Foreign currency mortgage tools
Foreign currency mortgage borrowing calculator
Yes, you can get a sense of what you might borrow on income paid in a foreign currency in a few seconds. Enter your pay below and this tool shows an indicative borrowing range, from a cautious lender to a generous specialist, so you can see how much the choice of lender moves the figure.
The reason there is a range, rather than a single number, is that lenders treat foreign currency pay very differently. One converts your income to sterling and lends on all of it. The next holds back a quarter to allow for the exchange rate moving. This calculator puts those treatments side by side so the spread is plain before you ever speak to a lender.
Leave this as zero if all of your income is paid in the foreign currency.
The exchange rates in this tool are indicative only and are used to convert your income to sterling. Lenders apply their own set assessment rate, not the live market rate, so the figure on a lender's system will differ. The indicative rates used here are: USD 0.79, EUR 0.86, AUD 0.52, CAD 0.58, AED 0.215, SGD 0.59, HKD 0.101, NOK 0.073, CHF 0.88 and GBP 1.00, each expressed as pounds per unit.
Your indicative borrowing range
Enter your income above
Typical figure:
The low end of the range is a cautious lender holding back 25% of the converted income, lending at 4.5 times. The high end is a generous specialist taking the income at full value, lending at 5 times. The typical figure sits in between, holding back 15% at 4.5 times.
| Lender treatment | Income held back | Assessed income | Indicative borrowing |
|---|---|---|---|
| Cautious | 25% | ||
| Typical | 15% | ||
| Generous specialist | 0% |
The whole spread is driven by one thing: which lender assesses your case. The pound portion of your income is never discounted. It is only the foreign currency part that lenders treat differently, and getting that part in front of the right lender is what lifts the figure.
Figures are illustrative. Your actual borrowing depends on the lender's exchange rate, how much of your income they accept, the multiple they apply and a full affordability assessment.
These figures are illustrative only. They are not a quote, offer or advice. Actual borrowing is subject to full lender assessment and status.
See what a lender would really assess
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