How much can my partner and I reasonably expect to borrow?

Wkmg

Hi, just looking for some advice. The different on-line calculators show wildly different numbers for us so just want to see what people generally think is possible. We are both medical doctors and 34 years old. I earn £97,000, my other half earns £64,000 as basic income (as NHS employees, not self employed). We also are both directors of a company that earns about £20,000-30,000 a year pre tax that can pay us a dividend. I also make the odd extra £1000 here and there for doing extra weekend work. I’d be inclined not to include the company or extra weekends in any calculations as the income is not regular, not guaranteed and has only been up and running for a year. We have no debt and no dependents. I don’t want to waste our time or emotions dreaming about houses we can’t afford. We have a house which we would sell to move. Assuming that nothing crazy happens due to Covid we can probably swing a deposit of £150,000 leaving over plenty of extra for stamp duty and associated costs. Do you think any reputable lender would lend us £750,000 so we could afford a £900,000 house? Trussel seems to think we can but I don’t know how reliable that service is. Thanks for any advice. 

ACG

£750k is feasible. It wont be for every lender as some put a cap of 4.5x income in place but you are obviously in good jobs and have a good deposit for £750k I would say is possible. 

Affordability calculators can vary a lot, it does not mean they are inaccurate it just means they have assessed your affordability differently. The biggest difference I seen was £40k and around £200k - thats over £150k difference between the highest and lowest for the same customers.