is only part of the cost. Add up your true monthly cost of ownership including tax, insurance, maintenance, service charges, and utilities.
A common guideline is roughly 1% of the property value per year, though older properties often require more.
Buyers who budget only for the mortgage are often caught out. Knowing the full cost prevents overstretching.
A practical 2026 guide to the 28/36 housing cost rule — where it came from, how lenders in the US, UK, Canada, Australia and UAE actually apply it today, worked examples at current rates, and a modern decision framework
Most costly property mistakes are preventable. This is the verification work that protects your money before you commit.
The UK market has features that surprise overseas buyers, particularly stamp duty bands and the leasehold system.
Disclaimer: This calculator provides estimates for informational purposes only and is not financial, tax, or legal advice. Verify figures with a qualified professional before making decisions.
