How Much Can You Borrow with Halifax Mortgage in 2026

Buying a home is one of the biggest financial decisions most people make. Knowing how much you can borrow with Halifax helps you plan your purchase and make informed choices. Halifax, one of the UK’s leading mortgage providers, offers a range of mortgage products for first-time buyers, home movers, and those remortgaging.

Factors Affecting How Much You Can Borrow

Halifax calculates your borrowing limit based on several key factors. Understanding these can help you estimate your mortgage before applying.

Your Income

Your annual income is the primary factor lenders consider. Halifax mortgage typically uses a multiple of your income to determine your borrowing limit. For instance, if your income is £40,000 and Halifax offers 4.5 times your salary, you could borrow up to £180,000.

Your Expenses

Lenders also review your regular expenses, including utility bills, loan payments, credit card bills, and living costs. High expenses can reduce the amount you can borrow. Halifax ensures you can comfortably afford monthly repayments.

Credit Score

A strong credit score increases your borrowing potential. Halifax checks your credit history to assess your reliability as a borrower. Poor credit may limit your borrowing amount or increase interest rates.

Deposit Amount

The size of your deposit affects how much you can borrow. A larger deposit often increases borrowing options and may secure better interest rates. Halifax usually prefers a deposit of at least 5% of the property value.

Halifax Mortgage Types

Halifax provides different mortgage options to suit various needs. Choosing the right product can influence your borrowing limit.

Fixed-Rate Mortgages

Fixed-rate mortgages have a set interest rate for a specified period, usually 2–5 years. This ensures stable monthly repayments. Fixed rates may slightly limit borrowing compared to variable options, but provide predictability.

Variable-Rate Mortgages

Variable-rate mortgages adjust with market conditions. Halifax offers standard variable rates and tracker rates linked to the Bank of England base rate. These options may allow higher borrowing but carry the risk of increasing repayments.

Offset Mortgages

Offset mortgages link your savings to your mortgage, reducing the interest you pay. Halifax offset mortgages can increase your effective borrowing power if you have significant savings.

Commercial Mortgage for Limited Company

Halifax also offers commercial mortgages for limited company looking to purchase property for business use. The borrowing criteria differ from residential mortgages, often considering company income, credit history, and business performance. These mortgages allow companies to invest in property while managing cash flow efficiently.

How to Check Your Borrowing Limit

Halifax provides tools and advice to estimate how much you can borrow.

Online Mortgage Calculator

Halifax’s online calculator offers a quick estimate. Enter your income, expenses, and deposit to see your approximate borrowing limit.

Speak to a Mortgage Advisor

A Halifax mortgage advisor can provide a more accurate assessment. They review your financial situation and recommend the most suitable mortgage product.

Pre-Approval

A mortgage in principle (MIP) confirms your borrowing potential. Pre-approval strengthens your position when making an offer on a property.

Tips to Increase Your Borrowing Potential

• Reduce existing debts: Paying down credit cards or loans can increase your limit.
• Save a larger deposit: A higher deposit may allow you to borrow more with better rates.
• Improve your credit score: Paying bills on time and reducing debts enhances your credit profile.
• Consider joint applications: Applying with a partner can combine incomes and increase borrowing capacity.

Conclusion

Knowing how much you can borrow with Halifax helps you plan your home purchase confidently. Your income, expenses, credit score, and deposit are key in determining your borrowing limit. Using Halifax’s tools, consulting an advisor, and improving your financial profile can maximize your mortgage potential. Whether for residential or commercial property, Halifax offers options to suit diverse needs.

FAQs

How much can I borrow with Halifax?

The amount you can borrow depends on your income, expenses, credit score, and deposit. Halifax typically uses a multiple of your income, so a higher income and a larger deposit can increase your borrowing limit.

Can I get a mortgage with poor credit?

Yes, but a poor credit score may reduce your borrowing amount or result in higher interest rates. Improving your credit profile before applying can increase your chances of approval.

Does Halifax offer mortgages for businesses?

Yes, Halifax provides commercial mortgages for limited companies. These are designed for purchasing business properties, with borrowing based on company income, credit history, and financial performance.